Jabil Inc. (NYSE:JBL) Sees Significant Decrease in Short Interest

Jabil Inc. (NYSE:JBL) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 2,560,000 shares, a decrease of 11.1% from the January 15th total of 2,880,000 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,340,000 shares, the short-interest ratio is currently 1.9 days.

Insider Activity at Jabil

In other news, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the sale, the director now owns 12,900 shares of the company’s stock, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the sale, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 in the last quarter. Corporate insiders own 1.73% of the company’s stock.

Institutional Trading of Jabil

Several institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in shares of Jabil during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in Jabil during the fourth quarter worth $29,000. Capital Performance Advisors LLP acquired a new position in shares of Jabil in the third quarter valued at $32,000. Millstone Evans Group LLC bought a new position in shares of Jabil in the fourth quarter valued at about $37,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Jabil during the 3rd quarter worth about $39,000. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Down 0.1 %

Shares of Jabil stock traded down $0.22 on Tuesday, reaching $169.43. 1,067,733 shares of the company were exchanged, compared to its average volume of 1,300,466. The company has a market capitalization of $18.50 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 1.64 and a beta of 1.23. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil has a one year low of $95.85 and a one year high of $174.80. The company has a 50-day moving average of $155.32 and a 200 day moving average of $131.77.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period in the prior year, the firm posted $2.60 earnings per share. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. On average, equities research analysts forecast that Jabil will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Tuesday, February 18th. Jabil’s payout ratio is currently 3.07%.

Analyst Upgrades and Downgrades

JBL has been the topic of several recent research reports. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. UBS Group boosted their target price on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Barclays lifted their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Finally, The Goldman Sachs Group increased their target price on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and an average target price of $153.17.

Jabil Company Profile

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).