Jabil Inc. (NYSE: JBL) CEO Kenneth S. Wilson sold 10,000 shares of Jabil in a trade that took place on Monday, October 25. The shares were sold at an average price of $ 62.44, for a total trade of $ 624,400.00. The transaction was disclosed in a file with the SEC, accessible through this hyperlink.
JBL shares traded up $ 0.60 on Monday, reaching $ 62.22. 507,968 shares of the company were traded, for an average volume of 885,903. The company has a market capitalization of $ 9.07 billion, a price / earnings ratio of 16.12, a P / E / ratio. G of 1.04 and a beta of 1.36. The company has a 50-day moving average price of $ 61.09 and a 200-day moving average price of $ 57.70. The company has a debt to equity ratio of 1.34, a quick ratio of 0.64, and a current ratio of 1.04. Jabil Inc. has a one-year low at $ 31.41 and a one-year high at $ 64.32.
Jabil (NYSE: JBL) last released its quarterly results on Tuesday, September 28. The tech company reported earnings per share of $ 1.44 for the quarter, beating the consensus estimate of $ 1.38 by $ 0.06. Jabil had a net margin of 2.02% and a return on equity of 29.25%. The company posted revenue of $ 7.40 billion in the quarter, compared to $ 7.67 billion expected by analysts. In the same quarter of the previous year, the company posted EPS of $ 0.44. The company’s revenue for the quarter increased 1.4% year-over-year. As a group, stock analysts predict that Jabil Inc. will post earnings per share of 4.57 for the current year.
Jabil announced that its board of directors authorized a share buyback plan on Friday, July 23 that allows the company to repurchase $ 1.00 billion of outstanding shares. This buyback authorization allows the tech company to buy back up to 11.9% of its shares through open market purchases. Share buyback plans are often a sign that company management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 1. Shareholders of record on Monday, November 15 will receive a dividend of $ 0.08 per share. The ex-dividend date of this dividend is Friday, November 12. This represents a dividend of $ 0.32 on an annualized basis and a return of 0.51%. Jabil’s dividend payout ratio (DPR) is currently 91.43%.
Several institutional investors and hedge funds have recently changed their positions in the company. Vaughan Nelson Investment Management LP purchased a new position in Jabil shares in the second quarter valued at $ 48,153,000. Point72 Asset Management LP increased its position in Jabil by 27.7% during the 1st quarter. Point72 Asset Management LP now owns 3,206,100 shares of the technology company valued at $ 167,230,000 after purchasing an additional 695,900 shares in the last quarter. Millennium Management LLC increased its stake in Jabil shares by 480.4% in the 1st quarter. Millennium Management LLC now owns 800,265 shares of the technology company valued at $ 41,742,000 after acquiring an additional 662,376 shares during the period. Great Lakes Advisors LLC acquired a new stake in Jabil shares in the second quarter valued at $ 23,707,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Jabil shares in the 1st quarter valued at $ 17,208,000. Institutional investors and hedge funds hold 88.93% of the company’s shares.
Several stock analysts have published reports on the stock. Citigroup raised its price target for Jabil shares from $ 80.00 to $ 90.00 and gave the stock a “buy” rating in a report released on Thursday, September 30. Raymond James raised his price target on Jabil shares from $ 66.00 to $ 70.00 and gave the company a “strong buy” rating in a report released Thursday, September 30. Finally, Stifel Nicolaus downgraded Jabil’s shares from a ‘keep’ rating to a ‘buy’ rating and raised their price target for the company from $ 63.00 to $ 68.00 in a report released on Thursday. September 30. Two equity research analysts rated the stock with a hold rating, four gave a buy rating, and two gave the stock a strong buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $ 64.22.
Jabil Company Profile
Jabil, Inc is committed to providing electronics manufacturing services and solutions. It provides electronics design, production, product management and repair services to companies in the automotive and transportation, capital goods, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industry and energy, mobility, networks and telecommunications industries, packaging, outlets and printing.
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