Jabil (NYSE:JBL) SVP Sells $501,213.16 in Stock

Jabil, Inc. (NYSE:JBL) SVP May Yee Yap sold 1,634 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total transaction of $501,213.16. Following the transaction, the senior vice president directly owned 23,787 shares in the company, valued at approximately $7,296,424.38. This trade represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jabil Stock Performance

NYSE:JBL opened at $336.37 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. Jabil, Inc. has a fifty-two week low of $138.40 and a fifty-two week high of $338.48. The stock has a market cap of $35.49 billion, a PE ratio of 45.15, a price-to-earnings-growth ratio of 1.73 and a beta of 1.16. The firm’s fifty day simple moving average is $272.35 and its 200-day simple moving average is $240.17.

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. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The business had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter last year, the business posted $1.94 earnings per share. The business’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.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on JBL shares. UBS Group increased their price objective on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. Bank of America increased their price objective on shares of Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Barclays increased their price objective on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $282.00 price objective on shares of Jabil in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Jabil currently has an average rating of “Buy” and an average price target of $290.63.

Institutional Investors Weigh In On Jabil

A number of large investors have recently added to or reduced their stakes in the business. Greenline Wealth Management LLC purchased a new position in Jabil in the 4th quarter valued at about $28,000. First Horizon Corp purchased a new position in Jabil in the 3rd quarter valued at about $30,000. True Wealth Design LLC lifted its holdings in 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 purchasing an additional 100 shares in the last quarter. Virtus Advisers LLC purchased a new position in Jabil in the 4th quarter valued at about $32,000. Finally, DV Equities LLC purchased a new position in Jabil in the 4th quarter valued at about $34,000. 93.39% of the stock is owned by institutional investors and hedge funds.

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.