Jabil Inc. (NYSE:JBL) Director Thomas A. Sansone Sells 10,000 Shares

Jabil Inc. (NYSE:JBLGet Rating) Director Thomas A. Sansone sold 10,000 shares of the stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $80.25, for a total value of $802,500.00. Following the completion of the transaction, the director now directly owns 148,788 shares in the company, valued at approximately $11,940,237. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jabil Stock Performance

Shares of JBL opened at $80.64 on Wednesday. Jabil Inc. has a 12 month low of $48.80 and a 12 month high of $81.62. The stock has a fifty day moving average price of $71.37 and a 200-day moving average price of $64.00. The company has a current ratio of 1.02, a quick ratio of 0.57 and a debt-to-equity ratio of 1.02. The firm has a market cap of $10.75 billion, a PE ratio of 11.70, a P/E/G ratio of 0.85 and a beta of 1.37.

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

Jabil declared that its Board of Directors has initiated a share buyback program on Tuesday, September 27th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to reacquire up to 12.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Jabil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBL. Cetera Advisor Networks LLC raised its stake in Jabil by 4.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company’s stock worth $246,000 after acquiring an additional 180 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Jabil during the 1st quarter valued at about $399,000. Great West Life Assurance Co. Can raised its stake in shares of Jabil by 10.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company’s stock valued at $5,312,000 after buying an additional 7,933 shares during the last quarter. Sei Investments Co. raised its stake in shares of Jabil by 58.6% during the 1st quarter. Sei Investments Co. now owns 382,918 shares of the technology company’s stock valued at $23,633,000 after buying an additional 141,511 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Jabil by 656.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company’s stock valued at $1,340,000 after buying an additional 18,832 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

About Jabil

(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.

Featured Stories

Insider Buying and Selling by Quarter for Jabil (NYSE:JBL)

Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.