Steven A. Raymund Sells 20,000 Shares of Jabil Inc. (NYSE:JBL) Stock

by · The Cerbat Gem

Jabil Inc. (NYSE:JBL – Get Free Report) Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the transaction, the director now directly owns 139,108 shares in the company, valued at approximately $17,346,767.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jabil Trading Up 0.1 %

Shares of JBL traded up $0.07 during midday trading on Monday, reaching $124.79. The company had a trading volume of 742,314 shares, compared to its average volume of 1,464,482. The firm has a 50 day simple moving average of $114.27 and a 200-day simple moving average of $114.79. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market cap of $14.16 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $156.94.

Jabil (NYSE:JBL – Get Free Report) last issued its earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. Jabil’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.34 earnings per share. Research analysts forecast that Jabil Inc. will post 7.84 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. Jabil’s dividend payout ratio is currently 2.90%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on JBL shares. Barclays lifted their price objective on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Stifel Nicolaus lifted their price target on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Bank of America increased their price objective on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Read Our Latest Research Report on JBL

Hedge Funds Weigh In On Jabil

Several large investors have recently modified their holdings of JBL. HHM Wealth Advisors LLC purchased a new position in shares of Jabil during the 2nd quarter worth approximately $28,000. ORG Partners LLC acquired a new stake in shares of Jabil in the first quarter valued at $29,000. Innealta Capital LLC purchased a new stake in shares of Jabil in the 2nd quarter valued at $31,000. Family Firm Inc. acquired a new position in Jabil during the 2nd quarter worth about $37,000. Finally, Matrix Trust Co boosted its holdings in Jabil by 135.4% during the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after acquiring an additional 214 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Company Profile

(Get Free Report)

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).

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