Steven Borges Sells 5,126 Shares of Jabil (NYSE:JBL) Stock

Jabil, Inc. (NYSE:JBL) EVP Steven Borges sold 5,126 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $317.51, for a total transaction of $1,627,556.26. Following the sale, the executive vice president directly owned 71,398 shares in the company, valued at $22,669,578.98. The trade was a 6.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jabil Stock Performance

JBL stock traded up $8.84 during midday trading on Monday, reaching $330.53. 861,044 shares of the company’s stock traded hands, compared to its average volume of 960,840. The company has a 50-day moving average price of $269.36 and a two-hundred day moving average price of $238.57. 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, Inc. has a 52 week low of $127.72 and a 52 week high of $331.82. The firm has a market capitalization of $34.87 billion, a PE ratio of 44.37, a price-to-earnings-growth ratio of 1.67 and a beta of 1.16.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. As a group, equities analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PenderFund Capital Management Ltd. grew its position in Jabil by 3.3% in the fourth quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company’s stock worth $287,000 after acquiring an additional 40 shares in the last quarter. Cidel Asset Management Inc. grew its position in Jabil by 4.8% in the first quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company’s stock worth $263,000 after acquiring an additional 45 shares in the last quarter. Hilton Head Capital Partners LLC grew its position in Jabil by 24.6% in the first quarter. Hilton Head Capital Partners LLC now owns 263 shares of the technology company’s stock worth $70,000 after acquiring an additional 52 shares in the last quarter. Savant Capital LLC grew its position in Jabil by 0.9% in the third quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock worth $1,266,000 after acquiring an additional 54 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in Jabil by 1.9% in the third quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock worth $630,000 after acquiring an additional 54 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Zacks Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. upped their price target on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $282.00 price target on shares of Jabil in a report on Thursday, January 15th. Finally, Barclays upped their price target on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $290.63.

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.