Insider Selling: Jabil (NYSE:JBL) EVP Sells $1,137,380.00 in Stock

Jabil, Inc. (NYSE:JBL) EVP Matthew Crowley sold 3,922 shares of the stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $290.00, for a total value of $1,137,380.00. Following the transaction, the executive vice president owned 63,410 shares of the company’s stock, valued at $18,388,900. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jabil Price Performance

Shares of JBL traded down $15.54 during trading hours on Friday, hitting $272.23. The stock had a trading volume of 1,279,129 shares, compared to its average volume of 1,233,178. The stock has a market capitalization of $28.03 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 0.87 and a beta of 1.30. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.99 and a quick ratio of 0.65. The company’s fifty day moving average is $300.44 and its two-hundred day moving average is $306.54. Jabil, Inc. has a 52 week low of $189.60 and a 52 week high of $428.93.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.35. The company had revenue of $10.62 billion during the quarter, compared to analyst estimates of $9.69 billion. Jabil had a net margin of 2.90% and a return on equity of 89.50%. The company’s revenue was up 28.6% on a year-over-year basis. During the same quarter last year, the business posted $3.29 earnings per share. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. On average, analysts anticipate that Jabil, Inc. will post 16.53 EPS for the current year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Monday, November 16th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, November 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio is 3.27%.

Institutional Trading of Jabil

Several institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC bought a new stake in Jabil during the first quarter valued at approximately $1,333,000. Assenagon Asset Management S.A. raised its position in Jabil by 844.8% in the third quarter. Assenagon Asset Management S.A. now owns 741,680 shares of the technology company’s stock worth $212,758,000 after acquiring an additional 663,178 shares during the period. Deutsche Bank AG bought a new position in Jabil in the second quarter worth approximately $207,874,000. Mizuho Markets Americas LLC purchased a new position in shares of Jabil during the 1st quarter worth $14,610,000. Finally, Royal Bank of Canada boosted its stake in shares of Jabil by 3.1% during the 1st quarter. Royal Bank of Canada now owns 159,761 shares of the technology company’s stock worth $42,436,000 after acquiring an additional 4,747 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JBL has been the subject of a number of analyst reports. UBS Group reiterated a “buy” rating on shares of Jabil in a research note on Thursday, October 8th. Barclays dropped their target price on Jabil from $426.00 to $378.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 16th. The Goldman Sachs Group lowered their price target on Jabil from $482.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, September 8th. Finally, Argus restated a “buy” rating and set a $475.00 price objective on shares of Jabil in a research note on Thursday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $434.22.

About Jabil

Jabil Inc is a global manufacturing services company that helps leading brands design, produce and manage the supply chains for a wide range of products. Its services include product design and engineering, electronics and mechanical manufacturing, assembly, testing, packaging, supply chain management and aftermarket services.

The company serves customers across several industries, including cloud and data center infrastructure, automotive, healthcare, mobility, consumer products, industrial technology and packaging.