Jabil, Inc. (NYSE:JBL) Sees Large Decline in Short Interest

Jabil, Inc. (NYSE:JBL) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 2,720,435 shares, a decline of 13.0% from the February 26th total of 3,127,041 shares. Based on an average daily volume of 1,157,129 shares, the days-to-cover ratio is currently 2.4 days. Approximately 2.6% of the shares of the company are short sold.

Insider Buying and Selling at Jabil

In related news, SVP Gary K. Schick sold 1,000 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $278.33, for a total value of $278,330.00. Following the completion of the transaction, the senior vice president owned 40,843 shares in the company, valued at $11,367,832.19. This represents a 2.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael Dastoor sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $246.91, for a total transaction of $3,703,650.00. Following the transaction, the chief executive officer directly owned 262,566 shares in the company, valued at approximately $64,830,171.06. The trade was a 5.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 80,018 shares of company stock valued at $19,545,381. 1.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Jabil

Institutional investors have recently bought and sold shares of the business. Greenline Wealth Management LLC acquired a new stake in shares of Jabil during the fourth quarter worth approximately $28,000. First Horizon Corp acquired a new position in Jabil in the 3rd quarter valued at approximately $30,000. True Wealth Design LLC lifted its position in Jabil by 250.0% in the 3rd quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after buying an additional 100 shares in the last quarter. Virtus Advisers LLC purchased a new stake in Jabil in the 4th quarter worth approximately $32,000. Finally, DV Equities LLC acquired a new stake in shares of Jabil during the 4th quarter valued at $34,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JBL has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $282.00 target price on shares of Jabil in a report on Thursday, January 15th. Stifel Nicolaus boosted their price objective on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Jabil in a research note on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jabil in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $283.25.

Jabil Stock Up 7.2%

JBL stock opened at $265.33 on Wednesday. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. The firm has a market capitalization of $28.02 billion, a P/E ratio of 35.62, a P/E/G ratio of 1.28 and a beta of 1.22. Jabil has a 52-week low of $108.66 and a 52-week high of $283.76. The company’s 50 day simple moving average is $256.04 and its 200-day simple moving average is $231.27.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The firm had revenue of $8.28 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same quarter last year, the business posted $1.94 EPS. The company’s revenue was up 23.1% on a year-over-year basis. As a group, equities research analysts anticipate that Jabil will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, February 17th. Jabil’s payout ratio is presently 4.30%.

Jabil Company Profile

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.