Jabil (NYSE:JBL) SVP Adam Berry Sells 1,000 Shares of Stock

Jabil, Inc. (NYSE:JBL) SVP Adam Berry sold 1,000 shares of Jabil stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $272.80, for a total value of $272,800.00. Following the sale, the senior vice president directly owned 17,920 shares in the company, valued at $4,888,576. The trade was a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Jabil Price Performance

Jabil stock opened at $268.85 on Friday. The business has a 50 day simple moving average of $256.90 and a 200 day simple moving average of $231.82. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. The company has a market capitalization of $28.39 billion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16. Jabil, Inc. has a one year low of $108.66 and a one year high of $283.76.

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

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, February 17th. Jabil’s dividend payout ratio (DPR) is currently 4.30%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Jabil in a report on Thursday, December 18th. UBS Group lifted their price objective on Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. The Goldman Sachs Group restated a “buy” rating and set a $282.00 target price on shares of Jabil in a report on Thursday, January 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $283.25.

Institutional Investors Weigh In On Jabil

Several hedge funds and other institutional investors have recently made changes to their positions in JBL. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Jabil by 33.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,441 shares of the technology company’s stock valued at $5,742,000 after purchasing an additional 6,594 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of Jabil during the third quarter worth $57,799,000. Envestnet Asset Management Inc. increased its holdings in Jabil by 9.1% in the third quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company’s stock valued at $67,732,000 after purchasing an additional 25,932 shares during the last quarter. Winnow Wealth LLC acquired a new position in Jabil in the third quarter valued at about $1,077,000. Finally, Banco Santander S.A. acquired a new position in Jabil in the third quarter valued at about $908,000. 93.39% of the stock is owned by institutional investors and hedge funds.

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.