Jabil Inc. (NYSE:JBL - Get Free Report) Director Christopher S. Holland sold 3,400 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, the director now owns 12,900 shares of the company's stock, valued at approximately $2,093,283. The trade was a 20.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
NYSE JBL traded down $2.98 during trading on Monday, hitting $159.43. The stock had a trading volume of 1,421,641 shares, compared to its average volume of 1,472,249. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 1.61 and a beta of 1.23. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The stock has a 50 day simple moving average of $147.70 and a 200 day simple moving average of $127.02.
Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.12. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm's quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.60 earnings per share. Sell-side analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil's dividend payout ratio is presently 3.07%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new stake in shares of Jabil during the third quarter valued at approximately $32,000. First Horizon Advisors Inc. raised its stake in shares of Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after acquiring an additional 130 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Jabil during the fourth quarter valued at approximately $43,000. Brooklyn Investment Group bought a new stake in shares of Jabil during the third quarter valued at approximately $39,000. Finally, Cromwell Holdings LLC raised its stake in shares of Jabil by 412.7% during the fourth quarter. Cromwell Holdings LLC now owns 364 shares of the technology company's stock valued at $52,000 after acquiring an additional 293 shares in the last quarter. Institutional investors own 93.39% of the company's stock.
JBL has been the subject of a number of research analyst reports. StockNews.com lowered Jabil from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Stifel Nicolaus reiterated a "buy" rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their price target on Jabil from $136.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. UBS Group lifted their price target on Jabil from $128.00 to $152.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Finally, Barclays lifted their price target on Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a research report on Friday, December 20th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $153.17.
Read Our Latest Stock Report on Jabil
Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).
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