May Yee Yap Sells 3,616 Shares of Jabil Inc. (NYSE:JBL) Stock

Jabil Inc. (NYSE:JBLGet Rating) SVP May Yee Yap sold 3,616 shares of Jabil stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $81.10, for a total value of $293,257.60. Following the transaction, the senior vice president now directly owns 38,398 shares in the company, valued at approximately $3,114,077.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jabil Stock Down 0.5 %

Jabil stock opened at $80.64 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.02 and a quick ratio of 0.57. Jabil Inc. has a 1-year low of $48.80 and a 1-year high of $81.62. The company has a market cap of $10.75 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. The stock’s 50 day moving average price is $71.37 and its 200 day moving average price is $64.00.

Jabil (NYSE:JBLGet Rating) last posted its quarterly earnings results on Thursday, December 15th. The technology company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.28). The business had revenue of $9.64 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Jabil had a net margin of 2.83% and a return on equity of 40.43%. On average, sell-side analysts predict that Jabil Inc. will post 7.81 EPS for the current fiscal year.

Jabil declared that its Board of Directors has initiated a stock repurchase program on Tuesday, September 27th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to purchase up to 12.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Jabil

Several hedge funds and other institutional investors have recently bought and sold shares of JBL. Cetera Advisor Networks LLC raised its holdings in Jabil by 4.7% during the first quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company’s stock worth $246,000 after purchasing an additional 180 shares during the last quarter. Private Advisor Group LLC acquired a new position in Jabil during the first quarter worth $399,000. Great West Life Assurance Co. Can raised its holdings in Jabil by 10.5% during the first quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company’s stock worth $5,312,000 after purchasing an additional 7,933 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Jabil by 58.6% in the first quarter. Sei Investments Co. now owns 382,918 shares of the technology company’s stock worth $23,633,000 after acquiring an additional 141,511 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Jabil by 656.6% in the first quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company’s stock worth $1,340,000 after acquiring an additional 18,832 shares during the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBL has been the topic of several analyst reports. StockNews.com initiated coverage on Jabil in a research note on Wednesday, October 12th. They issued a “strong-buy” rating on the stock. Raymond James lowered their target price on Jabil from $80.00 to $72.00 in a research note on Wednesday, September 28th. Citigroup lifted their target price on Jabil from $80.00 to $85.00 in a research note on Friday, December 16th. UBS Group initiated coverage on Jabil in a research note on Tuesday, December 13th. They issued a “neutral” rating and a $76.00 target price on the stock. Finally, Credit Suisse Group lifted their target price on Jabil from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, January 18th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $78.40.

About Jabil

(Get Rating)

Jabil, Inc engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries.

Recommended Stories

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

Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.