Gary Schick Sells 1,000 Shares of Jabil (NYSE:JBL) Stock

Jabil, Inc. (NYSE:JBL) SVP Gary Schick sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $278.33, for a total value of $278,330.00. Following the completion of the sale, the senior vice president directly owned 40,843 shares in the company, valued at approximately $11,367,832.19. The trade was a 2.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jabil Price Performance

Shares of NYSE JBL traded up $5.58 during midday trading on Wednesday, hitting $282.96. 1,100,778 shares of the company’s stock were exchanged, compared to its average volume of 1,216,820. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. The business’s fifty day moving average price is $254.51 and its two-hundred day moving average price is $229.45. The company has a market cap of $29.88 billion, a price-to-earnings ratio of 37.98, a PEG ratio of 1.46 and a beta of 1.22. Jabil, Inc. has a 12-month low of $108.66 and a 12-month high of $283.76.

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

Jabil Announces Dividend

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

Analysts Set New Price Targets

JBL has been the topic of a number of research reports. Zacks Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Robert W. Baird upped their price objective on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Bank of America increased 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. Barclays raised their price objective on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Finally, Wall Street Zen raised Jabil from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $283.25.

Institutional Trading of Jabil

Several hedge funds have recently added to or reduced their stakes in the business. Greenline Wealth Management LLC bought a new position in shares of Jabil during the fourth quarter valued at about $28,000. True Wealth Design LLC lifted its stake in shares of Jabil by 250.0% in the 3rd quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock valued at $30,000 after acquiring an additional 100 shares during the last quarter. First Horizon Corp purchased a new stake in Jabil during the 3rd quarter valued at about $30,000. Veracity Capital LLC boosted its holdings in Jabil by 4,144.3% during the 4th quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock valued at $31,000 after acquiring an additional 3,647 shares during the period. Finally, Virtus Advisers LLC bought a new position in Jabil during the 4th quarter worth approximately $32,000. 93.39% of the stock is owned by institutional investors.

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.