Insider Selling: Jabil Inc (NYSE:JBL) CEO Sells 5,964 Shares of Stock
Jabil Inc (NYSE:JBL) CEO Alessandro Parimbelli sold 5,964 shares of Jabil stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $36.86, for a total value of $219,833.04. Following the transaction, the chief executive officer now owns 287,109 shares of the company’s stock, valued at $10,582,837.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Alessandro Parimbelli also recently made the following trade(s):
- On Tuesday, October 15th, Alessandro Parimbelli sold 9,723 shares of Jabil stock. The shares were sold at an average price of $36.22, for a total value of $352,167.06.
JBL traded down $0.21 during trading on Tuesday, hitting $36.60. The company’s stock had a trading volume of 1,139,781 shares, compared to its average volume of 1,341,731. The company has a current ratio of 0.98, a quick ratio of 0.62 and a debt-to-equity ratio of 1.12. Jabil Inc has a twelve month low of $21.49 and a twelve month high of $37.02. The business’s fifty day simple moving average is $33.29 and its 200 day simple moving average is $30.08. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 1.21 and a beta of 0.97.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.87%. The ex-dividend date is Thursday, November 14th. Jabil’s payout ratio is currently 17.68%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its position in Jabil by 38.7% during the first quarter. FMR LLC now owns 6,368,324 shares of the technology company’s stock valued at $169,335,000 after buying an additional 1,775,742 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Jabil in the second quarter worth about $2,525,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Jabil in the second quarter worth about $230,000. First Citizens Bank & Trust Co. lifted its holdings in shares of Jabil by 40.1% in the second quarter. First Citizens Bank & Trust Co. now owns 17,347 shares of the technology company’s stock worth $548,000 after buying an additional 4,961 shares in the last quarter. Finally, Smith Salley & Associates purchased a new stake in shares of Jabil in the second quarter worth about $204,000. 88.72% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on JBL shares. Stifel Nicolaus lifted their price target on Jabil from $30.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, September 25th. ValuEngine cut Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup upgraded Jabil from a “sell” rating to a “buy” rating and lifted their price target for the company from $27.00 to $36.00 in a research report on Thursday, August 29th. Argus lifted their price target on Jabil from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. raised their price objective on Jabil from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.67.
Jabil Company Profile
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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