Jabil (NYSE:JBL) Shares Gap Down to $129.59

Jabil Inc. (NYSE:JBL)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $129.59, but opened at $126.87. Jabil shares last traded at $126.54, with a volume of 176,163 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. The Goldman Sachs Group boosted their price target on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Barclays lowered their price objective on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, March 18th. Finally, Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $144.50.

Jabil Trading Down 8.4 %

The company’s fifty day moving average is $138.03 and its two-hundred day moving average is $131.15. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. The stock has a market cap of $14.32 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 1.38 and a beta of 1.40.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. On average, research analysts predict that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. Jabil’s payout ratio is currently 2.75%.

Insider Transactions at Jabil

In other news, Director David M. Stout sold 31,300 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the completion of the sale, the director now owns 67,300 shares in the company, valued at approximately $8,285,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Gerald Creadon sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the transaction, the executive vice president now owns 65,434 shares in the company, valued at approximately $8,874,159.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David M. Stout sold 31,300 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the sale, the director now owns 67,300 shares of the company’s stock, valued at approximately $8,285,976. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,177 shares of company stock valued at $13,678,039. Corporate insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Jabil

A number of hedge funds have recently modified their holdings of JBL. Czech National Bank grew its position in Jabil by 0.3% during the 1st quarter. Czech National Bank now owns 22,439 shares of the technology company’s stock worth $3,006,000 after purchasing an additional 73 shares during the last quarter. HB Wealth Management LLC increased its position in Jabil by 3.9% in the 4th quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company’s stock valued at $278,000 after acquiring an additional 82 shares during the period. Beacon Pointe Advisors LLC increased its position in Jabil by 2.5% in the 4th quarter. Beacon Pointe Advisors LLC now owns 3,377 shares of the technology company’s stock valued at $430,000 after acquiring an additional 83 shares during the period. Signaturefd LLC raised its stake in Jabil by 1.3% during the 3rd quarter. Signaturefd LLC now owns 6,761 shares of the technology company’s stock valued at $858,000 after acquiring an additional 86 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Jabil by 0.9% during the 4th quarter. Mackenzie Financial Corp now owns 10,258 shares of the technology company’s stock worth $1,307,000 after acquiring an additional 90 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Company Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; 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).