Insider Selling: Jabil Inc. (NYSE:JBL) Director Sells $3,026,000.00 in Stock

Jabil Inc. (NYSE:JBL) Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares in the company, valued at $18,021,040.40. The trade was a 14.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jabil Trading Up 2.4 %

Jabil stock opened at $162.00 on Friday. The stock has a 50-day moving average of $139.71 and a two-hundred day moving average of $122.50. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. Jabil Inc. has a one year low of $95.85 and a one year high of $162.72. The stock has a market cap of $18.09 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.61 and a beta of 1.23.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. During the same period last year, the business posted $2.60 earnings per share. The firm’s revenue was down 16.6% compared to the same quarter last year. On average, research analysts anticipate that Jabil Inc. will post 8.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Jabil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBL. Van ECK Associates Corp raised its stake in shares of Jabil by 6.0% in the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock worth $195,000 after purchasing an additional 90 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Jabil by 2.9% in the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock worth $387,000 after purchasing an additional 91 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Jabil by 3.5% in the third quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock worth $376,000 after purchasing an additional 105 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Jabil by 30.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock worth $67,000 after purchasing an additional 109 shares during the last quarter. Finally, Richard P Slaughter Associates Inc raised its stake in shares of Jabil by 0.7% in the third quarter. Richard P Slaughter Associates Inc now owns 17,624 shares of the technology company’s stock worth $2,112,000 after purchasing an additional 120 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research report on Monday. UBS Group increased their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. The Goldman Sachs Group raised their price objective on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Bank of America raised their price objective on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.17.

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).