Insider Selling: Jabil (NYSE:JBL) SVP Sells $277,160.00 in Stock

Key Points

• Jabil SVP Gary Schick sold 1,000 shares at an average price of $277.16, generating $277,160. Following the transaction, he retained 37,314 shares, representing a 2.61% reduction in his holdings.
• Jabil reported quarterly EPS of $4.40, beating estimates by $0.35, while revenue reached $10.62 billion and increased 28.6% year over year.
• Despite the stock trading at $266.94, analysts maintain a consensus “Buy” rating with an average price target of $434.22; institutional investors own 93.39% of the shares.

Jabil, Inc. (NYSE:JBL - Get Free Report) SVP Gary Schick sold 1,000 shares of the business's stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $277.16, for a total value of $277,160.00. Following the transaction, the senior vice president directly owned 37,314 shares of the company's stock, valued at approximately $10,341,948.24. The trade was a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Jabil Price Performance

Shares of JBL stock traded down $14.05 on Thursday, reaching $266.94. The company had a trading volume of 1,532,536 shares, compared to its average volume of 1,234,171. The business's 50-day moving average is $308.37 and its 200 day moving average is $329.12. The stock has a market capitalization of $27.97 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 0.83 and a beta of 1.30. Jabil, Inc. has a one year low of $189.60 and a one year high of $428.93. 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 (NYSE:JBL - Get Free Report) last issued its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 EPS for the quarter, beating the consensus estimate of $4.05 by $0.35. The business 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%. The firm's revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.29 EPS. 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 forecast that Jabil, Inc. will post 16.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on JBL shares. JPMorgan Chase & Co. raised their price target on shares of Jabil from $425.00 to $430.00 and gave the stock an "overweight" rating in a report on Thursday, October 1st. Zacks Research upgraded Jabil from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. Argus reissued a "buy" rating and set a $475.00 target price on shares of Jabil in a research note on Thursday, October 1st. The Goldman Sachs Group reduced their price objective on Jabil from $482.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, September 8th. Finally, Weiss Ratings downgraded shares of Jabil from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $434.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC boosted its holdings in shares of Jabil by 24.9% during the third quarter. Root Financial Partners LLC now owns 782 shares of the technology company's stock worth $224,000 after purchasing an additional 156 shares during the period. Reyes Financial Architecture Inc. bought a new stake in shares of Jabil in the 3rd quarter worth approximately $41,000. Range Financial Group LLC increased its stake in shares of Jabil by 3.2% during the third quarter. Range Financial Group LLC now owns 2,115 shares of the technology company's stock valued at $607,000 after buying an additional 65 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Jabil by 2.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,417 shares of the technology company's stock valued at $4,423,000 after buying an additional 328 shares during the period. Finally, CWA Asset Management Group LLC raised its holdings in shares of Jabil by 1.2% during the third quarter. CWA Asset Management Group LLC now owns 44,142 shares of the technology company's stock valued at $12,663,000 after acquiring an additional 506 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

About Jabil

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.

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