Investors Buy High Volume of Put Options on Jabil (NYSE:JBL)

Jabil, Inc. (NYSE:JBL) was the target of unusually large options trading on Wednesday. Stock traders purchased 10,369 put options on the stock. This is an increase of approximately 169% compared to the typical volume of 3,861 put options.

Insiders Place Their Bets

In other Jabil news, Director Anousheh Ansari sold 1,000 shares of Jabil stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $270.00, for a total transaction of $270,000.00. Following the completion of the transaction, the director owned 33,800 shares in the company, valued at approximately $9,126,000. The trade was a 2.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Adam E. Berry sold 1,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $272.80, for a total transaction of $272,800.00. Following the completion of the sale, the senior vice president directly owned 17,920 shares in the company, valued at $4,888,576. This trade represents a 5.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 61,018 shares of company stock worth $15,093,181. 1.35% of the stock is owned by company insiders.

Institutional Trading of Jabil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBL. Greenline Wealth Management LLC acquired a new stake in shares of Jabil in the fourth quarter worth approximately $28,000. True Wealth Design LLC increased its position in Jabil by 250.0% during the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after purchasing an additional 100 shares during the last quarter. First Horizon Corp purchased a new position in Jabil during the third quarter worth approximately $30,000. Veracity Capital LLC raised its stake in Jabil by 4,144.3% during the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after purchasing an additional 3,647 shares during the period. Finally, Virtus Advisers LLC acquired a new position in shares of Jabil in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on JBL shares. Barclays upped their target price on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Zacks Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Bank of America upped their price objective on Jabil from $280.00 to $295.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Stifel Nicolaus increased their price objective on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Finally, JPMorgan Chase & Co. lifted their price objective on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $283.25.

Jabil Stock Down 1.1%

Shares of NYSE JBL opened at $268.85 on Friday. Jabil has a 1 year low of $108.66 and a 1 year high of $283.76. The firm’s 50 day moving average price is $256.90 and its 200 day moving average price is $231.82. The firm has a market cap of $28.39 billion, a P/E ratio of 36.09, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share 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 company had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the previous year, the firm posted $1.94 EPS. Jabil’s revenue was up 23.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Jabil will post 8.05 earnings per share 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 given a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio is 4.30%.

About Jabil

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.