Mark T. Mondello Sells 30,000 Shares of Jabil Inc (JBL) Stock
Jabil Inc (NYSE:JBL) CEO Mark T. Mondello sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $28.48, for a total value of $854,400.00. Following the transaction, the chief executive officer now owns 1,836,889 shares in the company, valued at approximately $52,314,598.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Jabil Inc (NYSE JBL) opened at $28.19 on Wednesday. The stock has a market capitalization of $5,048.46, a P/E ratio of 15.37, a P/E/G ratio of 1.07 and a beta of 0.55. Jabil Inc has a 12-month low of $20.44 and a 12-month high of $31.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.54.
Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, September 27th. The technology company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Jabil had a return on equity of 14.47% and a net margin of 0.68%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. equities analysts anticipate that Jabil Inc will post 2.22 earnings per share for the current fiscal year.
Several analysts recently weighed in on JBL shares. ValuEngine upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th. Citigroup restated a “sell” rating and issued a $28.00 price target on shares of Jabil in a research note on Thursday, September 28th. Needham & Company LLC restated a “buy” rating and issued a $37.00 price target on shares of Jabil in a research note on Friday, September 1st. Zacks Investment Research upgraded Jabil from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a research note on Monday, October 2nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $30.00 price target on shares of Jabil in a research note on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $30.50.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Jabil by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 13,967,548 shares of the technology company’s stock valued at $407,712,000 after acquiring an additional 134,408 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Jabil by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,980,736 shares of the technology company’s stock valued at $170,778,000 after acquiring an additional 29,530 shares in the last quarter. AJO LP lifted its position in Jabil by 7,383.3% in the 2nd quarter. AJO LP now owns 3,512,607 shares of the technology company’s stock valued at $102,533,000 after acquiring an additional 3,465,668 shares in the last quarter. LSV Asset Management lifted its position in Jabil by 11.8% in the 2nd quarter. LSV Asset Management now owns 3,071,682 shares of the technology company’s stock valued at $89,662,000 after acquiring an additional 323,845 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Jabil by 15.6% in the 2nd quarter. Northern Trust Corp now owns 2,004,392 shares of the technology company’s stock valued at $58,508,000 after acquiring an additional 269,985 shares in the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.
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.
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