Insider Selling: Jabil (NYSE:JBL) SVP Sells 1,000 Shares of Stock

Jabil, Inc. (NYSE:JBL) SVP Adam Berry sold 1,000 shares of Jabil stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $272.80, for a total transaction of $272,800.00. Following the transaction, the senior vice president owned 17,920 shares of the company’s stock, valued at approximately $4,888,576. The trade was a 5.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Jabil Price Performance

Shares of JBL stock traded down $3.11 during trading hours on Thursday, hitting $268.85. The company’s stock had a trading volume of 794,693 shares, compared to its average volume of 1,190,647. The business has a fifty day moving average of $256.42 and a 200-day moving average of $231.56. The stock has a market cap of $28.39 billion, a price-to-earnings ratio of 36.09, a P/E/G ratio of 1.38 and a beta of 1.22. Jabil, Inc. has a twelve month low of $108.66 and a twelve month high of $283.76. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share 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 business had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period last year, the company 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, Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen raised Jabil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $282.00 price objective on shares of Jabil in a research report on Thursday, January 15th. Raymond James Financial reissued a “strong-buy” rating on shares of Jabil in a research note on Thursday, December 18th. Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Finally, Bank of America raised their price objective on Jabil from $280.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $283.25.

Hedge Funds Weigh In On Jabil

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Stance Capital LLC acquired a new stake in shares of Jabil during the 4th quarter worth $3,330,000. Corient Private Wealth LLC boosted its holdings in Jabil by 5.7% in the fourth quarter. Corient Private Wealth LLC now owns 35,792 shares of the technology company’s stock valued at $8,162,000 after acquiring an additional 1,946 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Jabil by 7.5% in the fourth quarter. Hsbc Holdings PLC now owns 274,258 shares of the technology company’s stock valued at $62,613,000 after acquiring an additional 19,037 shares during the last quarter. Reflection Asset Management purchased a new stake in Jabil during the fourth quarter valued at about $52,000. Finally, DGS Capital Management LLC purchased a new stake in Jabil during the fourth quarter valued at about $207,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

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.