Key Points
- Adam Berry, Jabil SVP, sold 1,000 shares on April 1 at an average price of $272.80 for proceeds of $272,800, cutting his stake to 17,920 shares (a 5.29% decrease) valued at roughly $4.89 million.
- Jabil beat quarterly expectations with EPS of $2.69 (vs. $2.51 est.) and revenue of $8.28 billion (vs. $7.75 billion est.), as revenue rose 23.1% year‑over‑year.
- Analysts are upbeat, giving Jabil a consensus "Moderate Buy" rating with an average price target of $283.25 and several firms raising targets (some as high as $300) or upgrading to Buy/Strong‑Buy.
Jabil, Inc. (NYSE:JBL - Get Free Report) SVP Adam Berry sold 1,000 shares of Jabil stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $272.80, for a total transaction of $272,800.00. Following the transaction, the senior vice president directly owned 17,920 shares in the company, valued at approximately $4,888,576. This represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Jabil Price Performance
JBL opened at $268.85 on Friday. The stock has a market cap of $28.39 billion, a P/E ratio of 36.09, a P/E/G ratio of 1.41 and a beta of 1.16. Jabil, Inc. has a 12 month low of $108.66 and a 12 month high of $283.76. 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 company has a fifty day simple moving average of $256.90 and a 200 day simple moving average of $231.82.
Jabil (NYSE:JBL - Get Free Report) last posted its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $7.75 billion. During the same period in the previous year, the company posted $1.94 earnings per share. The company's revenue for the quarter was up 23.1% on a year-over-year basis. On average, research analysts expect that Jabil, Inc. will post 8.05 EPS for the current year.
Jabil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, February 17th. Jabil's dividend payout ratio is presently 4.30%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on JBL shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Jabil in a report on Friday, January 9th. The Goldman Sachs Group reiterated a "buy" rating and set a $282.00 target price on shares of Jabil in a report on Thursday, January 15th. Stifel Nicolaus lifted their price target on Jabil from $255.00 to $290.00 and gave the company a "buy" rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. boosted their price target on Jabil from $270.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, March 12th. Finally, Wall Street Zen raised Jabil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Jabil currently has an average rating of "Moderate Buy" and a consensus price target of $283.25.
View Our Latest Report on Jabil
Hedge Funds Weigh In On Jabil
A number of large investors have recently modified their holdings of the business. Stance Capital LLC bought a new stake in shares of Jabil during the 4th quarter worth approximately $3,330,000. Corient Private Wealth LLC grew its stake in shares of Jabil by 5.7% in the fourth quarter. Corient Private Wealth LLC now owns 35,792 shares of the technology company's stock valued at $8,162,000 after buying an additional 1,946 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Jabil by 7.5% during the fourth quarter. Hsbc Holdings PLC now owns 274,258 shares of the technology company's stock worth $62,613,000 after buying an additional 19,037 shares during the last quarter. Reflection Asset Management bought a new stake in Jabil during the fourth quarter worth $52,000. Finally, DGS Capital Management LLC acquired a new stake in Jabil in the fourth quarter valued at $207,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.
About Jabil
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
