Stock Traders Buy Large Volume of Jabil Call Options (NYSE:JBL)

Jabil (NYSE:JBL) was the recipient of some unusual options trading activity on Wednesday. Traders bought 10,897 call options on the company. This represents an increase of approximately 2,165% compared to the typical daily volume of 481 call options.

In other Jabil news, Director Thomas A. Sansone sold 15,000 shares of the stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $29.88, for a total value of $448,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President William E. Peters sold 13,915 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $27.61, for a total transaction of $384,193.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,981 shares of company stock worth $2,908,603. Corporate insiders own 2.60% of the company’s stock.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stevens Capital Management LP grew its position in Jabil by 162.8% during the 3rd quarter. Stevens Capital Management LP now owns 18,563 shares of the technology company’s stock worth $530,000 after purchasing an additional 11,499 shares during the last quarter. American Century Companies Inc. purchased a new stake in Jabil during the 3rd quarter worth approximately $273,000. Candriam Luxembourg S.C.A. purchased a new stake in Jabil during the 3rd quarter worth approximately $2,250,000. Sei Investments Co. grew its position in Jabil by 10.7% during the 3rd quarter. Sei Investments Co. now owns 67,364 shares of the technology company’s stock worth $1,924,000 after purchasing an additional 6,487 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in Jabil by 79.5% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 230,313 shares of the technology company’s stock worth $6,575,000 after purchasing an additional 101,970 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Several brokerages have recently commented on JBL. Zacks Investment Research downgraded shares of Jabil from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Raymond James Financial reiterated a “hold” rating on shares of Jabil in a report on Thursday, December 14th. Goldman Sachs reduced their price target on shares of Jabil to $24.00 and set a “sell” rating on the stock in a report on Friday, January 26th. Standpoint Research raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Finally, Argus raised shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $32.90.

Shares of NYSE:JBL traded down $0.62 during trading hours on Friday, hitting $27.95. The company’s stock had a trading volume of 1,387,360 shares, compared to its average volume of 2,740,119. Jabil has a 52 week low of $23.70 and a 52 week high of $31.77. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.54 and a current ratio of 1.04. The firm has a market cap of $5,006.48, a P/E ratio of 15.11, a P/E/G ratio of 1.16 and a beta of 0.41.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Thursday, March 15th. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.62 by $0.04. The business had revenue of $5.30 billion during the quarter, compared to analyst estimates of $4.91 billion. Jabil had a net margin of 0.60% and a return on equity of 14.31%. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 EPS. research analysts predict that Jabil will post 2.05 EPS for the current fiscal year.

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About Jabil

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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