Steven D. Borges Sells 10,000 Shares of Jabil Inc (JBL) Stock
Jabil Inc (NYSE:JBL) CEO Steven D. Borges sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $31.00, for a total transaction of $310,000.00. Following the transaction, the chief executive officer now owns 257,615 shares of the company’s stock, valued at $7,986,065. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Jabil stock opened at $31.14 on Friday. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 1.09 and a beta of 0.60. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.60 and a current ratio of 1.02. Jabil Inc has a 52-week low of $21.49 and a 52-week high of $31.24.
Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, March 14th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.12 billion. Jabil had a net margin of 0.74% and a return on equity of 18.89%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. Analysts expect that Jabil Inc will post 2.31 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. JOYN Advisors Inc. increased its holdings in Jabil by 2,157.4% in the 4th quarter. JOYN Advisors Inc. now owns 1,061 shares of the technology company’s stock valued at $26,000 after buying an additional 1,014 shares during the period. IMS Capital Management bought a new stake in shares of Jabil in the 3rd quarter worth about $31,000. Penserra Capital Management LLC bought a new stake in shares of Jabil in the 4th quarter worth about $34,000. Mackey Komara & Dankovich LLC bought a new stake in shares of Jabil in the 4th quarter worth about $38,000. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Jabil by 2,076.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,511,446 shares of the technology company’s stock worth $61,000 after purchasing an additional 1,441,988 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.
JBL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Jabil from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, January 9th. TheStreet upgraded shares of Jabil from a “c+” rating to a “b” rating in a research note on Monday, February 25th. Finally, Raymond James raised shares of Jabil from a “market perform” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $29.17.
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Jabil Company Profile
Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. 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 the electro-mechanics, such as the printed circuit board assemblies (PCBA).
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