Insider Selling: Jabil Inc (NYSE:JBL) SVP Sells $463,811.04 in Stock

Jabil Inc (NYSE:JBL) SVP Daryn G. Smith sold 11,748 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $39.48, for a total value of $463,811.04. Following the sale, the senior vice president now owns 176,588 shares of the company’s stock, valued at approximately $6,971,694.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of NYSE:JBL opened at $38.69 on Friday. Jabil Inc has a one year low of $21.49 and a one year high of $39.72. The stock has a fifty day moving average of $36.63 and a 200-day moving average of $30.97. The company has a market capitalization of $5.97 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.62 and a current ratio of 0.98.

Jabil (NYSE:JBL) last released its earnings results on Tuesday, September 24th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.02. The company had revenue of $6.57 billion during the quarter, compared to analyst estimates of $6.63 billion. Jabil had a return on equity of 15.90% and a net margin of 1.14%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 earnings per share. As a group, research analysts forecast that Jabil Inc will post 2.49 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.83%. Jabil’s payout ratio is currently 17.68%.

A number of equities research analysts have recently commented on JBL shares. Standpoint Research downgraded Jabil from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Citigroup increased their price objective on Jabil from $36.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Royal Bank of Canada started coverage on Jabil in a research report on Tuesday. They set a “sector perform” rating and a $41.00 price objective for the company. Bank of America increased their price objective on Jabil from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Finally, Argus increased their price objective on Jabil from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Jabil currently has an average rating of “Hold” and an average target price of $37.13.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBL. Arcadia Investment Management Corp MI purchased a new stake in shares of Jabil in the second quarter valued at $28,000. Private Capital Group LLC lifted its holdings in shares of Jabil by 1,804.5% in the second quarter. Private Capital Group LLC now owns 1,276 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,209 shares in the last quarter. Advisory Services Network LLC lifted its holdings 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 valued at $39,000 after purchasing an additional 450 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Jabil in the second quarter valued at $42,000. Finally, Doyle Wealth Management purchased a new stake in shares of Jabil in the second quarter valued at $93,000. Institutional investors own 89.09% 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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Insider Buying and Selling by Quarter for Jabil (NYSE:JBL)

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