Investors buy large volume of Jabil puts (NYSE: JBL)
Jabil Inc. (NYSE: JBL) was the beneficiary of exceptionally large options trading activity on Monday. Equity investors bought 1,575 puts on the company. This represents an increase of approximately 2,286% over the typical daily volume of 66 puts.
A number of research analysts have recently published reports on the stock. The Goldman Sachs group downgraded Jabil’s stock from a “buy” rating to a “neutral” rating and set a target price of $ 41.00 on the stock. in a research report on Tuesday, December 8. Smith Barney Citigroup raised its price target on Jabil shares from $ 50.00 to $ 60.00 in a research note on Friday, December 18. Russell-based Citigroup Inc. 3% Minimum Coupon Protected Principal Amount raised its price target on Jabil shares from $ 50.00 to $ 60.00 in a research note on Friday, December 18. Royal Bank of Canada raised its price target on Jabil shares from $ 38.00 to $ 44.00 and gave the company a “sector performance” rating in a research note on Friday, December 18. To finish, Zacks investment research downgraded Jabil’s stock from a “buy” rating to a “maintain” rating and set a target price of $ 48.00 for the company. in a research note on Wednesday February 17. Three analysts rated the stock with a sustaining rating and four gave the company a buy rating. The company has a consensus rating of “Buy” and an average target price of $ 46.22.
Meanwhile, CEO Steven D. Borges sold 10,000 shares of the company’s stock in a trade that took place on Friday, February 5. The shares were sold for an average price of $ 45.00, for a total value of $ 450,000.00. As a result of the transaction, the CEO now owns 297,429 shares of the company, valued at approximately $ 13,384,305. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. In addition, director Thomas A. Sansone sold 39,000 shares of the company’s stock in a trade on Thursday, December 17. The shares were sold for an average price of $ 45.25, for a total transaction of $ 1,764,750.00. As a result of the transaction, the director now owns 204,588 shares of the company, valued at approximately $ 9,257,607. Disclosure of this sale can be found here. Insiders have sold a total of 115,315 shares of the company valued at $ 5,261,971 in the past 90 days. Company insiders own 2.81% of the company’s shares.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vantage Consulting Group Inc acquired a new position in Jabil during the fourth quarter valued at approximately $ 26,000. Glassman Wealth Services increased its holdings of Jabil shares by 27,650.0% in the third quarter. Glassman Wealth Services now owns 1,110 shares of the tech company valued at $ 38,000 after purchasing an additional 1,106 shares in the last quarter. ForthRight Wealth Management LLC purchased a new stake in Jabil shares in the fourth quarter valued at approximately $ 49,000. TD Ameritrade Investment Management LLC purchased a new stake in Jabil shares in the fourth quarter valued at approximately $ 56,000. Finally, IFP Advisors Inc increased its holdings in Jabil shares by 772.7% in the fourth quarter. IFP Advisors Inc now owns 1,405 shares of the tech company valued at $ 60,000 after purchasing an additional 1,244 shares in the last quarter. Institutional investors hold 87.77% of the company’s shares.
NYSE JBL open for $ 48.84 Tuesday. Jabil has a one-year minimum of $ 17.63 and a one-year maximum of $ 49.00. The company has a debt to equity ratio of 1.34, a current ratio of 1.02, and a quick ratio of 0.68. The company has a market cap of $ 7.33 billion, a price / earnings ratio of 35.14, a PEG ratio of 0.97 and a beta of 1.32. The company has a fifty-day moving average price of $ 44.19 and a 200-day moving average price of $ 39.44.
Jabil (NYSE: JBL) last released its results on Wednesday, December 16. The tech company reported earnings per share (EPS) of $ 1.60 for the quarter, beating the Thomson Reuters consensus estimate of $ 1.27 by $ 0.33. The company posted revenue of $ 7.83 billion in the quarter, compared to $ 7.05 billion according to analysts’ estimates. Jabil had a net margin of 0.78% and a return on equity of 14.01%. The company’s turnover increased by 4.4% compared to the same quarter last year. In the same quarter of the previous year, the company posted EPS of $ 1.05. On average, research analysts predict Jabil will post 3.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 2. Investors of record on Monday, February 15, received a dividend of $ 0.08 per share. The ex-dividend date of this dividend was Friday February 12. This represents an annualized dividend of $ 0.32 and a return of 0.66%. Jabil’s payout ratio is currently 91.43%.
Jabil Company Profile
Jabil Inc provides manufacturing services and solutions worldwide. The company operates in two segments, electronic manufacturing services and diversified manufacturing services. It offers design, production and management services for electronic products. 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 electromechanics, such as printed circuit board assemblies (PCBA).
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