Insider Selling: Jabil (NYSE:JBL) EVP Sells 7,000 Shares of Stock

Key Points

• Steven Borges, Jabil EVP, sold 7,000 shares on April 8 at an average price of $290 for about $2.03M, reducing his direct stake by 7.73% to 83,524 shares; the transaction was disclosed in an SEC filing.
• JBL shares traded up roughly 2.1% to $293.24 and are trading near their 52‑week high, with a market cap around $31B and valuation metrics including a P/E of ~39.4 and PEG of ~1.49.
• Jabil recently beat quarterly expectations with $2.69 EPS and $8.28B revenue (revenue +23.1% YoY), pays a small dividend (annualized $0.32, ~0.1% yield), and has seen multiple analyst price‑target increases leaving a consensus rating of "Moderate Buy" (avg target ≈ $283.25).

Jabil, Inc. (NYSE:JBL - Get Free Report) EVP Steven Borges sold 7,000 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $290.00, for a total value of $2,030,000.00. Following the completion of the sale, the executive vice president directly owned 83,524 shares in the company, valued at $24,221,960. This represents a 7.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Jabil Stock Up 2.1%

JBL stock traded up $6.10 during mid-day trading on Thursday, reaching $293.24. The company had a trading volume of 1,017,111 shares, compared to its average volume of 1,221,137. 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 company has a market capitalization of $30.97 billion, a price-to-earnings ratio of 39.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16. The firm has a fifty day simple moving average of $260.37 and a 200 day simple moving average of $233.89. Jabil, Inc. has a fifty-two week low of $127.72 and a fifty-two week high of $295.22.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.51 by $0.18. The company had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.Jabil's revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 EPS. Analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, February 17th. Jabil's dividend payout ratio (DPR) is 4.30%.

Analyst Ratings Changes

JBL has been the topic of several research analyst reports. Raymond James Financial reissued a "strong-buy" rating on shares of Jabil in a research report on Thursday, December 18th. Barclays raised their target price on Jabil from $283.00 to $304.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 18th. Stifel Nicolaus raised their target price on Jabil from $255.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. Robert W. Baird raised their target price on Jabil from $275.00 to $281.00 and gave the stock an "outperform" rating in a research report on Thursday, March 19th. Finally, JPMorgan Chase & Co. raised their target price on Jabil from $270.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $283.25.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JBL. Norges Bank purchased a new position in Jabil during the 4th quarter worth approximately $407,299,000. Arrowstreet Capital Limited Partnership grew its stake in Jabil by 1,157.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company's stock worth $315,964,000 after buying an additional 1,339,247 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Jabil by 107.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,319,675 shares of the technology company's stock worth $286,594,000 after buying an additional 682,899 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Jabil by 45.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company's stock worth $429,714,000 after buying an additional 591,364 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in Jabil during the 4th quarter worth approximately $121,710,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.