Comerica Bank Sells 86,545 Shares of Jabil, Inc. $JBL

Key Points

• Comerica Bank cut its Jabil stake by 69.4%, selling 86,545 shares and leaving 38,240 shares valued at about $8.72 million.
• Company insiders have been selling too — Director Anousheh Ansari sold 2,000 shares at $300 and CEO Michael Dastoor sold 9,467 shares at $286.64, part of 37,403 insider shares sold (~$11.12M) in the last 90 days.
• Despite the selling, Jabil reported a beat with $2.69 EPS and revenue of $8.28B (up 23.1% YoY), prompting analyst price-target raises (average target ≈$290.63) while the stock trades near its 52‑week high (~$333).

Comerica Bank decreased its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 69.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,240 shares of the technology company's stock after selling 86,545 shares during the period. Comerica Bank's holdings in Jabil were worth $8,720,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC boosted its stake in shares of Jabil by 250.0% in the third quarter. True Wealth Design LLC now owns 140 shares of the technology company's stock worth $30,000 after acquiring an additional 100 shares during the period. First Horizon Corp bought a new position in shares of Jabil in the third quarter worth about $30,000. Veracity Capital LLC boosted its stake in shares of Jabil by 4,144.3% in the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company's stock worth $31,000 after acquiring an additional 3,647 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of Jabil in the third quarter worth about $43,000. Finally, Rothschild Investment LLC boosted its stake in Jabil by 51.1% during the third quarter. Rothschild Investment LLC now owns 213 shares of the technology company's stock valued at $46,000 after buying an additional 72 shares during the last quarter. Institutional investors own 93.39% of the company's stock.

Insider Buying and Selling

In related news, Director Anousheh Ansari sold 2,000 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the transaction, the director owned 31,800 shares of the company's stock, valued at $9,540,000. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Dastoor sold 9,467 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $286.64, for a total value of $2,713,620.88. Following the completion of the transaction, the chief executive officer directly owned 253,099 shares in the company, valued at approximately $72,548,297.36. This trade represents a 3.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,403 shares of company stock valued at $11,123,611 over the last 90 days. 1.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

JBL has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on Jabil from $270.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, March 12th. Stifel Nicolaus upped their price objective on Jabil from $255.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, March 19th. The Goldman Sachs Group restated a "buy" rating and set a $282.00 price objective on shares of Jabil in a research report on Thursday, January 15th. Wall Street Zen downgraded Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 11th. Finally, Zacks Research upgraded Jabil from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Jabil currently has an average rating of "Buy" and an average target price of $290.63.

Jabil Trading Up 0.8%

Shares of NYSE JBL opened at $333.41 on Thursday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The business's 50 day moving average price is $280.46 and its 200-day moving average price is $244.88. Jabil, Inc. has a fifty-two week low of $142.03 and a fifty-two week high of $346.22. The company has a market cap of $35.18 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 1.77 and a beta of 1.16.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.18. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The company's revenue for the quarter was up 23.1% on a year-over-year basis. On average, sell-side analysts expect that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, May 15th. Jabil's dividend payout ratio is presently 4.30%.

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.

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