Jabil (NYSE:JBL) Chairman Mark Mondello Sells 20,000 Shares

Jabil, Inc. (NYSE:JBL) Chairman Mark Mondello sold 20,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $214.84, for a total transaction of $4,296,800.00. Following the transaction, the chairman owned 1,380,190 shares in the company, valued at approximately $296,520,019.60. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jabil Trading Down 6.2%

NYSE:JBL opened at $202.22 on Monday. Jabil, Inc. has a 52 week low of $108.66 and a 52 week high of $237.14. The firm has a 50-day moving average price of $215.60 and a two-hundred day moving average price of $187.46. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.66 and a current ratio of 1.00. The firm has a market cap of $21.70 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, August 15th. Jabil’s dividend payout ratio (DPR) is 5.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on JBL shares. Weiss Ratings restated a “hold (c+)” rating on shares of Jabil in a research note on Saturday, September 27th. Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Barclays lifted their price objective on shares of Jabil from $223.00 to $267.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. The Goldman Sachs Group increased their target price on shares of Jabil from $188.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, June 18th. Finally, Raymond James Financial set a $260.00 price target on shares of Jabil in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $248.43.

Institutional Trading of Jabil

Institutional investors have recently modified their holdings of the business. GFG Capital LLC bought a new position in Jabil in the 2nd quarter worth approximately $26,000. Creative Financial Designs Inc. ADV bought a new position in shares of Jabil in the first quarter worth $27,000. Harbor Capital Advisors Inc. grew its position in shares of Jabil by 110.5% in the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock valued at $30,000 after purchasing an additional 116 shares in the last quarter. Traub Capital Management LLC bought a new stake in shares of Jabil during the 2nd quarter valued at $33,000. Finally, Groupe la Francaise lifted its holdings in Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after purchasing an additional 64 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

About Jabil

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).