Jabil Inc (NYSE:JBL) SVP Sergio Cadavid sold 2,869 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $30.00, for a total transaction of $86,070.00. Following the completion of the sale, the senior vice president now owns 60,305 shares of the company’s stock, valued at $1,809,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Sergio Cadavid also recently made the following trade(s):
- On Thursday, January 18th, Sergio Cadavid sold 12,000 shares of Jabil stock. The stock was sold at an average price of $28.50, for a total transaction of $342,000.00.
Shares of Jabil stock traded down $0.46 during trading on Thursday, reaching $30.12. 293,229 shares of the company’s stock traded hands, compared to its average volume of 2,306,862. Jabil Inc has a twelve month low of $23.70 and a twelve month high of $31.77. The company has a market capitalization of $5,392.00, a price-to-earnings ratio of 45.01, a PEG ratio of 1.25 and a beta of 0.44. The company has a current ratio of 1.04, a quick ratio of 0.54 and a debt-to-equity ratio of 0.95.
Jabil (NYSE:JBL) last announced its earnings results on Thursday, March 15th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. Jabil had a net margin of 0.60% and a return on equity of 14.31%. The business had revenue of $5.30 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same period in the previous year, the business posted $0.48 earnings per share. Jabil’s revenue for the quarter was up 19.2% on a year-over-year basis. analysts anticipate that Jabil Inc will post 2.05 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.32 annualized dividend and a yield of 1.06%. Jabil’s payout ratio is presently 47.76%.
Institutional investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC grew its position in shares of Jabil by 8.9% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 717,446 shares of the technology company’s stock worth $20,483,000 after buying an additional 58,900 shares during the period. Polianta Ltd bought a new position in shares of Jabil in the 4th quarter worth approximately $1,034,000. California Public Employees Retirement System lifted its stake in shares of Jabil by 0.8% in the 4th quarter. California Public Employees Retirement System now owns 682,957 shares of the technology company’s stock worth $17,928,000 after purchasing an additional 5,124 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Jabil by 24.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,283,225 shares of the technology company’s stock worth $59,934,000 after purchasing an additional 442,361 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Jabil in the 3rd quarter worth approximately $815,000. Institutional investors and hedge funds own 99.76% of the company’s stock.
A number of equities research analysts have commented on JBL shares. Raymond James Financial restated a “hold” rating on shares of Jabil in a report on Thursday, December 14th. ValuEngine cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, December 4th. Argus upgraded shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Monday, December 18th. Zacks Investment Research lowered shares of Jabil from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Standpoint Research raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $32.90.
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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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