Jabil (NYSE:JBL) Cut to Hold at StockNews.com

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

JBL has been the topic of several other research reports. Argus cut shares of Jabil from a buy rating to a hold rating in a research note on Tuesday, March 19th. The Goldman Sachs Group raised their target price on shares of Jabil from $141.00 to $161.00 and gave the company a buy rating in a research note on Monday, March 4th. Barclays lowered their target price 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. Stifel Nicolaus raised their target price on shares of Jabil from $135.00 to $140.00 and gave the company a buy rating in a research note on Friday, December 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Jabil from $150.00 to $146.00 and set an overweight rating on the stock in a research note on Wednesday, November 29th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Jabil presently has an average rating of Moderate Buy and a consensus target price of $144.50.

Jabil Trading Down 1.5 %

Shares of NYSE:JBL opened at $133.95 on Tuesday. The company has a market cap of $17.09 billion, a PE ratio of 11.50, a P/E/G ratio of 1.42 and a beta of 1.41. The company’s 50-day moving average price is $136.16 and its 200 day moving average price is $128.52. Jabil has a fifty-two week low of $75.48 and a fifty-two week high of $156.94. The company has a quick ratio of 0.73, a current ratio of 1.12 and a debt-to-equity ratio of 1.13.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Thursday, February 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil’s dividend payout ratio is currently 2.75%.

Insider Transactions at Jabil

In other news, CEO Steven D. Borges sold 14,175 shares of Jabil stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $1,842,750.00. Following the transaction, the chief executive officer now directly owns 103,086 shares of the company’s stock, valued at $13,401,180. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Steven D. Borges sold 14,175 shares of Jabil stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $1,842,750.00. Following the transaction, the chief executive officer now directly owns 103,086 shares of the company’s stock, valued at $13,401,180. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gerald Creadon sold 4,000 shares of Jabil stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $127.94, for a total transaction of $511,760.00. Following the completion of the transaction, the executive vice president now directly owns 68,434 shares in the company, valued at $8,755,445.96. The disclosure for this sale can be found here. Insiders have sold a total of 105,658 shares of company stock valued at $13,316,271 over the last ninety days. Corporate insiders own 2.62% of the company’s stock.

Institutional Trading of Jabil

Several institutional investors have recently made changes to their positions in JBL. Cetera Advisor Networks LLC boosted its holdings in shares of 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 purchasing an additional 180 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Jabil during the first quarter worth approximately $399,000. Great West Life Assurance Co. Can boosted its holdings in shares of Jabil by 10.5% during the first quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company’s stock worth $5,312,000 after purchasing an additional 7,933 shares during the period. Sei Investments Co. boosted its holdings in shares of Jabil by 58.6% during the first quarter. Sei Investments Co. now owns 382,918 shares of the technology company’s stock worth $23,633,000 after purchasing an additional 141,511 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Jabil by 656.6% during the first quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company’s stock worth $1,340,000 after purchasing an additional 18,832 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

About Jabil

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).