Jabil Inc (NYSE:JBL) Director Timothy L. Main sold 15,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $41.77, for a total transaction of $626,550.00. Following the completion of the sale, the director now owns 307,583 shares of the company’s stock, valued at $12,847,741.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of JBL opened at $42.73 on Thursday. The business has a 50-day moving average of $40.74 and a 200-day moving average of $34.79. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.97 and a quick ratio of 0.62. Jabil Inc has a 1 year low of $24.50 and a 1 year high of $44.20. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00.
Jabil (NYSE:JBL) last announced its earnings results on Tuesday, December 17th. The technology company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. Jabil had a net margin of 0.78% and a return on equity of 10.91%. The business had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter last year, the firm earned $0.90 earnings per share. Jabil’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Jabil Inc will post 2.24 EPS for the current year.
Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Jabil from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Royal Bank of Canada lifted their price objective on Jabil to $44.00 and gave the stock a “market perform” rating in a report on Wednesday, December 18th. Stifel Nicolaus raised their price objective on shares of Jabil from $34.00 to $43.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Standpoint Research cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Citigroup upped their price objective on Jabil from $36.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $38.63.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBL. Charles Schwab Investment Management Inc. boosted its position in shares of Jabil by 2.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 850,455 shares of the technology company’s stock valued at $26,875,000 after buying an additional 22,183 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Jabil by 8.8% in the 2nd quarter. M&T Bank Corp now owns 20,709 shares of the technology company’s stock valued at $655,000 after acquiring an additional 1,681 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Jabil in the 2nd quarter valued at about $1,770,000. GAM Holding AG bought a new stake in shares of Jabil during the 2nd quarter valued at about $2,161,000. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Jabil by 48.5% during the second quarter. Canada Pension Plan Investment Board now owns 129,300 shares of the technology company’s stock worth $4,086,000 after purchasing an additional 42,220 shares in the last quarter. 89.60% of the stock is owned by institutional investors and hedge funds.
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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