Jabil Inc. (NYSE:JBL) CEO Michael Dastoor Sells 10,000 Shares

Jabil Inc. (NYSE:JBL) CEO Michael Dastoor sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the transaction, the chief executive officer now owns 221,693 shares of the company’s stock, valued at approximately $37,665,640.70. This trade represents a 4.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jabil Stock Performance

NYSE:JBL opened at $166.48 on Friday. The firm’s 50-day moving average is $140.67 and its 200-day moving average is $144.88. The company has a market cap of $17.87 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.65 and a beta of 1.11. 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 52-week low of $95.85 and a 52-week high of $174.80.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter in the prior year, the firm posted $1.68 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.19%. Jabil’s dividend payout ratio (DPR) is currently 7.66%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JBL. JPMorgan Chase & Co. decreased their price target on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a report on Friday, April 18th. UBS Group boosted their target price on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. The Goldman Sachs Group dropped their price target on Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, Barclays upped their price objective on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.50.

Institutional Investors Weigh In On Jabil

A number of institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in shares of Jabil by 12.9% during the 1st quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company’s stock worth $892,096,000 after acquiring an additional 747,423 shares during the period. FMR LLC lifted its stake in Jabil by 8.1% during the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company’s stock worth $796,220,000 after purchasing an additional 416,841 shares during the period. Geode Capital Management LLC boosted its holdings in Jabil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,810,519 shares of the technology company’s stock valued at $404,024,000 after purchasing an additional 34,574 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Jabil by 15.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,173,095 shares of the technology company’s stock valued at $295,693,000 after purchasing an additional 295,496 shares during the period. Finally, Norges Bank bought a new position in shares of Jabil during the 4th quarter worth approximately $218,430,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

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).