Sergio Cadavid Sells 12,000 Shares of Jabil Inc (JBL) Stock

Jabil Inc (NYSE:JBL) SVP Sergio Cadavid sold 12,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $28.50, for a total transaction of $342,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jabil Inc (JBL) traded down $0.58 on Friday, reaching $27.39. 3,366,216 shares of the company’s stock were exchanged, compared to its average volume of 2,422,562. The company has a current ratio of 0.95, a quick ratio of 0.50 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $4,840.00, a PE ratio of 47.22, a price-to-earnings-growth ratio of 1.15 and a beta of 0.55. Jabil Inc has a 52-week low of $22.88 and a 52-week high of $31.70.

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

A number of equities research analysts have issued reports on the stock. Argus raised shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Monday, December 18th. Raymond James Financial reaffirmed a “hold” rating on shares of Jabil in a research report on Thursday, December 14th. ValuEngine downgraded shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 4th. Zacks Investment Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Finally, UBS Group reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Jabil in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.45.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its stake in Jabil by 17.2% in the second quarter. PNC Financial Services Group Inc. now owns 9,607 shares of the technology company’s stock valued at $281,000 after acquiring an additional 1,413 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Jabil by 8.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 717,446 shares of the technology company’s stock valued at $20,483,000 after buying an additional 58,900 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Jabil during the 3rd quarter valued at approximately $835,000. Jane Street Group LLC purchased a new stake in shares of Jabil during the 3rd quarter valued at approximately $815,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Jabil during the 3rd quarter valued at approximately $1,415,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

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About Jabil

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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