Matthew Crowley Sells 2,271 Shares of Jabil Inc. (NYSE:JBL) Stock

Jabil Inc. (NYSE:JBL) EVP Matthew Crowley sold 2,271 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $123.54, for a total value of $280,559.34. Following the completion of the transaction, the executive vice president now directly owns 15,564 shares of the company’s stock, valued at $1,922,776.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Matthew Crowley also recently made the following trade(s):

• On Friday, October 18th, Matthew Crowley sold 1,380 shares of Jabil stock. The stock was sold at an average price of $125.83, for a total value of $173,645.40.

Jabil Price Performance

Shares of NYSE JBL opened at $122.94 on Thursday. The company has a 50 day moving average of $113.15 and a 200 day moving average of $115.07. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $156.94. The firm has a market cap of $13.95 billion, a P/E ratio of 11.19, a PEG ratio of 1.46 and a beta of 1.25.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same period in the prior year, the company posted $2.34 earnings per share. The company’s quarterly revenue was down 17.7% on a year-over-year basis. As a group, research analysts expect that Jabil Inc. will post 7.84 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. Jabil’s dividend payout ratio is presently 2.91%.

Wall Street Analyst Weigh In

JBL has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on shares of Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. decreased their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Bank of America upped their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Barclays lifted their price objective on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC bought a new stake in Jabil in the 1st quarter worth approximately $29,000. Riverview Trust Co purchased a new position in shares of Jabil in the 1st quarter worth $33,000. HHM Wealth Advisors LLC bought a new stake in shares of Jabil in the second quarter worth $28,000. Innealta Capital LLC purchased a new stake in Jabil during the second quarter valued at $31,000. Finally, Family Firm Inc. bought a new position in Jabil in the second quarter valued at about $37,000. Institutional investors own 93.39% of the company’s stock.

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).