Trading was light with 39K shares changing hands on Friday. Volume was down 99.07% under the stocks average daily volume.
Here is the rundown on market activity for Jabil Inc. (NYSE:JBL). Erich Hoch, EVP, CEO, Jabil Packg Solution disclosed the sale of 521 shares of JBL stock. The shares were purchased at an average price of $30.99. Hoch now owns $6,490,670 of the stock according to the SEC filing. Director Frank A. Newman sold 60,000 shares at an average price of $29.52 on Wed the 28th. That brings Newman’s holdings to $3,768,671 per an SEC filing yesterday.
William D. Jr Muir, Chief Operating Officer let go of $582,868 worth of shares at an average price of $29.34 on June 22nd. Muir now owns $16,716,172 of stock as reported to the SEC.
The following firms have also recently changed their position in JBL. Investment Counselors Of Maryland LLC trimmed its position by shedding 575 shares a decrease of 0.8% from 03/31/2017 to 06/30/2017. Investment Counselors Of Maryland LLC now holds 71,447 shares valued at $2,086,000. The value of the position overall is up by 0.1%. As of quarter end Spark Investment Management LLC had sold 102,000 shares trimming its holdings by 83.1%. The value of the investment in Jabil Inc. went from $3,551,000 to $607,000 a change of 82.9% since the last quarter.
As of the end of the quarter Cibc Asset Management Inc had disposed of a total of 418 shares trimming its stake by 3.8%. The value of the investment in (JBL) decreased from $318,000 to $309,000 a change of $9,000 for the reporting period. Ing Groep Nv bolstered its stake by buying 21,196 shares an increase of 86.0% in the quarter. Ing Groep Nv owns 45,829 shares worth $1,338,000. The total value of its holdings increased 87.9%.
On December 7, 2016 the stock rating was changed to a “Neutral” by B. Riley which is down from the previous “Buy” rating. On November 22 the company was set at “Buy” in a report from Standpoint Research which was a boost from the previous “Hold” rating.
On September 23 the company was downgraded to “Hold” from “Buy” in an announcement from Needham. September 22 investment analysts at Deutsche Bank maintained a stock rating of “Hold” but raised the price expectation from $18.00 to $20.00.
On September 22 Citigroup kept the stock rating at “Neutral” and moved up the price target to $18.00 from $17.00. On September 22 the stock rating was downgraded from “Buy” to “Hold” in a report issued by Standpoint Research.
The company is now down by -2.08 percent from yesterday’s close. Additionally Jabil Inc. recently announced a dividend for shareholders to be paid on Friday the 1st of September 2017. The dividend payment will be $0.080 per share for the quarter or $0.32 annualized. This dividend represents a yeild of $1.03 which is the dividend as a percentage of the current share price. The ex-dividend date will be Thursday May 11th, 2017.
The stock is trading at $30.55 a bit higher than $30.02, the 50 day moving average and a tad higher than the 200 day moving average of $27.96. The 50 day moving average was up $0.55 or +1.817% and the 200 day average went up by +9.311%.
Jabil Inc.’s P/E ratio is 47.023 and market cap is 5.48B. As of the latest earnings report the EPS was $0.65 and is expected to be $2.10 for the current year with 179,242,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.83 with next year’s EPS anticipated to be $2.58.
Jabil circuit, Inc., launched on February 21, 1992, which provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company provides electronic design, production and product management services to companies in the automotive, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, emerging growth, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale and printing industries. The Company serves its customers primarily with business units that combine automated, continuous flow manufacturing with electronic design and design for manufacturability..