Jabil, Inc. (NYSE:JBL) Short Interest Update

Key Points

• Jabil, Inc. experienced a significant increase in short interest, rising by 38.5% from July to August, with 3,670,000 shares sold short as of August 15th.
• The company reported earnings of $2.55 per share for the last quarter, exceeding estimates and showing a 15.7% year-over-year revenue growth.
• Jabil recently declared a quarterly dividend of $0.08 per share, with a current dividend yield of 0.2%.

Jabil, Inc. (NYSE:JBL - Get Free Report) saw a large growth in short interest in August. As of August 15th, there was short interest totaling 3,670,000 shares, agrowthof38.5% from the July 31st total of 2,650,000 shares. Based on an average daily trading volume, of 1,490,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately3.5% of the company's shares are sold short. Approximately3.5% of the company's shares are sold short. Based on an average daily trading volume, of 1,490,000 shares, the days-to-cover ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group raised their target price on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Bank of America lifted their target price on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Barclays lifted their target price on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 17th. Raymond James Financial reiterated a "strong-buy" rating and issued a $230.00 target price (up from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. Finally, Wall Street Zen cut shares of Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.71.

Jabil Price Performance

JBL traded down $1.35 on Monday, hitting $208.75. 1,038,979 shares of the company's stock were exchanged, compared to its average volume of 1,338,609. Jabil has a fifty-two week low of $99.67 and a fifty-two week high of $232.84. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. The firm has a 50-day moving average price of $217.36 and a 200-day moving average price of $177.58. The stock has a market cap of $22.40 billion, a price-to-earnings ratio of 40.53, a P/E/G ratio of 1.23 and a beta of 1.25.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.27. The company had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The firm's quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.89 EPS. Jabil has set its FY 2025 guidance at 9.330-9.330 EPS. Q4 2025 guidance at 2.640-3.040 EPS. As a group, equities analysts anticipate that Jabil will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Jabil's payout ratio is presently 6.21%.

Insider Activity at Jabil

In related news, Director Anousheh Ansari sold 1,000 shares of Jabil stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $222.75, for a total transaction of $222,750.00. Following the completion of the sale, the director owned 36,400 shares in the company, valued at $8,108,100. This trade represents a 2.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $200.02, for a total transaction of $4,000,400.00. Following the sale, the chairman owned 1,400,190 shares of the company's stock, valued at $280,066,003.80. The trade was a 1.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 332,847 shares of company stock worth $67,200,247 over the last ninety days. 1.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. GFG Capital LLC acquired a new position in shares of Jabil during the 2nd quarter valued at about $26,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Jabil during the 1st quarter valued at about $27,000. Harbor Capital Advisors Inc. lifted its position in Jabil by 110.5% in the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock valued at $30,000 after buying an additional 116 shares during the last quarter. Traub Capital Management LLC acquired a new position in Jabil in the second quarter valued at about $33,000. Finally, Groupe la Francaise lifted its position in Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock valued at $34,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

About Jabil

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).

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