Jabil Inc (NYSE:JBL) CEO Alessandro Parimbelli sold 17,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $29.22, for a total transaction of $496,740.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

JBL stock opened at $29.12 on Wednesday. The stock has a market capitalization of $4.51 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.05 and a beta of 0.60. Jabil Inc has a fifty-two week low of $21.49 and a fifty-two week high of $30.21. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.02 and a quick ratio of 0.60.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, March 14th. The technology company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.12 billion. Jabil had a return on equity of 18.89% and a net margin of 0.74%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. On average, analysts anticipate that Jabil Inc will post 2.31 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of JBL. Alliancebernstein L.P. lifted its holdings in Jabil by 29.6% in the third quarter. Alliancebernstein L.P. now owns 283,602 shares of the technology company’s stock worth $7,680,000 after purchasing an additional 64,791 shares during the period. Martingale Asset Management L P lifted its holdings in Jabil by 37.2% in the third quarter. Martingale Asset Management L P now owns 247,511 shares of the technology company’s stock worth $6,703,000 after purchasing an additional 67,116 shares during the period. United Services Automobile Association lifted its holdings in Jabil by 7.0% in the third quarter. United Services Automobile Association now owns 276,462 shares of the technology company’s stock worth $7,487,000 after purchasing an additional 18,143 shares during the period. Afam Capital Inc. lifted its holdings in Jabil by 4.8% in the third quarter. Afam Capital Inc. now owns 119,800 shares of the technology company’s stock worth $3,244,000 after purchasing an additional 5,522 shares during the period. Finally, Jane Street Group LLC raised its position in Jabil by 402.2% in the third quarter. Jane Street Group LLC now owns 12,087 shares of the technology company’s stock worth $327,000 after acquiring an additional 16,087 shares in the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

JBL has been the subject of several analyst reports. Zacks Investment Research raised shares of Jabil from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, January 9th. TheStreet raised shares of Jabil from a “c+” rating to a “b” rating in a report on Monday, February 25th. Wolfe Research initiated coverage on shares of Jabil in a report on Tuesday, December 11th. They set a “market perform” rating for the company. Raymond James raised shares of Jabil from a “market perform” rating to a “strong-buy” rating and set a $34.00 price target for the company in a report on Monday, April 1st. Finally, Royal Bank of Canada boosted their price target on shares of Jabil to $30.00 and gave the company an “average” rating in a report on Wednesday, December 19th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Jabil presently has a consensus rating of “Hold” and a consensus target price of $29.17.

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About Jabil

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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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