Investors Purchase High Volume of Put Options on Jabil (JBL)

Jabil Inc (NYSE:JBL) saw unusually large options trading activity on Friday. Investors purchased 15,142 put options on the company. This represents an increase of approximately 1,348% compared to the average daily volume of 1,046 put options.

A number of research firms have recently weighed in on JBL. Goldman Sachs Group lowered shares of Jabil from a “neutral” rating to a “sell” rating and cut their price objective for the company from $28.00 to $26.00 in a research report on Tuesday, October 10th. Citigroup reissued a “sell” rating and issued a $28.00 price objective on shares of Jabil in a research report on Thursday, September 28th. Needham & Company LLC reissued a “buy” rating and issued a $37.00 price objective on shares of Jabil in a research report on Wednesday, September 27th. Zacks Investment Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Finally, UBS reissued a “buy” rating and issued a $35.00 price objective on shares of Jabil in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $30.50.

In other Jabil news, CEO Mark T. Mondello sold 30,000 shares of Jabil stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $28.48, for a total transaction of $854,400.00. Following the completion of the transaction, the chief executive officer now owns 1,836,889 shares in the company, valued at $52,314,598.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO William D. Muir, Jr. sold 26,420 shares of Jabil stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $28.00, for a total transaction of $739,760.00. Following the transaction, the chief operating officer now owns 341,840 shares of the company’s stock, valued at approximately $9,571,520. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,680 shares of company stock valued at $4,204,246. 2.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in JBL. IHT Wealth Management LLC grew its holdings in Jabil by 142.6% in the second quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock valued at $159,000 after purchasing an additional 211 shares during the period. Advisor Group Inc. grew its holdings in Jabil by 68.2% in the second quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock valued at $168,000 after purchasing an additional 2,337 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Jabil by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock valued at $177,000 after purchasing an additional 547 shares during the period. Stevens Capital Management LP purchased a new stake in Jabil in the second quarter valued at approximately $206,000. Finally, Bridgewater Associates LP purchased a new stake in Jabil in the second quarter valued at approximately $219,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

Shares of Jabil (NYSE:JBL) opened at $27.87 on Monday. Jabil has a twelve month low of $22.78 and a twelve month high of $31.70. The stock has a market cap of $4,928.98, a P/E ratio of 16.59, a P/E/G ratio of 1.05 and a beta of 0.55. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.54.

Jabil (NYSE:JBL) last released its earnings results on Thursday, December 14th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Jabil had a net margin of 0.54% and a return on equity of 12.90%. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the firm earned $0.69 earnings per share. Jabil’s revenue was up 9.4% compared to the same quarter last year. equities analysts anticipate that Jabil will post 2.22 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a $0.08 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.15%. Jabil’s payout ratio is 56.14%.

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About Jabil

Jabil Inc, formerly Jabil Circuit, Inc, 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’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.

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