Investors Buy High Volume of Put Options on Jabil (NYSE:JBL)

Jabil, Inc. (NYSE:JBL) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 10,369 put options on the stock. This represents an increase of 169% compared to the typical daily volume of 3,861 put options.

Insider Transactions at Jabil

In related news, Director Anousheh Ansari sold 1,000 shares of Jabil stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $270.00, for a total value of $270,000.00. Following the completion of the transaction, the director owned 33,800 shares in the company, valued at approximately $9,126,000. This trade represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Dastoor sold 15,000 shares of Jabil stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $246.91, for a total value of $3,703,650.00. Following the completion of the transaction, the chief executive officer owned 262,566 shares of the company’s stock, valued at approximately $64,830,171.06. This trade represents a 5.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 80,018 shares of company stock worth $19,545,381 in the last quarter. Company insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Jabil

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

Analysts Set New Price Targets

Several brokerages have issued reports on JBL. UBS Group raised their price objective on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Wall Street Zen upgraded Jabil from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Stifel Nicolaus raised their price target on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Barclays upped their price objective on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Finally, Robert W. Baird increased their target price on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.25.

Jabil Trading Up 2.5%

JBL opened at $272.25 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. The stock’s fifty day moving average is $256.42 and its two-hundred day moving average is $231.56. The company has a market capitalization of $28.75 billion, a P/E ratio of 36.54, a PEG ratio of 1.38 and a beta of 1.16. Jabil has a 52 week low of $108.66 and a 52 week high of $283.76.

Jabil (NYSE:JBL) last released 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. The company had revenue of $8.28 billion during 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 firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 earnings per share. Analysts forecast that Jabil will post 8.05 earnings per share 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. The ex-dividend date was Tuesday, February 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is currently 4.30%.

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.