Jabil (NYSE:JBL) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Jabil (NYSE:JBL) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

Other equities research analysts have also issued reports about the stock. Argus lowered shares of Jabil from a buy rating to a hold rating in a report on Tuesday, March 19th. The Goldman Sachs Group increased their price objective on shares of Jabil from $141.00 to $161.00 and gave the company a buy rating in a report on Monday, March 4th. Finally, Barclays cut their price objective on shares of Jabil from $151.00 to $149.00 and set an overweight rating for the company in a report on Monday, March 18th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $144.50.

Jabil Trading Down 0.2 %

Jabil stock opened at $118.27 on Tuesday. The firm has a 50 day moving average of $135.97 and a 200 day moving average of $130.75. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 1.28 and a beta of 1.40. Jabil has a 12-month low of $75.48 and a 12-month high of $156.94. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.91 billion. As a group, research analysts predict that Jabil will post 7.83 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is presently 2.75%.

Insider Activity at Jabil

In related news, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the sale, the senior vice president now directly owns 29,006 shares in the company, valued at $4,050,687.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Chairman Mark T. Mondello sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the sale, the chairman now directly owns 1,809,194 shares in the company, valued at $228,121,271.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the sale, the senior vice president now owns 29,006 shares of the company’s stock, valued at $4,050,687.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 107,177 shares of company stock valued at $13,678,039. 2.62% of the stock is owned by corporate insiders.

Institutional Trading of Jabil

Several institutional investors and hedge funds have recently made changes to their positions in JBL. CWM LLC lifted its position in shares of Jabil by 11.2% during the third quarter. CWM LLC now owns 2,767 shares of the technology company’s stock worth $351,000 after purchasing an additional 278 shares during the last quarter. HB Wealth Management LLC bought a new stake in shares of Jabil during the third quarter worth $267,000. SG Americas Securities LLC lifted its position in shares of Jabil by 106.9% during the third quarter. SG Americas Securities LLC now owns 19,578 shares of the technology company’s stock worth $2,484,000 after purchasing an additional 10,114 shares during the last quarter. Mach 1 Financial Group LLC bought a new stake in shares of Jabil during the third quarter worth $220,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Jabil during the third quarter worth $334,000. 93.39% of the stock is currently owned by institutional investors.

About 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).