Jabil Inc (NYSE:JBL) dropped 6% on Monday . The stock traded as low as $27.59 and last traded at $27.59. Approximately 1,245,219 shares were traded during trading, a decline of 9% from the average daily volume of 1,373,530 shares. The stock had previously closed at $29.34.
JBL has been the topic of several research reports. TheStreet upgraded shares of Jabil from a “c+” rating to a “b” rating in a research note on Monday, February 25th. Zacks Investment Research upgraded shares of Jabil from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, Raymond James upgraded shares of Jabil from a “market perform” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Jabil presently has a consensus rating of “Hold” and an average target price of $29.17.
The company has a current ratio of 1.02, a quick ratio of 0.60 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $4.22 billion, a P/E ratio of 13.14, a PEG ratio of 1.00 and a beta of 0.65.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is 14.75%.
In other Jabil news, Director Thomas A. Sansone sold 15,000 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $28.50, for a total value of $427,500.00. Following the completion of the transaction, the director now owns 192,988 shares in the company, valued at approximately $5,500,158. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Steven D. Borges sold 10,000 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $31.00, for a total transaction of $310,000.00. Following the completion of the transaction, the chief executive officer now owns 257,615 shares of the company’s stock, valued at approximately $7,986,065. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,888 shares of company stock valued at $2,034,530. 2.90% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc boosted its holdings in Jabil by 4.1% during the first quarter. CIBC Asset Management Inc now owns 10,141 shares of the technology company’s stock worth $270,000 after buying an additional 398 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Jabil by 8.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,338 shares of the technology company’s stock valued at $256,000 after acquiring an additional 773 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Jabil by 3.9% in the 4th quarter. Xact Kapitalforvaltning AB now owns 24,048 shares of the technology company’s stock valued at $596,000 after acquiring an additional 900 shares in the last quarter. Colonial Trust Advisors lifted its position in shares of Jabil by 5.9% in the 1st quarter. Colonial Trust Advisors now owns 17,950 shares of the technology company’s stock valued at $477,000 after acquiring an additional 1,000 shares in the last quarter. Finally, JOYN Advisors Inc. lifted its position in shares of 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 acquiring an additional 1,014 shares in the last quarter. Hedge funds and other institutional investors own 91.88% of the company’s stock.
Jabil Company Profile (NYSE:JBL)
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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