Robert L. Katz sells 2,735 shares of Jabil Inc. (NYSE: JBL)
Jabil Inc. (NYSE: JBL) EVP Robert L. Katz sold 2,735 shares in a trade that took place on Monday, June 7. The shares were sold at an average price of $ 58.00, for a total trade of $ 158,630.00. Following the closing of the transaction, the Executive Vice President now owns 170,118 shares of the company, valued at $ 9,866,844. The sale was disclosed in a file with the Securities & Exchange Commission, which is available on the SEC website.
Jabil’s stock traded down $ 0.29 at midday on Tuesday, reaching $ 57.69. The company’s shares had a trading volume of 701,893 shares, compared to its average volume of 907,567. The stock has a market capitalization of $ 8.58 billion, a P / E ratio of 24.04, a price / earnings-growth ratio of 1.16 and a beta of 1.37. Jabil Inc. has a 12-month low of $ 29.24 and a 12-month high of $ 58.28. The company’s 50-day simple moving average is $ 54.12. The company has a debt to equity ratio of 1.27, a current ratio of 1.03, and a quick ratio of 0.63.
Jabil (NYSE: JBL) last reported its quarterly results on Monday, March 15. The tech company reported EPS of $ 1.27 for the quarter, beating analyst consensus estimates of $ 0.95 by $ 0.32. Jabil had a net margin of 1.30% and a return on equity of 19.50%. The company posted revenue of $ 6.83 billion in the quarter, compared to a consensus estimate of $ 6.39 billion. In the same quarter of last year, the company posted $ 0.50 in EPS. The company’s quarterly revenue grew 11.5% year-over-year. As a group, analysts expect Jabil Inc. to post earnings per share of 4.06 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 2. Shareholders of record on Friday May 14 received a dividend of $ 0.08. This represents a dividend of $ 0.32 on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Thursday, May 13. Jabil’s dividend payout ratio (DPR) is currently 91.43%.
JBL has been the subject of several analyst reports. Citigroup raised its price target on Jabil shares from $ 60.00 to $ 70.00 in a report released on Wednesday, March 17. Stifel Nicolaus raised his target price on Jabil shares from $ 51.00 to $ 55 and gave the stock a â€œholdâ€ rating in a report released on Tuesday, March 16. Citigroup Inc. A Russell-based capital protected 3% minimum coupon increased its target price on Jabil shares from $ 60.00 to $ 70.00 in a report released on Thursday, March 18. Zacks Investment Research downgraded Jabil’s stock from a â€œbuyâ€ rating to a â€œkeepâ€ rating and set a target price of $ 48.00 for the stock. in a report on Wednesday February 17. Finally, Argus increased its target price on Jabil’s stock from $ 52.00 to $ 60.00 and gave the stock a “buy” rating in a report released on Wednesday, March 17. Four analysts rated the stock with a conservation rating and three issued a buy rating for the company. The company currently has a consensus rating of “Hold” and a consensus target price of $ 54.56.
Several institutional investors and hedge funds have recently changed their positions in JBL. Norges Bank bought a new position in Jabil shares in the 4th quarter valued at approximately $ 66,576,000. Janus Henderson Group PLC purchased a new position in Jabil shares in the 4th quarter valued at approximately $ 53,385,000. Point72 Asset Management LP increased its position in Jabil shares by 27.7% in the 1st quarter. Point72 Asset Management LP now owns 3,206,100 shares of the technology company valued at $ 167,230,000 after acquiring an additional 695,900 shares during the period. Millennium Management LLC increased its stake in Jabil shares by 480.4% during the 1st quarter. Millennium Management LLC now owns 800,265 shares of the technology company valued at $ 41,742,000 after purchasing an additional 662,376 shares during the period. Finally, BlackRock Inc. increased its stake in Jabil shares by 5.1% in the 1st quarter. BlackRock Inc. now owns 12,094,538 shares of the technology company valued at $ 630,853,000 after purchasing an additional 589,775 shares during the period. 87.51% of the shares are held by institutional investors.
Jabil Inc provides manufacturing services and solutions worldwide. The company operates in two segments, electronic manufacturing services and diversified manufacturing services. It offers design, production and management services for electronic products. The company provides 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 electromechanics, such as printed circuit board assemblies (PCBA).
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