Jabil, Inc. (NYSE:JBL - Get Free Report) SVP Gary Schick sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $277.16, for a total transaction of $277,160.00. Following the completion of the transaction, the senior vice president owned 37,314 shares in the company, valued at $10,341,948.24. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Jabil Price Performance
JBL opened at $266.94 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.99 and a debt-to-equity ratio of 1.78. Jabil, Inc. has a 52-week low of $189.60 and a 52-week high of $428.93. The company has a 50 day moving average of $306.29 and a two-hundred day moving average of $329.11. The company has a market cap of $27.97 billion, a P/E ratio of 27.29, a P/E/G ratio of 0.84 and a beta of 1.30.
Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.35. Jabil had a net margin of 2.90% and a return on equity of 89.50%. The company had revenue of $10.62 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the prior year, the business earned $3.29 earnings per share. The business's quarterly revenue was up 28.6% compared to the same quarter last year. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. On average, analysts expect that Jabil, Inc. will post 16.53 earnings per share for the current year.
Jabil Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Monday, November 16th will be given 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 is Monday, November 16th. Jabil's dividend payout ratio is 3.27%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC grew its holdings in Jabil by 8.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 1,807 shares of the technology company's stock valued at $518,000 after purchasing an additional 136 shares in the last quarter. Inspire Investing LLC increased its stake in Jabil by 13.0% during the 3rd quarter. Inspire Investing LLC now owns 20,692 shares of the technology company's stock worth $5,936,000 after buying an additional 2,386 shares during the period. MBL Wealth LLC purchased a new stake in Jabil during the 3rd quarter worth $305,000. Root Financial Partners LLC increased its stake in Jabil by 24.9% during the 3rd quarter. Root Financial Partners LLC now owns 782 shares of the technology company's stock worth $224,000 after buying an additional 156 shares during the period. Finally, Reyes Financial Architecture Inc. acquired a new position in Jabil in the 3rd quarter worth $41,000. 93.39% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
JBL has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Jabil from $425.00 to $430.00 and gave the company an "overweight" rating in a report on Thursday, October 1st. Barclays reduced their price objective on Jabil from $426.00 to $378.00 and set an "overweight" rating on the stock in a research note on Thursday, October 1st. Argus reaffirmed a "buy" rating and issued a $475.00 target price on shares of Jabil in a research report on Thursday, October 1st. Weiss Ratings lowered Jabil from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, September 16th. Finally, Zacks Research upgraded Jabil from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $434.22.
Read Our Latest Stock Analysis on JBL
Jabil Company Profile
(
Get Free Report)
Jabil Inc is a global manufacturing services company that helps leading brands design, produce and manage the supply chains for a wide range of products. Its services include product design and engineering, electronics and mechanical manufacturing, assembly, testing, packaging, supply chain management and aftermarket services.
The company serves customers across several industries, including cloud and data center infrastructure, automotive, healthcare, mobility, consumer products, industrial technology and packaging.
Further Reading
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