Insider Selling: Jabil Inc. (NYSE:JBL) EVP Sells 1,250 Shares of Stock

Jabil Inc. (NYSE:JBL) EVP Frederic E. Mccoy sold 1,250 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the sale, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jabil Price Performance

JBL stock traded down $3.15 during trading on Wednesday, hitting $114.92. The stock had a trading volume of 1,215,605 shares, compared to its average volume of 1,467,578. The company’s 50 day moving average price is $115.92 and its two-hundred day moving average price is $126.36. Jabil Inc. has a 1-year low of $100.18 and a 1-year high of $156.94. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 2.06 and a beta of 1.27. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.53 billion. During the same quarter in the previous year, the company posted $1.85 EPS. The firm’s revenue for the quarter was down 20.2% on a year-over-year basis. On average, sell-side analysts forecast that Jabil Inc. will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on JBL shares. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. reduced their target price on Jabil from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Monday, June 17th. UBS Group reduced their target price on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Bank of America reduced their target price on Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a report on Friday, June 21st. Finally, Argus downgraded Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and a consensus target price of $142.63.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SteelPeak Wealth LLC grew its holdings in Jabil by 11.9% in the 2nd quarter. SteelPeak Wealth LLC now owns 17,396 shares of the technology company’s stock valued at $1,893,000 after buying an additional 1,847 shares during the period. Czech National Bank grew its holdings in Jabil by 2.4% in the 2nd quarter. Czech National Bank now owns 22,981 shares of the technology company’s stock valued at $2,500,000 after buying an additional 542 shares during the period. MJP Associates Inc. ADV grew its holdings in Jabil by 41.0% in the 2nd quarter. MJP Associates Inc. ADV now owns 8,319 shares of the technology company’s stock valued at $905,000 after buying an additional 2,417 shares during the period. Gateway Investment Advisers LLC purchased a new stake in Jabil in the 2nd quarter valued at about $330,000. Finally, Twelve Points Wealth Management LLC grew its holdings in Jabil by 6.4% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 16,714 shares of the technology company’s stock valued at $1,818,000 after buying an additional 1,010 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Company Profile

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).