Robert L. Katz Sells 10,423 Shares of Jabil Inc. (NYSE:JBL) Stock

Jabil Inc. (NYSE:JBLGet Rating) EVP Robert L. Katz sold 10,423 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $59.29, for a total transaction of $617,979.67. Following the sale, the executive vice president now directly owns 133,257 shares in the company, valued at approximately $7,900,807.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jabil Stock Performance

Shares of Jabil stock opened at $60.42 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 1.22. Jabil Inc. has a twelve month low of $48.80 and a twelve month high of $72.11. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of 0.75 and a beta of 1.42. The company’s fifty day moving average is $56.04 and its 200 day moving average is $58.22.

Jabil (NYSE:JBLGet Rating) last issued its quarterly earnings data on Thursday, June 16th. The technology company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.09. Jabil had a net margin of 2.69% and a return on equity of 37.88%. The company had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $8.21 billion. During the same quarter in the previous year, the firm posted $1.12 earnings per share. Sell-side analysts forecast that Jabil Inc. will post 6.59 EPS for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Monday, August 15th will be issued a $0.08 dividend. The ex-dividend date is Friday, August 12th. This represents a $0.32 annualized dividend and a yield of 0.53%. Jabil’s payout ratio is 5.50%.

Analysts Set New Price Targets

A number of research firms have weighed in on JBL. StockNews.com raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 15th. The Goldman Sachs Group decreased their target price on shares of Jabil from $78.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday, June 1st. Finally, Citigroup decreased their target price on shares of Jabil from $90.00 to $80.00 in a research note on Friday, June 17th. Three investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Jabil currently has an average rating of “Strong Buy” and an average price target of $74.80.

Hedge Funds Weigh In On Jabil

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Jabil by 5.4% in the first quarter. BlackRock Inc. now owns 12,979,733 shares of the technology company’s stock valued at $801,240,000 after buying an additional 666,389 shares during the period. State Street Corp lifted its holdings in Jabil by 3.0% in the first quarter. State Street Corp now owns 4,454,878 shares of the technology company’s stock valued at $275,000,000 after buying an additional 127,736 shares during the period. Primecap Management Co. CA lifted its holdings in Jabil by 3.5% in the first quarter. Primecap Management Co. CA now owns 3,735,675 shares of the technology company’s stock valued at $230,603,000 after buying an additional 125,875 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in Jabil by 1.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,497,788 shares of the technology company’s stock valued at $215,918,000 after buying an additional 50,247 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Jabil by 677.6% in the first quarter. JPMorgan Chase & Co. now owns 2,639,480 shares of the technology company’s stock valued at $162,935,000 after buying an additional 2,300,029 shares during the period. Institutional investors and hedge funds own 79.69% of the company’s stock.

About Jabil

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Jabil Inc provides manufacturing services and solutions worldwide. The company operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic 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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Insider Buying and Selling by Quarter for Jabil (NYSE:JBL)

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