Insider Selling: Jabil (NYSE:JBL) SVP Sells $477,449.55 in Stock

Jabil, Inc. (NYSE:JBL) SVP Adam Berry sold 1,585 shares of the stock in a transaction on Friday, April 10th. The shares were sold at an average price of $301.23, for a total value of $477,449.55. Following the completion of the sale, the senior vice president owned 16,335 shares of the company’s stock, valued at approximately $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 can be accessed through this link.

Jabil Stock Down 0.3%

Shares of NYSE JBL opened at $304.98 on Thursday. Jabil, Inc. has a 12-month low of $127.72 and a 12-month high of $310.70. The company has a market cap of $32.17 billion, a P/E ratio of 40.94, a P/E/G ratio of 1.59 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 has a fifty day moving average price of $265.43 and a 200 day moving average price of $236.20.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the prior year, the firm earned $1.94 EPS. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. Research analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued 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 is currently 4.30%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JBL. Stifel Nicolaus increased their price target on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Weiss Ratings upgraded Jabil from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, April 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $282.00 price target on shares of Jabil in a report on Thursday, January 15th. Raymond James Financial reiterated a “strong-buy” rating on shares of Jabil in a report on Thursday, December 18th. Finally, JPMorgan Chase & Co. raised their target price on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $283.25.

Institutional Trading of Jabil

Several large investors have recently modified their holdings of the business. State Street Corp grew its stake in shares of Jabil by 0.7% during the third quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock valued at $1,129,207,000 after acquiring an additional 36,646 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of Jabil by 0.4% during the fourth quarter. Primecap Management Co. CA now owns 3,343,670 shares of the technology company’s stock valued at $762,424,000 after acquiring an additional 12,600 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Jabil by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock valued at $661,783,000 after acquiring an additional 42,422 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Jabil by 45.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock valued at $429,714,000 after acquiring an additional 591,364 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Jabil during the fourth quarter valued at about $407,299,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

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.