Jabil Target of Unusually High Options Trading (NYSE:JBL)

Jabil, Inc. (NYSE:JBL) saw unusually large options trading activity on Wednesday. Investors purchased 10,369 put options on the stock. This is an increase of approximately 169% compared to the typical daily volume of 3,861 put options.

Jabil Stock Up 3.4%

Shares of JBL stock traded up $9.14 on Wednesday, reaching $274.77. 287,756 shares of the company’s stock traded hands, compared to its average volume of 1,189,331. The company has a market capitalization of $29.02 billion, a P/E ratio of 36.88, a price-to-earnings-growth ratio of 1.28 and a beta of 1.22. Jabil has a 12-month low of $108.66 and a 12-month high of $283.76. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The business’s 50 day moving average price is $256.04 and its two-hundred day moving average price is $231.27.

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

Jabil Announces Dividend

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

Insiders Place Their Bets

In other Jabil news, Director Anousheh Ansari sold 1,000 shares of Jabil stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $270.00, for a total value of $270,000.00. Following the transaction, the director owned 33,800 shares in the company, valued at approximately $9,126,000. The trade was a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Adam E. Berry sold 1,596 shares of the company’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $253.20, for a total value of $404,107.20. Following the completion of the transaction, the senior vice president directly owned 18,920 shares in the company, valued at $4,790,544. This represents a 7.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 80,018 shares of company stock worth $19,545,381. Company insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Jabil by 33.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,441 shares of the technology company’s stock worth $5,742,000 after purchasing an additional 6,594 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Jabil in the 3rd quarter valued at approximately $57,799,000. Envestnet Asset Management Inc. increased its holdings in Jabil by 9.1% in the third quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company’s stock worth $67,732,000 after buying an additional 25,932 shares during the last quarter. Winnow Wealth LLC bought a new position in Jabil during the third quarter valued at approximately $1,077,000. Finally, Banco Santander S.A. bought a new position in Jabil during the third quarter valued at approximately $908,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Raymond James Financial restated a “strong-buy” rating on shares of Jabil in a report on Thursday, December 18th. The Goldman Sachs Group reiterated a “buy” rating and issued a $282.00 price target on shares of Jabil in a research report on Thursday, January 15th. Barclays boosted their price objective on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Robert W. Baird upped their price objective on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Jabil in a report on Friday, January 9th. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $283.25.

About Jabil

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.