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 business’s 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 $11,940,237. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jabil Trading Down 0.5 %

Shares of NYSE JBL traded down $0.40 during trading hours on Tuesday, hitting $80.64. 1,241,075 shares of the company traded hands, compared to its average volume of 1,654,325. The stock has a market capitalization of $10.75 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37. 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 company’s 50 day moving average price is $71.10 and its 200 day moving average price is $63.80. Jabil Inc. has a 12 month low of $48.80 and a 12 month high of $81.62.

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

Jabil declared that its board has authorized a stock buyback plan on Tuesday, September 27th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 12.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com assumed coverage on Jabil in a report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock. Raymond James decreased their price objective on Jabil from $80.00 to $72.00 in a report on Wednesday, September 28th. Citigroup upped their price objective on Jabil from $80.00 to $85.00 in a report on Friday, December 16th. UBS Group began coverage on Jabil in a report on Tuesday, December 13th. They set a “neutral” rating and a $76.00 price objective on the stock. Finally, Credit Suisse Group upped their price objective on Jabil from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, January 18th. One research 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, the stock has a consensus rating of “Buy” and a consensus price target of $78.40.

Hedge Funds Weigh In On Jabil

Several large investors have recently modified their holdings of JBL. Credit Agricole S A increased its position in shares of Jabil by 2,786.9% during the 2nd quarter. Credit Agricole S A now owns 1,818,657 shares of the technology company’s stock valued at $93,133,000 after purchasing an additional 1,755,660 shares during the last quarter. Invesco Ltd. grew its position in Jabil by 230.6% in the 1st quarter. Invesco Ltd. now owns 1,863,230 shares of the technology company’s stock valued at $115,018,000 after acquiring an additional 1,299,593 shares during the last quarter. Prudential Financial Inc. grew its position in Jabil by 239.1% in the 2nd quarter. Prudential Financial Inc. now owns 924,838 shares of the technology company’s stock valued at $48,052,000 after acquiring an additional 652,083 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Jabil in the 1st quarter valued at $23,055,000. Finally, Hallmark Capital Management Inc. bought a new position in Jabil in the 3rd quarter valued at $18,174,000. 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.

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