Frederic E. Mccoy Sells 4,000 Shares of Jabil Inc. (NYSE:JBL) Stock

Jabil Inc. (NYSE:JBL) EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jabil Price Performance

Jabil stock opened at $154.09 on Thursday. The stock has a market capitalization of $17.21 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.58 and a beta of 1.23. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $156.94. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The stock’s 50 day moving average price is $137.08 and its two-hundred day moving average price is $120.97.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period in the prior year, the firm earned $2.60 earnings per share. Jabil’s revenue was down 16.6% on a year-over-year basis. On average, equities analysts predict that Jabil Inc. will post 7.89 earnings per share for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Friday, November 15th. Jabil’s dividend payout ratio (DPR) is currently 3.07%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBL. Everence Capital Management Inc. bought a new position in shares of Jabil in the 4th quarter worth $307,000. GAMMA Investing LLC lifted its stake in shares of Jabil by 83.5% in the fourth quarter. GAMMA Investing LLC now owns 2,998 shares of the technology company’s stock valued at $431,000 after buying an additional 1,364 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of Jabil by 92.8% during the third quarter. Synovus Financial Corp now owns 18,056 shares of the technology company’s stock valued at $2,164,000 after buying an additional 8,693 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Jabil during the third quarter worth about $347,000. Finally, Sanctuary Advisors LLC raised its holdings in shares of Jabil by 1.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 46,101 shares of the technology company’s stock worth $6,045,000 after acquiring an additional 573 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the topic of several recent research reports. Barclays lifted their target price on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. The Goldman Sachs Group lifted their price objective on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. StockNews.com cut Jabil from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 19th. Stifel Nicolaus restated a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Finally, Bank of America upped their price objective on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $153.17.

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).