Jabil, Inc. (NYSE:JBL – Get Free Report) EVP Matthew Crowley sold 2,656 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $210.31, for a total transaction of $558,583.36. Following the sale, the executive vice president owned 62,613 shares of the company’s stock, valued at $13,168,140.03. This trade represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Matthew Crowley also recently made the following trade(s):
- On Tuesday, October 21st, Matthew Crowley sold 3,877 shares of Jabil stock. The stock was sold at an average price of $202.59, for a total value of $785,441.43.
Jabil Price Performance
Shares of NYSE:JBL opened at $198.78 on Thursday. The company has a market cap of $21.24 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 1.43 and a beta of 1.26. The business has a 50 day moving average price of $210.36 and a 200 day moving average price of $192.64. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 1.57. Jabil, Inc. has a twelve month low of $108.66 and a twelve month high of $237.14.
Jabil Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Jabil’s dividend payout ratio is currently 5.37%.
Analysts Set New Price Targets
Several research firms recently weighed in on JBL. Bank of America increased their target price on shares of Jabil from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Raymond James Financial set a $260.00 price target on Jabil in a report on Thursday, September 25th. JPMorgan Chase & Co. lifted their price objective on Jabil from $214.00 to $256.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research note on Tuesday, October 14th. Finally, Barclays lifted their price target on shares of Jabil from $223.00 to $267.00 and gave the stock an “overweight” rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.43.
Check Out Our Latest Stock Analysis on JBL
Institutional Trading of Jabil
Institutional investors have recently bought and sold shares of the stock. GFG Capital LLC acquired a new position in Jabil during the second quarter worth $26,000. True Wealth Design LLC boosted its stake in shares of Jabil by 250.0% in the 3rd quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock valued at $30,000 after purchasing an additional 100 shares in the last quarter. Traub Capital Management LLC bought a new stake in shares of Jabil in the 2nd quarter worth about $33,000. Assetmark Inc. increased its position in shares of Jabil by 45.8% during the 2nd quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock worth $34,000 after purchasing an additional 49 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its holdings in Jabil by 757.1% during the 2nd quarter. Westside Investment Management Inc. now owns 180 shares of the technology company’s stock valued at $39,000 after purchasing an additional 159 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Company Profile
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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