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

Key Points

• Gary Schick sold 1,000 Jabil shares on April 30 at an average price of $340 for $340,000, leaving the SVP with 39,843 shares (a 2.45% reduction) as disclosed in an SEC filing.
• Jabil beat estimates for the quarter with $2.69 EPS (vs. $2.51 expected) and $8.28 billion in revenue, up 23.1% year-over-year, and analysts project about 11.3 EPS for the fiscal year.
• The company announced a $0.08 quarterly dividend (annualized $0.32, ~0.1% yield; ex-dividend May 15) while shares trade around $340.67 near a one-year high, with a market cap of $35.94 billion and an average analyst rating of "Buy" (consensus target $290.63).

Jabil, Inc. (NYSE:JBL - Get Free Report) SVP Gary Schick sold 1,000 shares of the business's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $340.00, for a total transaction of $340,000.00. Following the completion of the sale, the senior vice president directly owned 39,843 shares in the company, valued at approximately $13,546,620. This represents a 2.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Jabil Trading Down 0.5%

NYSE:JBL traded down $1.80 during trading hours on Monday, hitting $340.67. 769,159 shares of the company were exchanged, compared to its average volume of 1,057,402. The stock has a market capitalization of $35.94 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 1.78 and a beta of 1.29. Jabil, Inc. has a one year low of $146.88 and a one year high of $349.62. The company has a fifty day simple moving average of $281.97 and a 200 day simple moving average of $246.17. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS 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 firm had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the previous year, the company posted $1.94 EPS. The business's revenue was up 23.1% on a year-over-year basis. Sell-side analysts expect that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, May 15th. Jabil's dividend payout ratio is currently 4.30%.

Hedge Funds Weigh In On Jabil

Several institutional investors have recently made changes to their positions in JBL. Greenline Wealth Management LLC acquired a new position in Jabil during the 4th quarter worth approximately $28,000. True Wealth Design LLC grew its stake in Jabil by 250.0% in the third quarter. True Wealth Design LLC now owns 140 shares of the technology company's stock valued at $30,000 after acquiring an additional 100 shares during the period. First Horizon Corp acquired a new stake in Jabil in the third quarter valued at approximately $30,000. Veracity Capital LLC increased its holdings in shares of Jabil by 4,144.3% during the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company's stock valued at $31,000 after acquiring an additional 3,647 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new position in shares of Jabil during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on JBL shares. Bank of America upped 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, April 20th. The Goldman Sachs Group restated a "buy" rating and issued a $282.00 target price on shares of Jabil in a report on Thursday, January 15th. Wall Street Zen cut shares of Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 11th. Robert W. Baird increased their price target on Jabil from $275.00 to $281.00 and gave the stock an "outperform" rating in a report on Thursday, March 19th. Finally, Weiss Ratings downgraded Jabil from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $290.63.

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.

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