Jabil (NYSE:JBL) EVP Steven Borges Sells 5,126 Shares

Jabil, Inc. (NYSE:JBL) EVP Steven Borges sold 5,126 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $317.51, for a total value of $1,627,556.26. Following the sale, the executive vice president owned 71,398 shares in the company, valued at approximately $22,669,578.98. This trade represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Jabil Trading Up 2.7%

JBL stock opened at $330.53 on Tuesday. The business has a fifty day moving average price of $269.36 and a 200 day moving average price of $238.57. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. Jabil, Inc. has a fifty-two week low of $127.72 and a fifty-two week high of $331.82. The stock has a market capitalization of $34.87 billion, a price-to-earnings ratio of 44.37, a P/E/G ratio of 1.67 and a beta of 1.16.

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 return on equity of 80.96% and a net margin of 2.48%.The company had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The business’s revenue was up 23.1% on a year-over-year basis. Analysts expect that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on JBL shares. Stifel Nicolaus upped their target price on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Barclays raised their price target on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. JPMorgan Chase & Co. upped their price objective on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Robert W. Baird increased their price objective on Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. Finally, Weiss Ratings raised Jabil from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $290.63.

Institutional Investors Weigh In On Jabil

Institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Jabil by 33.2% during 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 purchasing an additional 6,594 shares during the period. Envestnet Asset Management Inc. lifted its stake in Jabil by 9.1% in 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. Westfield Capital Management Co. LP bought a new position in Jabil during the third quarter worth about $57,799,000. Winnow Wealth LLC acquired a new position in shares of Jabil during the 3rd quarter worth about $1,077,000. Finally, Banco Santander S.A. acquired a new position in shares of Jabil during the 3rd quarter worth about $908,000. 93.39% of the stock is owned by institutional investors.

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.