Francis Mckay Sells 11,755 Shares of Jabil Inc. (NYSE:JBL) Stock

Jabil Inc. (NYSE:JBL) SVP Francis Mckay sold 11,755 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the sale, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at $5,051,816.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Jabil Price Performance

NYSE JBL opened at $127.67 on Friday. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The stock has a market cap of $14.41 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The company has a 50-day moving average price of $115.99 and a two-hundred day moving average price of $114.72.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same quarter in the prior year, the firm earned $2.34 EPS. Jabil’s quarterly revenue was down 17.7% on a year-over-year basis. Analysts forecast that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.25%. The ex-dividend date is Friday, November 15th. Jabil’s dividend payout ratio (DPR) is 2.90%.

Analyst Ratings Changes

JBL has been the subject of several research analyst reports. Barclays boosted their target price on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Stifel Nicolaus boosted their price objective on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Bank of America boosted their price objective on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. ORG Partners LLC acquired a new stake in shares of Jabil in the 1st quarter worth approximately $29,000. HHM Wealth Advisors LLC acquired a new stake in shares of Jabil in the 2nd quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new stake in shares of Jabil in the 3rd quarter worth approximately $32,000. Innealta Capital LLC acquired a new stake in shares of Jabil in the 2nd quarter worth approximately $31,000. Finally, Family Firm Inc. acquired a new stake in shares of Jabil in the 2nd quarter worth approximately $37,000. Institutional investors own 93.39% of the company’s stock.

About Jabil

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).