Jabil Inc (NYSE:JBL) CEO Mark T. Mondello sold 30,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $28.48, for a total value of $854,400.00. Following the completion of the sale, the chief executive officer now owns 1,836,889 shares in the company, valued at approximately $52,314,598.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Jabil Inc (NYSE JBL) opened at $28.74 on Tuesday. Jabil Inc has a 12-month low of $20.44 and a 12-month high of $31.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.54 and a current ratio of 0.96. The firm has a market capitalization of $5,048.46, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.07 and a beta of 0.55.
Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, September 27th. The technology company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. Jabil had a return on equity of 14.47% and a net margin of 0.68%. The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. equities research analysts forecast that Jabil Inc will post 2.22 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AXA raised its position in Jabil by 22.9% during the third quarter. AXA now owns 467,600 shares of the technology company’s stock valued at $13,350,000 after purchasing an additional 87,000 shares in the last quarter. California Public Employees Retirement System raised its position in Jabil by 0.8% during the third quarter. California Public Employees Retirement System now owns 677,833 shares of the technology company’s stock valued at $19,352,000 after purchasing an additional 5,418 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Jabil during the third quarter valued at about $2,561,000. Highbridge Capital Management LLC purchased a new stake in Jabil during the third quarter valued at about $3,426,000. Finally, Janus Henderson Group PLC raised its position in Jabil by 250.3% during the third quarter. Janus Henderson Group PLC now owns 90,286 shares of the technology company’s stock valued at $2,578,000 after purchasing an additional 64,511 shares in the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.
JBL has been the topic of a number of recent analyst reports. Goldman Sachs Group downgraded Jabil from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $28.00 to $26.00 in a research report on Tuesday, October 10th. ValuEngine upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 7th. UBS reiterated a “buy” rating and issued a $35.00 price objective on shares of Jabil in a research report on Tuesday, October 17th. Bank of America downgraded Jabil from a “buy” rating to a “neutral” rating in a research report on Monday, September 25th. They noted that the move was a valuation call. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $37.00 price objective on shares of Jabil in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $30.50.
Jabil Company Profile
Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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