Jabil Inc (NYSE:JBL) saw some unusual options trading activity on Monday. Investors purchased 4,393 call options on the stock. This is an increase of 1,552% compared to the typical daily volume of 266 call options.

Separately, Zacks Investment Research downgraded shares of Jabil from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $33.00.

Shares of NYSE:JBL opened at $30.08 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.51 and a current ratio of 1.02. Jabil has a 12-month low of $23.70 and a 12-month high of $31.77. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 0.94 and a beta of 0.36.

Jabil announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 14th that permits the company to buyback $350.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 7.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Wednesday, August 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.06%. The ex-dividend date was Tuesday, August 14th. Jabil’s dividend payout ratio (DPR) is currently 17.30%.

In other Jabil news, President William E. Peters sold 13,915 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $27.54, for a total transaction of $383,219.10. Following the sale, the president now directly owns 538,924 shares of the company’s stock, valued at approximately $14,841,966.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark T. Mondello sold 30,000 shares of the business’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $30.01, for a total transaction of $900,300.00. Following the sale, the chief executive officer now directly owns 1,801,889 shares in the company, valued at $54,074,688.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,745 shares of company stock worth $2,084,884. Company insiders own 2.60% of the company’s stock.

Large investors have recently made changes to their positions in the business. Bailard Inc. increased its stake in shares of Jabil by 39.6% in the second quarter. Bailard Inc. now owns 22,200 shares of the technology company’s stock worth $614,000 after acquiring an additional 6,300 shares during the last quarter. Strs Ohio acquired a new position in shares of Jabil in the second quarter worth $30,790,000. New Jersey Better Educational Savings Trust acquired a new position in shares of Jabil in the second quarter worth $277,000. Commonwealth Bank of Australia increased its stake in shares of Jabil by 248.7% in the second quarter. Commonwealth Bank of Australia now owns 175,128 shares of the technology company’s stock worth $4,841,000 after acquiring an additional 124,900 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of Jabil by 23.1% in the first quarter. Allianz Asset Management GmbH now owns 605,539 shares of the technology company’s stock worth $17,397,000 after acquiring an additional 113,678 shares during the last quarter. 89.79% of the stock is currently owned by institutional investors.

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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