Jabil (NYSE:JBL) Upgraded at Zacks Research

Zacks Research upgraded shares of Jabil (NYSE:JBL) from a hold rating to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

JBL has been the subject of several other reports. Robert W. Baird raised their price objective on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. upped their target price on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Stifel Nicolaus increased their target price on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Raymond James Financial reissued a “strong-buy” rating on shares of Jabil in a report on Thursday, December 18th. Finally, Wall Street Zen downgraded Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Jabil has an average rating of “Buy” and an average target price of $283.25.

Jabil Trading Up 3.7%

JBL stock opened at $321.57 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 company has a fifty day moving average price of $268.07 and a two-hundred day moving average price of $237.46. Jabil has a one year low of $127.72 and a one year high of $323.55. The stock has a market cap of $33.93 billion, a price-to-earnings ratio of 43.16, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

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, beating the consensus estimate of $2.51 by $0.18. The company had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The company’s revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 earnings per share. Equities analysts anticipate that Jabil will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given 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 was Tuesday, February 17th. Jabil’s payout ratio is presently 4.30%.

Insiders Place Their Bets

In related news, SVP Adam E. Berry sold 1,585 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $301.23, for a total transaction of $477,449.55. Following the sale, the senior vice president owned 16,335 shares of the company’s stock, valued at $4,920,592.05. This represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Dastoor sold 9,467 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $286.64, for a total value of $2,713,620.88. Following the transaction, the chief executive officer owned 253,099 shares in the company, valued at approximately $72,548,297.36. This trade represents a 3.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,474 shares of company stock valued at $11,652,721 in the last quarter. Company insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Krilogy Financial LLC bought a new stake in Jabil during the first quarter worth about $176,000. Brookstone Capital Management increased its holdings in Jabil by 21.8% in the 1st quarter. Brookstone Capital Management now owns 2,409 shares of the technology company’s stock valued at $640,000 after buying an additional 431 shares during the period. SG Americas Securities LLC increased its holdings in Jabil by 30.7% in the 1st quarter. SG Americas Securities LLC now owns 77,882 shares of the technology company’s stock valued at $20,688,000 after buying an additional 18,307 shares during the period. Lincoln Capital Corp acquired a new position in shares of Jabil in the 1st quarter valued at approximately $201,000. Finally, E. Ohman J or Asset Management AB lifted its holdings in shares of Jabil by 26.7% during the 1st quarter. E. Ohman J or Asset Management AB now owns 3,799 shares of the technology company’s stock worth $1,009,000 after acquiring an additional 800 shares during the period. Institutional investors own 93.39% of the company’s stock.

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.