Jabil (NYSE:JBL) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Jabil (NYSE:JBL) from a hold rating to a buy rating in a report released on Tuesday morning.

A number of other equities analysts also recently issued reports on the company. The Goldman Sachs Group increased their price objective on Jabil from $141.00 to $161.00 and gave the stock a buy rating in a report on Monday, March 4th. Barclays dropped their price objective on shares of Jabil from $151.00 to $149.00 and set an overweight rating on the stock in a research note on Monday, March 18th. Finally, Argus lowered shares of Jabil from a buy rating to a hold rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $144.50.

Jabil Stock Up 1.5 %

JBL opened at $120.89 on Tuesday. The business’s fifty day simple moving average is $137.25 and its 200 day simple moving average is $131.02. Jabil has a 52 week low of $75.48 and a 52 week high of $156.94. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. The stock has a market cap of $14.58 billion, a PE ratio of 10.38, a P/E/G ratio of 1.26 and a beta of 1.40.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. As a group, research analysts expect that Jabil will post 7.83 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is currently 2.75%.

Insider Activity at Jabil

In other Jabil news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director David M. Stout sold 31,300 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $123.12, for a total value of $3,853,656.00. Following the sale, the director now owns 67,300 shares in the company, valued at $8,285,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP May Yee Yap sold 7,877 shares of the business’s stock in a transaction on 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 sale, the senior vice president now owns 29,006 shares of the company’s stock, valued at $4,050,687.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,177 shares of company stock valued at $13,678,039. 2.62% of the stock is owned by corporate insiders.

Institutional Trading of Jabil

Large investors have recently modified their holdings of the company. CWM LLC boosted its position in Jabil by 11.2% in the third quarter. CWM LLC now owns 2,767 shares of the technology company’s stock worth $351,000 after purchasing an additional 278 shares during the last quarter. HB Wealth Management LLC bought a new stake in Jabil during the third quarter valued at approximately $267,000. SG Americas Securities LLC increased its holdings in Jabil by 106.9% during the third quarter. SG Americas Securities LLC now owns 19,578 shares of the technology company’s stock valued at $2,484,000 after buying an additional 10,114 shares during the last quarter. Mach 1 Financial Group LLC bought a new position in Jabil in the third quarter worth approximately $220,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Jabil during the 3rd quarter worth $334,000. Institutional investors own 93.39% of the company’s stock.

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).