Jabil, Inc. (NYSE:JBL) Sees Significant Decrease in Short Interest

Jabil, Inc. (NYSE:JBL) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 2,720,435 shares, a decrease of 13.0% from the February 26th total of 3,127,041 shares. Based on an average trading volume of 1,157,129 shares, the short-interest ratio is presently 2.4 days. Approximately 2.6% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on JBL shares. Raymond James Financial reissued a “strong-buy” rating on shares of Jabil in a research report on Thursday, December 18th. Bank of America boosted their target price on shares of Jabil from $280.00 to $295.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Stifel Nicolaus increased their price target on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, March 19th. The Goldman Sachs Group reissued a “buy” rating and issued a $282.00 price target on shares of Jabil in a report on Thursday, January 15th. Finally, Robert W. Baird boosted their price objective on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $283.25.

Jabil Price Performance

Shares of NYSE:JBL opened at $247.46 on Tuesday. The firm has a market capitalization of $26.13 billion, a PE ratio of 33.22, a PEG ratio of 1.35 and a beta of 1.22. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. Jabil has a 1-year low of $108.66 and a 1-year high of $283.76. The business’s 50 day moving average is $255.67 and its 200-day moving average is $230.91.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. The business had revenue of $8.28 billion during the quarter, compared to analyst estimates of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.Jabil’s revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 earnings per share. Sell-side analysts predict that Jabil will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid 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 is currently 4.30%.

Insider Buying and Selling

In other news, SVP Adam E. Berry sold 1,596 shares of Jabil stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $253.20, for a total value of $404,107.20. Following the transaction, the senior vice president directly owned 18,920 shares in the company, valued at approximately $4,790,544. The trade was a 7.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Dastoor sold 15,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 262,566 shares of the company’s stock, valued at $64,830,171.06. This represents a 5.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 80,018 shares of company stock valued at $19,545,381 in the last quarter. Insiders own 1.35% of the company’s stock.

Institutional Trading of Jabil

Institutional investors have recently made changes to their positions in the business. State Street Corp raised its position in Jabil by 0.7% in the third quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock worth $1,129,207,000 after purchasing an additional 36,646 shares in the last quarter. Primecap Management Co. CA boosted its holdings in 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 purchasing an additional 12,600 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 42,422 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Jabil by 45.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock valued at $429,714,000 after purchasing an additional 591,364 shares during the period. Finally, Norges Bank bought a new stake in shares of Jabil in the 4th quarter valued at approximately $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.