Insider Selling: Jabil Inc (NYSE:JBL) CEO Sells 3,500 Shares of Stock

Jabil Inc (NYSE:JBL) CEO Michael J. Loparco sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $39.50, for a total transaction of $138,250.00. Following the completion of the transaction, the chief executive officer now owns 239,829 shares in the company, valued at approximately $9,473,245.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michael J. Loparco also recently made the following trade(s):

  • On Tuesday, September 24th, Michael J. Loparco sold 7,000 shares of Jabil stock. The stock was sold at an average price of $33.02, for a total transaction of $231,140.00.

NYSE:JBL opened at $39.34 on Thursday. The stock has a market cap of $6.04 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The firm’s fifty day simple moving average is $36.52 and its 200 day simple moving average is $30.93. Jabil Inc has a twelve month low of $21.49 and a twelve month high of $39.72. The company has a quick ratio of 0.62, a current ratio of 0.98 and a debt-to-equity ratio of 1.12.

Jabil (NYSE:JBL) last released its quarterly earnings results on Tuesday, September 24th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.02. The business had revenue of $6.57 billion for the quarter, compared to analysts’ expectations of $6.63 billion. Jabil had a net margin of 1.14% and a return on equity of 15.90%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 earnings per share. On average, analysts expect that Jabil Inc will post 2.49 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, November 14th. Jabil’s dividend payout ratio (DPR) is currently 17.68%.

Large investors have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI bought a new stake in shares of Jabil during the 2nd quarter valued at $28,000. Private Capital Group LLC boosted its holdings in shares of Jabil by 1,804.5% during the 2nd quarter. Private Capital Group LLC now owns 1,276 shares of the technology company’s stock valued at $35,000 after buying an additional 1,209 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Jabil by 57.1% during the 2nd quarter. Advisory Services Network LLC now owns 1,238 shares of the technology company’s stock valued at $39,000 after buying an additional 450 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Jabil during the 2nd quarter valued at $42,000. Finally, Doyle Wealth Management bought a new stake in shares of Jabil during the 2nd quarter valued at $93,000. Institutional investors and hedge funds own 89.09% of the company’s stock.

Several research firms recently weighed in on JBL. Argus lifted their price target on shares of Jabil from $36.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price target on shares of Jabil from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Stifel Nicolaus lifted their price target on shares of Jabil from $30.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, September 25th. ValuEngine cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada began coverage on shares of Jabil in a report on Tuesday. They issued a “sector perform” rating and a $41.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Jabil currently has a consensus rating of “Hold” and a consensus target price of $37.13.

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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