Insider Selling: Jabil (NYSE:JBL) SVP Sells $272,800.00 in Stock

Jabil, Inc. (NYSE:JBL) SVP Adam Berry sold 1,000 shares of Jabil stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $272.80, for a total value of $272,800.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Jabil Trading Up 0.1%

Shares of NYSE JBL opened at $268.85 on Friday. Jabil, Inc. has a 12-month low of $108.66 and a 12-month high of $283.76. The company has a market cap of $28.39 billion, a price-to-earnings ratio of 36.09, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. The stock’s 50 day simple moving average is $257.40 and its 200 day simple moving average is $232.32.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share 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 for the quarter, compared to analyst estimates of $7.75 billion. During the same period last year, the company earned $1.94 earnings per share. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities research analysts expect that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

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

Institutional Trading of Jabil

A number of hedge funds have recently bought and sold shares of JBL. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Jabil by 33.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,441 shares of the technology company’s stock worth $5,742,000 after buying an additional 6,594 shares during the period. Westfield Capital Management Co. LP acquired a new position in Jabil during the third quarter valued at $57,799,000. Envestnet Asset Management Inc. raised its position in Jabil by 9.1% during the third quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company’s stock valued at $67,732,000 after buying an additional 25,932 shares during the period. Winnow Wealth LLC purchased a new stake in Jabil in the 3rd quarter worth about $1,077,000. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in Jabil by 395.7% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,690 shares of the technology company’s stock worth $1,887,000 after acquiring an additional 6,937 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on JBL shares. Wall Street Zen raised Jabil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. UBS Group upped their price objective on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. The Goldman Sachs Group reissued a “buy” rating and set a $282.00 target price on shares of Jabil in a research note on Thursday, January 15th. Zacks Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Finally, Barclays upped their target price on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.