Insider Selling: Jabil Inc (JBL) President Sells 13,915 Shares of Stock

Jabil Inc (NYSE:JBL) President William E. Peters sold 13,915 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $26.00, for a total value of $361,790.00. Following the completion of the transaction, the president now directly owns 608,499 shares of the company’s stock, valued at $15,820,974. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

William E. Peters also recently made the following trade(s):

  • On Friday, January 12th, William E. Peters sold 13,915 shares of Jabil stock. The shares were sold at an average price of $27.61, for a total value of $384,193.15.

Jabil Inc (NYSE:JBL) traded down $0.90 during trading on Monday, hitting $24.38. The stock had a trading volume of 2,830,805 shares, compared to its average volume of 2,365,200. The stock has a market capitalization of $4,429.96, a PE ratio of 42.77, a PEG ratio of 1.02 and a beta of 0.53. Jabil Inc has a 1-year low of $24.11 and a 1-year high of $31.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.50.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Wednesday, February 14th. Jabil’s dividend payout ratio (DPR) is presently 56.14%.

JBL has been the subject of a number of analyst reports. UBS Group reissued a “buy” rating and issued a $35.00 price target on shares of Jabil in a report on Tuesday, October 17th. Zacks Investment Research raised Jabil from a “sell” rating to a “hold” rating in a report on Friday, January 26th. Goldman Sachs Group downgraded Jabil from a “neutral” rating to a “sell” rating and decreased their price target for the company from $28.00 to $26.00 in a report on Tuesday, October 10th. Raymond James Financial reissued a “hold” rating on shares of Jabil in a report on Thursday, December 14th. Finally, ValuEngine downgraded Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, December 4th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Jabil presently has a consensus rating of “Hold” and a consensus price target of $32.27.

Several institutional investors have recently bought and sold shares of JBL. IHT Wealth Management LLC increased its position in shares of Jabil by 142.6% in the second quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock valued at $159,000 after buying an additional 211 shares in the last quarter. Advisor Group Inc. increased its position in shares of Jabil by 68.2% in the second quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock valued at $168,000 after buying an additional 2,337 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of Jabil in the fourth quarter valued at approximately $215,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Jabil by 47.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,907 shares of the technology company’s stock valued at $234,000 after buying an additional 2,853 shares in the last quarter. Finally, ETRADE Capital Management LLC purchased a new stake in shares of Jabil in the third quarter valued at approximately $238,000. Institutional investors and hedge funds own 96.79% 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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