Jabil Inc (JBL) President William E. Peters Sells 13,915 Shares
Jabil Inc (NYSE:JBL) President William E. Peters sold 13,915 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $27.61, for a total transaction of $384,193.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Jabil Inc (NYSE JBL) opened at $27.97 on Friday. Jabil Inc has a 12-month low of $22.88 and a 12-month high of $31.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.50 and a current ratio of 0.95. The firm has a market cap of $4,985.46, a PE ratio of 49.07, a PEG ratio of 1.15 and a beta of 0.55.
Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, December 14th. The technology company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Jabil had a net margin of 0.54% and a return on equity of 12.95%. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter last year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. sell-side analysts expect that Jabil Inc will post 2.06 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. Fox Run Management L.L.C. boosted its position in shares of Jabil by 75.0% during the 4th quarter. Fox Run Management L.L.C. now owns 58,611 shares of the technology company’s stock valued at $1,539,000 after purchasing an additional 25,111 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Jabil by 76.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,340,759 shares of the technology company’s stock valued at $35,195,000 after purchasing an additional 580,370 shares in the last quarter. Creative Planning boosted its position in shares of Jabil by 66.9% during the 4th quarter. Creative Planning now owns 48,517 shares of the technology company’s stock valued at $1,274,000 after purchasing an additional 19,449 shares in the last quarter. Convergence Investment Partners LLC boosted its holdings in shares of Jabil by 278.4% in the fourth quarter. Convergence Investment Partners LLC now owns 156,642 shares of the technology company’s stock worth $4,112,000 after buying an additional 115,243 shares during the period. Finally, Polianta Ltd acquired a new position in shares of Jabil in the fourth quarter worth about $1,034,000. Institutional investors own 95.83% of the company’s stock.
Several equities analysts have commented on the stock. JPMorgan Chase & Co. reissued a “buy” rating and set a $40.00 target price on shares of Jabil in a research note on Thursday, September 28th. ValuEngine cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Argus raised shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Monday, December 18th. Finally, Raymond James Financial reissued a “hold” rating on shares of Jabil in a research note on Thursday, December 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Jabil presently has a consensus rating of “Hold” and a consensus price target of $32.45.
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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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