Steven A. Raymund Sells 20,000 Shares of Jabil Inc. (NYSE:JBL) Stock

Jabil Inc. (NYSE:JBLGet Free Report) Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the sale, the director now owns 119,108 shares in the company, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jabil Stock Up 1.5 %

Shares of NYSE JBL opened at $158.25 on Thursday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $159.60. The firm has a market cap of $17.68 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 1.58 and a beta of 1.23. 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 simple moving average is $139.30 and its 200-day simple moving average is $122.25.

Jabil (NYSE:JBLGet Free Report) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 42.64% and a net margin of 4.81%. 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 previous year, the company earned $2.60 earnings per share. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. As a group, equities analysts anticipate that Jabil Inc. will post 7.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JBL has been the topic of several analyst reports. The Goldman Sachs Group raised their price objective on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Bank of America lifted their target price on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. UBS Group lifted their target price on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Barclays lifted their target price on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Finally, StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $153.17.

Read Our Latest Research Report on JBL

Institutional Trading of Jabil

Hedge funds and other institutional investors have recently bought and sold shares of the company. Davis Investment Partners LLC bought a new stake in Jabil in the fourth quarter valued at about $1,433,000. Nicola Wealth Management LTD. increased its holdings in Jabil by 54.9% in the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock valued at $4,733,000 after buying an additional 14,000 shares during the last quarter. Foster & Motley Inc. increased its holdings in Jabil by 8.7% in the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock valued at $6,252,000 after buying an additional 4,181 shares during the last quarter. Empowered Funds LLC increased its holdings in Jabil by 11.8% in the third quarter. Empowered Funds LLC now owns 145,682 shares of the technology company’s stock valued at $17,457,000 after buying an additional 15,413 shares during the last quarter. Finally, Meyer Handelman Co. bought a new stake in Jabil in the fourth quarter valued at about $7,334,000. 93.39% of the stock is owned by institutional investors.

About Jabil

(Get Free Report)

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).

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Insider Buying and Selling by Quarter for Jabil (NYSE:JBL)

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