Jabil, Inc. (NYSE:JBL – Get Free Report) EVP Matthew Crowley sold 727 shares of Jabil stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $211.60, for a total value of $153,833.20. Following the sale, the executive vice president directly owned 57,536 shares of the company’s stock, valued at $12,174,617.60. This trade represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Matthew Crowley also recently made the following trade(s):
- On Tuesday, October 21st, Matthew Crowley sold 3,877 shares of Jabil stock. The shares were sold at an average price of $202.59, for a total value of $785,441.43.
- On Monday, October 20th, Matthew Crowley sold 2,656 shares of Jabil stock. The stock was sold at an average price of $210.31, for a total value of $558,583.36.
Jabil Stock Performance
Shares of Jabil stock opened at $221.69 on Friday. 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 52 week low of $108.66 and a 52 week high of $237.14. The firm’s 50 day moving average is $210.87 and its two-hundred day moving average is $196.67. The firm has a market capitalization of $23.69 billion, a P/E ratio of 37.20, a P/E/G ratio of 1.58 and a beta of 1.26.
Jabil Dividend Announcement
The company also recently announced 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 is Monday, November 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s payout ratio is 5.37%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBL. MOKAN Wealth Management Inc. grew its holdings in shares of Jabil by 9.0% during the third quarter. MOKAN Wealth Management Inc. now owns 1,095 shares of the technology company’s stock worth $238,000 after buying an additional 90 shares in the last quarter. Simplicity Wealth LLC lifted its stake in shares of Jabil by 55.3% during the third quarter. Simplicity Wealth LLC now owns 1,854 shares of the technology company’s stock valued at $403,000 after buying an additional 660 shares during the period. Rakuten Investment Management Inc. acquired a new stake in Jabil during the third quarter worth approximately $13,319,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Jabil by 15.5% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 103,892 shares of the technology company’s stock worth $22,562,000 after acquiring an additional 13,980 shares during the period. Finally, Chicago Partners Investment Group LLC raised its holdings in Jabil by 18.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,741 shares of the technology company’s stock valued at $588,000 after acquiring an additional 427 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
JBL has been the topic of several research analyst reports. Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. UBS Group set a $241.00 price target on Jabil in a report on Sunday, September 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jabil in a research note on Tuesday, October 14th. Barclays boosted their target price on Jabil from $223.00 to $267.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Finally, Bank of America upped their price target on shares of Jabil from $245.00 to $255.00 and gave the company a “buy” rating in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Jabil currently has an average rating of “Moderate Buy” and a consensus target price of $248.43.
Get Our Latest Stock Report on Jabil
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).
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