Kenneth S. Wilson Sells 15,000 Shares of Jabil Inc. (NYSE:JBL) Stock

Jabil Inc. (NYSE:JBL) CEO Kenneth S. Wilson sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the transaction, the chief executive officer now directly owns 339,725 shares of the company’s stock, valued at $45,591,095. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jabil Price Performance

NYSE:JBL opened at $129.59 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. The firm has a market cap of $15.63 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. The company has a 50 day moving average price of $138.45 and a 200-day moving average price of $131.19. Jabil Inc. has a 1-year low of $75.48 and a 1-year high of $156.94.

Jabil (NYSE:JBL) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $6.91 billion. Equities research analysts forecast that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. Jabil’s dividend payout ratio is currently 2.75%.

Institutional Investors Weigh In On Jabil

Institutional investors have recently added to or reduced their stakes in the stock. Alaska Permanent Fund Corp acquired a new stake in Jabil in the 4th quarter valued at $29,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Jabil in the 4th quarter valued at $32,000. Amundi boosted its stake in Jabil by 419.8% during the 4th quarter. Amundi now owns 421 shares of the technology company’s stock worth $32,000 after purchasing an additional 340 shares during the last quarter. Riverview Trust Co acquired a new stake in Jabil during the 1st quarter worth $33,000. Finally, CVA Family Office LLC acquired a new stake in Jabil during the 4th quarter worth $36,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JBL. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. The Goldman Sachs Group raised their price target on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Barclays reduced their price target on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. Finally, Argus lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.50.

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).