Jabil Inc (NYSE:JBL) SVP Sergio Cadavid sold 12,000 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $28.50, for a total transaction of $342,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Jabil Inc (NYSE:JBL) opened at $27.39 on Monday. Jabil Inc has a one year low of $22.88 and a one year high of $31.70. The stock has a market cap of $4,799.71, a price-to-earnings ratio of 48.05, a PEG ratio of 1.11 and a beta of 0.55. The company has a quick ratio of 0.50, a current ratio of 0.95 and a debt-to-equity ratio of 0.72.
Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, December 14th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.50 billion. During the same quarter in the prior year, the company posted $0.69 EPS. The business’s revenue was up 9.4% on a year-over-year basis. sell-side analysts forecast that Jabil Inc will post 2.06 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. IHT Wealth Management LLC grew its holdings in shares of Jabil by 142.6% in the 2nd quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock worth $159,000 after purchasing an additional 211 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Jabil by 68.2% in the 2nd quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock worth $168,000 after purchasing an additional 2,337 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Jabil in the 2nd quarter worth about $206,000. ETRADE Capital Management LLC bought a new stake in shares of Jabil in the 3rd quarter worth about $238,000. Finally, MML Investors Services LLC bought a new stake in shares of Jabil in the 2nd quarter worth about $248,000. 95.64% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on the stock. Goldman Sachs Group cut shares of Jabil from a “neutral” rating to a “sell” rating and cut their target price for the company from $28.00 to $26.00 in a research note on Tuesday, October 10th. Citigroup restated a “sell” rating and issued a $28.00 price objective on shares of Jabil in a research note on Thursday, September 28th. Needham & Company LLC restated a “buy” rating and issued a $37.00 price objective on shares of Jabil in a research note on Wednesday, September 27th. Zacks Investment Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Finally, UBS Group restated a “buy” rating and issued a $35.00 price objective on shares of Jabil in a research note on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Jabil 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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