May Yee Yap Sells 7,877 Shares of Jabil Inc. (NYSE:JBL) Stock

Jabil Inc. (NYSE:JBL) SVP May Yee Yap sold 7,877 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the sale, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jabil Stock Up 1.2 %

JBL stock opened at $138.02 on Friday. The company has a market cap of $16.65 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 1.47 and a beta of 1.40. The business has a 50-day simple moving average of $138.46 and a 200 day simple moving average of $130.58. Jabil Inc. has a 52 week low of $75.48 and a 52 week high of $156.94. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.08.

Jabil (NYSE:JBL) last issued its earnings results on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.01). The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. Sell-side analysts anticipate that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.23%. The ex-dividend date was Wednesday, February 14th. Jabil’s payout ratio is 2.75%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JBL. Cetera Advisor Networks LLC raised its stake in Jabil by 4.7% during the first quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company’s stock worth $246,000 after acquiring an additional 180 shares in the last quarter. Private Advisor Group LLC acquired a new position in Jabil during the first quarter worth about $399,000. Great West Life Assurance Co. Can increased its stake in shares of Jabil by 10.5% in the first quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company’s stock valued at $5,312,000 after buying an additional 7,933 shares during the period. Sei Investments Co. increased its stake in shares of Jabil by 58.6% in the first quarter. Sei Investments Co. now owns 382,918 shares of the technology company’s stock valued at $23,633,000 after buying an additional 141,511 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Jabil by 656.6% in the first quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company’s stock valued at $1,340,000 after buying an additional 18,832 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JBL. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Stifel Nicolaus boosted their target price on shares of Jabil from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, December 15th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Barclays reduced their target price on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. Finally, The Goldman Sachs Group boosted their price target on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and an average price target of $144.50.

Jabil Company Profile

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).