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

Key Points

• Jabil SVP Gary Schick sold 1,000 shares on March 24 at an average price of $278.33 for $278,330, and still directly owns 40,843 shares valued at about $11.37 million—a 2.39% decrease in his ownership.
• Jabil reported a fiscal-quarter beat with EPS $2.69 vs. $2.51 expected and revenue of $8.28 billion (up 23.1% year-over-year), while net margin was 2.48% and return on equity was 80.96%.
• Shares traded up ~2% to $282.96 (near the 12-month high of $283.76), the company has a $29.9B market cap and 93.4% institutional ownership, and analysts have an average rating of “Moderate Buy” with a consensus price target of $283.25.

Jabil, Inc. (NYSE:JBL - Get Free Report) SVP Gary Schick sold 1,000 shares of Jabil stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $278.33, for a total transaction of $278,330.00. Following the transaction, the senior vice president directly owned 40,843 shares in the company, valued at $11,367,832.19. This represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jabil Stock Up 2.0%

Shares of NYSE JBL traded up $5.58 during trading on Wednesday, hitting $282.96. The stock had a trading volume of 1,100,778 shares, compared to its average volume of 1,216,820. The firm has a fifty day moving average of $254.51 and a two-hundred day moving average of $229.45. The company has a market capitalization of $29.88 billion, a PE ratio of 37.98, a PEG ratio of 1.46 and a beta of 1.22. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. Jabil, Inc. has a 12 month low of $108.66 and a 12 month high of $283.76.

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

Jabil Announces Dividend

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

Institutional Trading of Jabil

Several hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Jabil by 33.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,441 shares of the technology company's stock valued at $5,742,000 after acquiring an additional 6,594 shares during the period. Westfield Capital Management Co. LP bought a new position in Jabil in the 3rd quarter valued at $57,799,000. Envestnet Asset Management Inc. grew its position in shares of Jabil by 9.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company's stock valued at $67,732,000 after purchasing an additional 25,932 shares in the last quarter. Winnow Wealth LLC bought a new position in shares of Jabil in the third quarter worth $1,077,000. Finally, Legal & General Group Plc boosted its stake in Jabil by 0.9% during the second quarter. Legal & General Group Plc now owns 413,902 shares of the technology company's stock valued at $90,272,000 after buying an additional 3,752 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JBL has been the topic of a number of recent analyst reports. Raymond James Financial reiterated a "strong-buy" rating on shares of Jabil in a report on Thursday, December 18th. Wall Street Zen raised Jabil from a "buy" rating to a "strong-buy" rating in a research report on Saturday. The Goldman Sachs Group reissued a "buy" rating and issued a $282.00 price target on shares of Jabil in a report on Thursday, January 15th. Zacks Research lowered shares of Jabil from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 16th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Jabil in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Jabil has an average rating of "Moderate Buy" and a consensus price target of $283.25.

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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