Insider Selling: Jabil (NYSE:JBL) EVP Sells $1,627,556.26 in Stock

Jabil, Inc. (NYSE:JBL) EVP Steven Borges sold 5,126 shares of Jabil stock in a transaction that occurred 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 owned 71,398 shares of the company’s stock, valued at approximately $22,669,578.98. The trade was a 6.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Jabil Trading Up 0.8%

Shares of Jabil stock opened at $336.37 on Thursday. Jabil, Inc. has a 1 year low of $138.40 and a 1 year high of $338.48. The firm has a market cap of $35.49 billion, a PE ratio of 45.15, a PEG ratio of 1.73 and a beta of 1.16. 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 50 day simple moving average of $272.35 and a two-hundred day simple moving average of $240.17.

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. Analysts expect that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JBL. Integrated Wealth Concepts LLC increased its stake in shares of Jabil by 34.4% in the first quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock worth $382,000 after buying an additional 720 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Jabil by 70.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock worth $2,493,000 after buying an additional 7,602 shares during the period. Focus Partners Wealth increased its stake in shares of Jabil by 20.0% in the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock worth $676,000 after buying an additional 829 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Jabil by 50.0% in the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock worth $79,000 after buying an additional 194 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Jabil in the second quarter worth $488,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on JBL shares. Weiss Ratings upgraded shares of Jabil from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, April 9th. UBS Group boosted their price objective on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Stifel Nicolaus boosted their price objective on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Barclays boosted their price objective on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Finally, Wall Street Zen lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $290.63.

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.