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

Jabil, Inc. (NYSE:JBL) SVP Gary Schick sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $277.16, for a total transaction of $277,160.00. Following the completion of the sale, the senior vice president directly owned 37,314 shares of the company’s stock, valued at approximately $10,341,948.24. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Jabil Trading Down 5.0%

Shares of JBL traded down $14.05 during trading hours on Thursday, reaching $266.94. 1,532,536 shares of the company traded hands, compared to its average volume of 1,234,171. The company’s fifty day moving average price is $308.37 and its two-hundred day moving average price is $329.12. The company has a market capitalization of $27.97 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 0.83 and a beta of 1.30. The company has a quick ratio of 0.65, a current ratio of 0.99 and a debt-to-equity ratio of 1.78. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.05 by $0.35. The company had revenue of $10.62 billion during the quarter, compared to the consensus estimate of $9.69 billion. Jabil had a net margin of 2.90% and a return on equity of 89.50%. Jabil’s revenue was up 28.6% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Equities research analysts predict that Jabil, Inc. will post 16.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 16th. UBS Group reiterated a “buy” rating on shares of Jabil in a report on Thursday, October 8th. Zacks Research raised Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Barclays dropped their target price on shares of Jabil from $426.00 to $378.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Jabil from $425.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat.com, Jabil has an average rating of “Buy” and an average target price of $434.22.

Institutional Investors Weigh In On Jabil

Hedge funds have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. bought a new position in shares of Jabil during the second quarter valued at $25,000. Bell Investment Advisors Inc bought a new position in Jabil in the 2nd quarter worth about $35,000. PenderFund Capital Management Ltd. bought a new position in Jabil in the 2nd quarter worth about $44,000. Persistent Asset Partners Ltd bought a new position in Jabil in the 2nd quarter worth about $45,000. Finally, Jones Financial Companies Lllp purchased a new stake in Jabil during the 2nd quarter valued at about $46,000. 93.39% of the stock is owned by institutional investors.

Jabil Company Profile

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.