Insider Selling: Jabil Inc (JBL) President Sells 13,915 Shares of Stock

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Jabil Inc (NYSE:JBL) President William E. Peters sold 13,915 shares of Jabil stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $29.48, for a total value of $410,214.20. Following the sale, the president now owns 511,562 shares of the company’s stock, valued at $15,080,847.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

William E. Peters also recently made the following trade(s):

  • On Wednesday, August 1st, William E. Peters sold 13,915 shares of Jabil stock. The stock was sold at an average price of $28.11, for a total value of $391,150.65.

Shares of NYSE:JBL traded down $0.03 on Wednesday, hitting $29.63. 954,600 shares of the company’s stock were exchanged, compared to its average volume of 1,826,612. Jabil Inc has a 12 month low of $23.70 and a 12 month high of $31.77. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.21 and a beta of 0.36. The company has a current ratio of 1.02, a quick ratio of 0.51 and a debt-to-equity ratio of 1.00.

Jabil (NYSE:JBL) last released its earnings results on Thursday, June 14th. The technology company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.90 billion. Jabil had a return on equity of 15.68% and a net margin of 0.89%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. equities research analysts predict that Jabil Inc will post 2.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Wednesday, August 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.08%. Jabil’s payout ratio is currently 17.30%.

Jabil announced that its board has authorized a stock repurchase plan on Thursday, June 14th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 7.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Separately, Zacks Investment Research upgraded Jabil from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $33.00.

Several hedge funds have recently added to or reduced their stakes in the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of Jabil by 0.7% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 330,153 shares of the technology company’s stock valued at $9,132,000 after acquiring an additional 2,200 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Jabil by 0.4% in the first quarter. New York State Common Retirement Fund now owns 535,343 shares of the technology company’s stock valued at $15,380,000 after acquiring an additional 2,325 shares in the last quarter. Vident Investment Advisory LLC raised its holdings in shares of Jabil by 2.3% in the second quarter. Vident Investment Advisory LLC now owns 141,946 shares of the technology company’s stock valued at $3,926,000 after acquiring an additional 3,204 shares in the last quarter. Profund Advisors LLC raised its holdings in shares of Jabil by 15.1% in the first quarter. Profund Advisors LLC now owns 25,138 shares of the technology company’s stock valued at $722,000 after acquiring an additional 3,300 shares in the last quarter. Finally, TD Asset Management Inc. raised its holdings in shares of Jabil by 20.0% in the second quarter. TD Asset Management Inc. now owns 21,600 shares of the technology company’s stock valued at $597,000 after acquiring an additional 3,600 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

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).

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