Insider Selling: Jabil Inc. (NYSE:JBL) CEO Sells 15,000 Shares of Stock

Jabil Inc. (NYSE:JBL) CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the sale, the chief executive officer now directly owns 339,725 shares of the company’s stock, valued at $45,591,095. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jabil Trading Down 0.0 %

NYSE:JBL opened at $129.59 on Friday. The stock has a fifty day moving average price of $138.45 and a two-hundred day moving average price of $131.19. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 1.40 and a beta of 1.40. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. Jabil Inc. has a 1 year low of $75.48 and a 1 year high of $156.94.

Jabil (NYSE:JBL) last released its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.01). The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. As a group, sell-side analysts anticipate that Jabil Inc. will post 7.83 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Tuesday, May 14th. Jabil’s dividend payout ratio is currently 2.75%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JBL. Cetera Advisor Networks LLC increased its position in shares of Jabil by 4.7% in the first quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company’s stock valued at $246,000 after buying an additional 180 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Jabil in the first quarter valued at $399,000. Great West Life Assurance Co. Can increased its position in shares of Jabil by 10.5% in the first quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company’s stock valued at $5,312,000 after buying an additional 7,933 shares in the last quarter. Sei Investments Co. increased its position 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 valued at $23,633,000 after buying an additional 141,511 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position 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 valued at $1,340,000 after buying an additional 18,832 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the subject of several analyst reports. Barclays cut their price target on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, March 18th. Argus cut Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. The Goldman Sachs Group upped their price target on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Jabil has an average rating of “Moderate Buy” and a consensus price target of $144.50.

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).