Jabil Inc (NYSE:JBL) EVP Bruce Allan Johnson sold 6,591 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $40.01, for a total transaction of $263,705.91. Following the transaction, the executive vice president now owns 174,968 shares in the company, valued at approximately $7,000,469.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Bruce Allan Johnson also recently made the following trade(s):

  • On Wednesday, September 25th, Bruce Allan Johnson sold 6,000 shares of Jabil stock. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00.

NYSE:JBL traded down $0.47 during mid-day trading on Friday, hitting $39.97. 975,316 shares of the company’s stock were exchanged, compared to its average volume of 1,309,223. Jabil Inc has a one year low of $21.49 and a one year high of $40.71. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.98 and a quick ratio of 0.62. The business has a fifty day moving average price of $38.53 and a 200 day moving average price of $32.37. The company has a market cap of $6.08 billion, a PE ratio of 22.08, a P/E/G ratio of 1.33 and a beta of 0.99.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Tuesday, September 24th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.86 by $0.02. Jabil had a net margin of 1.14% and a return on equity of 15.90%. The business had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.63 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Jabil’s quarterly revenue was up 13.9% on a year-over-year basis. On average, equities analysts forecast that Jabil Inc will post 2.49 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.80%. The ex-dividend date was Thursday, November 14th. Jabil’s payout ratio is currently 17.68%.

Several research firms recently commented on JBL. Bank of America boosted their price objective on shares of Jabil from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Royal Bank of Canada began coverage on shares of Jabil in a research note on Tuesday, November 12th. They set a “sector perform” rating and a $41.00 price objective on the stock. Argus boosted their price objective on shares of Jabil from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Citigroup boosted their price objective on shares of Jabil from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, ValuEngine lowered shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $37.13.

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of Jabil by 2.6% in the second quarter. JPMorgan Chase & Co. now owns 1,112,591 shares of the technology company’s stock worth $34,591,000 after buying an additional 27,815 shares in the last quarter. Dupont Capital Management Corp lifted its stake in shares of Jabil by 10.1% in the second quarter. Dupont Capital Management Corp now owns 13,097 shares of the technology company’s stock worth $414,000 after buying an additional 1,200 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Jabil by 57.1% in the second quarter. Advisory Services Network LLC now owns 1,238 shares of the technology company’s stock worth $39,000 after buying an additional 450 shares in the last quarter. Commerce Bank lifted its stake in shares of Jabil by 183.8% in the second quarter. Commerce Bank now owns 22,399 shares of the technology company’s stock worth $707,000 after buying an additional 14,507 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Jabil by 54.5% in the third quarter. California Public Employees Retirement System now owns 366,703 shares of the technology company’s stock worth $13,117,000 after buying an additional 129,345 shares in the last quarter. Hedge funds and other institutional investors own 89.28% of the company’s stock.

About Jabil

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).

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