Jabil Inc. (NYSE:JBL) CFO Michael Dastoor Sells 10,902 Shares

Jabil Inc. (NYSE:JBLGet Rating) CFO Michael Dastoor sold 10,902 shares of the firm’s stock in a transaction that occurred on Tuesday, January 24th. The stock was sold at an average price of $81.05, for a total transaction of $883,607.10. Following the transaction, the chief financial officer now directly owns 176,607 shares of the company’s stock, valued at $14,313,997.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Michael Dastoor also recently made the following trade(s):

  • On Wednesday, January 11th, Michael Dastoor sold 57,791 shares of Jabil stock. The stock was sold at an average price of $74.44, for a total transaction of $4,301,962.04.

Jabil Stock Down 0.5 %

Shares of NYSE JBL opened at $80.64 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.57 and a current ratio of 1.02. Jabil Inc. has a 52 week low of $48.80 and a 52 week high of $81.62. The stock has a market capitalization of $10.75 billion, a P/E ratio of 11.70, a PEG ratio of 0.85 and a beta of 1.37. The stock’s fifty day moving average is $71.37 and its 200 day moving average is $64.00.

Jabil (NYSE:JBLGet Rating) last issued its quarterly earnings results on Thursday, December 15th. The technology company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.28). Jabil had a return on equity of 40.43% and a net margin of 2.83%. The company had revenue of $9.64 billion during the quarter, compared to the consensus estimate of $9.28 billion. Sell-side analysts forecast that Jabil Inc. will post 7.81 earnings per share for the current fiscal year.

Jabil declared that its board has initiated a share buyback plan on Tuesday, September 27th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 12.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Koshinski Asset Management Inc. bought a new position in Jabil in the third quarter valued at about $460,000. Field & Main Bank bought a new position in Jabil in the third quarter valued at about $35,000. Zions Bancorporation N.A. bought a new position in Jabil in the first quarter valued at about $40,000. Parallel Advisors LLC grew its position in Jabil by 212.6% in the second quarter. Parallel Advisors LLC now owns 669 shares of the technology company’s stock valued at $34,000 after acquiring an additional 455 shares during the last quarter. Finally, Accurate Wealth Management LLC acquired a new stake in shares of Jabil during the fourth quarter valued at about $60,000. Institutional investors own 88.45% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on JBL. Citigroup increased their price objective on Jabil from $80.00 to $85.00 in a report on Friday, December 16th. Credit Suisse Group increased their price objective on Jabil from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, January 18th. UBS Group began coverage on Jabil in a report on Tuesday, December 13th. They issued a “neutral” rating and a $76.00 price objective for the company. StockNews.com began coverage on Jabil in a report on Wednesday, October 12th. They set a “strong-buy” rating for the company. Finally, Raymond James cut their price target on Jabil from $80.00 to $72.00 in a report on Wednesday, September 28th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $78.40.

Jabil Company Profile

(Get Rating)

Jabil, Inc engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries.

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