Insider Selling: Jabil (NYSE:JBL) EVP Sells 423 Shares of Stock

Jabil (NYSE:JBL) EVP Erich Hoch sold 423 shares of Jabil stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $29.88, for a total transaction of $12,639.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Erich Hoch also recently made the following trade(s):

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  • On Thursday, March 22nd, Erich Hoch sold 2,029 shares of Jabil stock. The shares were sold at an average price of $29.80, for a total transaction of $60,464.20.

JBL traded up $0.43 during trading on Thursday, reaching $29.17. 1,467,516 shares of the company’s stock were exchanged, compared to its average volume of 2,267,386. The firm has a market capitalization of $5,006.48, a price-to-earnings ratio of 15.77, a PEG ratio of 1.16 and a beta of 0.41. Jabil has a one year low of $23.70 and a one year high of $31.77. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.04 and a quick ratio of 0.54.

Jabil (NYSE:JBL) last released its earnings results on Thursday, March 15th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. Jabil had a net margin of 0.60% and a return on equity of 14.31%. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter in the previous year, the company earned $0.48 EPS. Jabil’s quarterly revenue was up 19.2% compared to the same quarter last year. equities research analysts predict that Jabil will post 2.05 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of JBL. Premia Global Advisors LLC purchased a new stake in Jabil during the fourth quarter valued at about $174,000. Signition LP purchased a new stake in Jabil in the fourth quarter valued at approximately $202,000. Alambic Investment Management L.P. purchased a new stake in Jabil in the fourth quarter valued at approximately $215,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Jabil by 47.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,907 shares of the technology company’s stock valued at $234,000 after purchasing an additional 2,853 shares in the last quarter. Finally, ETRADE Capital Management LLC purchased a new stake in Jabil in the third quarter valued at approximately $238,000. Institutional investors own 99.76% of the company’s stock.

Several equities research analysts recently issued reports on JBL shares. Zacks Investment Research raised shares of Jabil from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Standpoint Research upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Argus raised shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Monday, December 18th. Raymond James Financial reiterated a “hold” rating on shares of Jabil in a research report on Thursday, December 14th. Finally, Goldman Sachs cut their price objective on shares of Jabil to $24.00 and set a “sell” rating on the stock in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $32.90.

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Jabil Company Profile

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).

Insider Buying and Selling by Quarter for Jabil (NYSE:JBL)

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