Jabil Inc (NYSE:JBL) Director Thomas A. Sansone sold 15,000 shares of Jabil stock in a transaction on Friday, February 15th. The shares were sold at an average price of $28.50, for a total value of $427,500.00. Following the completion of the transaction, the director now owns 192,988 shares of the company’s stock, valued at $5,500,158. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
NYSE:JBL opened at $28.57 on Thursday. The firm has a market capitalization of $4.40 billion, a P/E ratio of 11.74, a P/E/G ratio of 0.97 and a beta of 0.60. Jabil Inc has a 12-month low of $21.49 and a 12-month high of $31.77. The company has a quick ratio of 0.62, a current ratio of 1.02 and a debt-to-equity ratio of 1.31.
Jabil (NYSE:JBL) last posted its quarterly earnings results on Tuesday, December 18th. The technology company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.21. Jabil had a return on equity of 19.52% and a net margin of 0.63%. The company had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same period last year, the firm earned $0.80 earnings per share. Equities research analysts predict that Jabil Inc will post 2.45 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, February 14th. Jabil’s dividend payout ratio is presently 14.75%.
A number of institutional investors have recently bought and sold shares of JBL. First Hawaiian Bank acquired a new stake in Jabil in the third quarter valued at $141,000. Oakbrook Investments LLC raised its stake in Jabil by 25.1% in the third quarter. Oakbrook Investments LLC now owns 19,950 shares of the technology company’s stock valued at $540,000 after buying an additional 4,000 shares in the last quarter. Strs Ohio raised its stake in Jabil by 18.1% in the third quarter. Strs Ohio now owns 1,314,498 shares of the technology company’s stock valued at $35,596,000 after buying an additional 201,303 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Jabil by 43.9% in the third quarter. Russell Investments Group Ltd. now owns 399,537 shares of the technology company’s stock valued at $10,826,000 after buying an additional 121,982 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Jabil by 64.6% in the third quarter. Assenagon Asset Management S.A. now owns 257,910 shares of the technology company’s stock valued at $6,984,000 after buying an additional 101,179 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.
A number of research analysts recently issued reports on JBL shares. Zacks Investment Research upgraded Jabil from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 9th. Goldman Sachs Group upgraded Jabil from a “sell” rating to a “neutral” rating and set a $25.00 target price for the company in a report on Sunday, November 11th. Wolfe Research started coverage on Jabil in a report on Tuesday, December 11th. They issued a “market perform” rating for the company. ValuEngine lowered Jabil from a “hold” rating to a “sell” rating in a report on Monday, November 12th. Finally, Citigroup decreased their target price on Jabil to $24.00 and set a “sell” rating for the company in a report on Tuesday, November 27th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Jabil has a consensus rating of “Hold” and a consensus price target of $28.20.
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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).
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