Frederic E. Mccoy Sells 4,000 Shares of Jabil Inc. (NYSE:JBL) Stock

Jabil Inc. (NYSE:JBL) EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jabil Trading Up 0.6 %

NYSE:JBL traded up $0.88 during mid-day trading on Tuesday, hitting $152.90. The company had a trading volume of 1,613,123 shares, compared to its average volume of 1,471,756. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The firm has a market cap of $17.08 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.58 and a beta of 1.23. The business’s fifty day moving average is $135.92 and its two-hundred day moving average is $120.45.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same period last year, the company posted $2.60 EPS. Jabil’s revenue for the quarter was down 16.6% on a year-over-year basis. As a group, research analysts expect that Jabil Inc. will post 7.89 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.21%. The ex-dividend date was Friday, November 15th. Jabil’s payout ratio is presently 3.07%.

Analyst Ratings Changes

A number of brokerages have commented on JBL. Bank of America increased their price objective on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. UBS Group raised their price target on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. StockNews.com downgraded Jabil from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 19th. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, Barclays boosted their price objective on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $153.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Jabil by 11.3% during the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after purchasing an additional 520,672 shares during the period. Primecap Management Co. CA lifted its stake in Jabil by 0.3% in the third quarter. Primecap Management Co. CA now owns 3,692,560 shares of the technology company’s stock valued at $442,479,000 after buying an additional 9,685 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Jabil by 12,251.7% in the third quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock valued at $264,391,000 after buying an additional 2,188,521 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Jabil by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,636,737 shares of the technology company’s stock worth $178,058,000 after acquiring an additional 106,808 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Jabil by 195.8% during the second quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock worth $115,404,000 after acquiring an additional 702,199 shares during the period. 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).