Jabil Inc. (NYSE:JBL) SVP May Yee Yap Sells 3,616 Shares of Stock

Jabil Inc. (NYSE:JBLGet Rating) SVP May Yee Yap sold 3,616 shares of the stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $81.10, for a total value of $293,257.60. Following the transaction, the senior vice president now owns 38,398 shares of the company’s stock, valued at $3,114,077.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Jabil Price Performance

JBL stock opened at $80.64 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.02 and a quick ratio of 0.57. The firm has a market capitalization of $10.75 billion, a P/E ratio of 11.70, a P/E/G ratio of 0.85 and a beta of 1.37. The business’s 50-day moving average is $71.37 and its two-hundred day moving average is $64.00. Jabil Inc. has a 1 year low of $48.80 and a 1 year high of $81.62.

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

Jabil announced that its board has initiated a share repurchase plan on Tuesday, September 27th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 12.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Jabil

Hedge funds have recently bought and sold shares of the stock. Cetera Advisor Networks LLC raised its position in shares of Jabil by 4.7% during 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 in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Jabil during the 1st quarter worth about $399,000. Great West Life Assurance Co. Can raised its position 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 worth $5,312,000 after acquiring an additional 7,933 shares in the last quarter. Sei Investments Co. raised its position 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 worth $23,633,000 after acquiring an additional 141,511 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position 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 worth $1,340,000 after acquiring an additional 18,832 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on JBL shares. StockNews.com started coverage on Jabil in a report on Wednesday, October 12th. They set a “strong-buy” rating for the company. UBS Group initiated coverage on Jabil in a report on Tuesday, December 13th. They set a “neutral” rating and a $76.00 price target for the company. Citigroup raised their target price on Jabil from $80.00 to $85.00 in a report on Friday, December 16th. Credit Suisse Group raised their target price on Jabil from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, January 18th. Finally, Raymond James lowered their target price on Jabil from $80.00 to $72.00 in a report on Wednesday, September 28th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $78.40.

About Jabil

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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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