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.
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.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/19/sergio-cadavid-sells-12000-shares-of-jabil-inc-jbl-stock.html.
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.
Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.