Moran Wealth Management LLC Sells 2,088 Shares of Jabil, Inc. $JBL

Moran Wealth Management LLC lowered its stake in Jabil, Inc. (NYSE:JBL) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,521 shares of the technology company’s stock after selling 2,088 shares during the quarter. Moran Wealth Management LLC’s holdings in Jabil were worth $9,011,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in JBL. Savant Capital LLC lifted its holdings in shares of Jabil by 0.9% during the 3rd quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock valued at $1,266,000 after buying an additional 54 shares during the period. Brown Brothers Harriman & Co. grew its holdings in shares of Jabil by 1.9% in the third quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock worth $630,000 after acquiring an additional 54 shares during the period. TD Private Client Wealth LLC increased its position in Jabil by 11.2% during the third quarter. TD Private Client Wealth LLC now owns 584 shares of the technology company’s stock valued at $127,000 after acquiring an additional 59 shares during the last quarter. Measured Wealth Private Client Group LLC increased its position in Jabil by 2.1% during the third quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company’s stock valued at $613,000 after acquiring an additional 59 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Jabil by 2.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company’s stock valued at $483,000 after acquiring an additional 60 shares during the period. Institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on JBL shares. Stifel Nicolaus raised their target price on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Robert W. Baird increased their price objective on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Barclays raised their price objective on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. UBS Group boosted their target price on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Finally, Zacks Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $283.25.

Jabil Stock Performance

Shares of JBL opened at $321.57 on Friday. The business has a 50-day simple moving average of $268.07 and a two-hundred day simple moving average of $237.46. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. Jabil, Inc. has a 52 week low of $127.72 and a 52 week high of $323.55. The stock has a market cap of $33.93 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 1.61 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. The firm had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 EPS. On average, 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 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 dividend payout ratio is presently 4.30%.

Insider Transactions at Jabil

In other news, EVP Andrew Priestley sold 4,000 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $301.00, for a total transaction of $1,204,000.00. Following the sale, the executive vice president directly owned 60,267 shares in the company, valued at $18,140,367. This trade represents a 6.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Dastoor sold 9,467 shares of Jabil stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $286.64, for a total transaction 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. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 42,474 shares of company stock valued at $11,652,721. Company insiders own 1.35% of the company’s stock.

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.