Bruce Allan Johnson Sells 6,000 Shares of Jabil Inc (NYSE:JBL) Stock

Jabil Inc (NYSE:JBL) SVP Bruce Allan Johnson sold 6,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $31.50, for a total value of $189,000.00. Following the completion of the sale, the senior vice president now directly owns 147,700 shares in the company, valued at approximately $4,652,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

JBL opened at $31.56 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 1.22 and a beta of 0.97. Jabil Inc has a 52 week low of $21.49 and a 52 week high of $32.24. The firm’s fifty day moving average is $27.83.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Tuesday, June 18th. The technology company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. The business had revenue of $6.14 billion for the quarter, compared to analyst estimates of $6.01 billion. Jabil had a return on equity of 18.57% and a net margin of 0.72%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. On average, research analysts forecast that Jabil Inc will post 2.16 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its holdings in Jabil by 8.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 63,506 shares of the technology company’s stock worth $1,574,000 after buying an additional 4,932 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Jabil in the 4th quarter worth approximately $346,000. Advisor Group Inc. lifted its stake in Jabil by 16.9% in the 4th quarter. Advisor Group Inc. now owns 7,998 shares of the technology company’s stock worth $198,000 after purchasing an additional 1,154 shares in the last quarter. State of Tennessee Treasury Department lifted its stake in Jabil by 2.0% in the 4th quarter. State of Tennessee Treasury Department now owns 258,627 shares of the technology company’s stock worth $6,411,000 after purchasing an additional 5,141 shares in the last quarter. Finally, Martingale Asset Management L P lifted its stake in Jabil by 11.9% in the 4th quarter. Martingale Asset Management L P now owns 277,020 shares of the technology company’s stock worth $6,868,000 after purchasing an additional 29,509 shares in the last quarter. 89.40% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on JBL. Zacks Investment Research lowered Jabil from a “hold” rating to a “sell” rating and set a $29.00 target price on the stock. in a report on Wednesday, June 19th. Raymond James raised Jabil from a “market perform” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $29.33.

About Jabil

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).

Read More: Arbitrage

Insider Buying and Selling by Quarter for Jabil (NYSE:JBL)

Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.