William E. Peters Sells 13,915 Shares of Jabil Inc (JBL) Stock

Jabil Inc (NYSE:JBL) President William E. Peters sold 13,915 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $27.61, for a total value of $384,193.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Jabil Inc (NYSE:JBL) traded down $0.15 on Tuesday, hitting $27.51. The stock had a trading volume of 3,393,514 shares, compared to its average volume of 2,091,120. The company has a market cap of $4,980.00, a P/E ratio of 47.43, a PEG ratio of 1.12 and a beta of 0.55. The company has a current ratio of 0.95, a quick ratio of 0.50 and a debt-to-equity ratio of 0.72. Jabil Inc has a 12-month low of $22.88 and a 12-month high of $31.70.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, December 14th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.01. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.50 billion. Jabil had a return on equity of 12.95% and a net margin of 0.54%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $0.69 EPS. equities research analysts expect that Jabil Inc will post 2.06 EPS for the current year.

Several brokerages have commented on JBL. Goldman Sachs Group downgraded Jabil from a “neutral” rating to a “sell” rating and cut their target price for the stock from $28.00 to $26.00 in a research note on Tuesday, October 10th. Citigroup restated a “sell” rating and issued a $28.00 target price on shares of Jabil in a research note on Thursday, September 28th. Needham & Company LLC restated a “buy” rating and issued a $37.00 target price on shares of Jabil in a research note on Wednesday, September 27th. Zacks Investment Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Finally, UBS Group reiterated a “buy” rating and set a $35.00 price target on shares of Jabil in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $32.45.

Several institutional investors and hedge funds have recently modified their holdings of JBL. Schwab Charles Investment Management Inc. boosted its position in shares of Jabil by 3.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 744,390 shares of the technology company’s stock valued at $21,729,000 after acquiring an additional 25,047 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Jabil by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock valued at $177,000 after buying an additional 547 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Jabil by 10.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 842,606 shares of the technology company’s stock valued at $24,596,000 after buying an additional 78,865 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Jabil by 64.4% during the 2nd quarter. Schroder Investment Management Group now owns 98,742 shares of the technology company’s stock valued at $2,867,000 after buying an additional 38,681 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK raised its holdings in shares of Jabil by 94.1% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 42,349 shares of the technology company’s stock valued at $1,236,000 after buying an additional 20,531 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

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Jabil Company Profile

Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.

Insider Buying and Selling by Quarter for Jabil (NYSE:JBL)

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