Jabil, Inc. (NYSE:JBL) Given Average Rating of “Moderate Buy” by Analysts

Shares of Jabil, Inc. (NYSE:JBL) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $283.25.

A number of analysts have issued reports on JBL shares. 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. Stifel Nicolaus increased their price target on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. UBS Group lifted their price objective on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research note on Friday, January 9th. Finally, Barclays upped their price objective on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th.

Insider Buying and Selling

In related news, Chairman Mark T. Mondello sold 20,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $236.25, for a total transaction of $4,725,000.00. Following the sale, the chairman directly owned 1,151,459 shares in the company, valued at approximately $272,032,188.75. The trade was a 1.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Dastoor sold 15,000 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $246.91, for a total value of $3,703,650.00. Following the sale, the chief executive officer directly owned 262,566 shares in the company, valued at $64,830,171.06. This trade represents a 5.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 80,018 shares of company stock valued at $19,545,381 in the last 90 days. Corporate insiders own 1.35% of the company’s stock.

Institutional Trading of Jabil

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its holdings in Jabil by 0.7% in the 3rd quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock valued at $1,129,207,000 after purchasing an additional 36,646 shares during the period. Primecap Management Co. CA raised its position in shares of Jabil by 0.7% in the second quarter. Primecap Management Co. CA now owns 3,410,410 shares of the technology company’s stock worth $743,810,000 after buying an additional 24,650 shares in the last quarter. Geode Capital Management LLC boosted its stake in Jabil by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock valued at $661,783,000 after buying an additional 42,422 shares during the period. JPMorgan Chase & Co. grew its position in Jabil by 5.9% during the second quarter. JPMorgan Chase & Co. now owns 2,302,307 shares of the technology company’s stock worth $502,133,000 after buying an additional 129,212 shares in the last quarter. Finally, Boston Partners increased its stake in Jabil by 224.4% in the 2nd quarter. Boston Partners now owns 1,898,681 shares of the technology company’s stock worth $414,119,000 after acquiring an additional 1,313,338 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Up 2.0%

Jabil stock opened at $282.96 on Thursday. Jabil has a twelve month low of $108.66 and a twelve month high of $283.76. The firm has a 50 day moving average price of $255.34 and a 200-day moving average price of $229.83. The company has a market capitalization of $29.88 billion, a P/E ratio of 37.98, a P/E/G ratio of 1.44 and a beta of 1.22. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping 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 analysts’ expectations of $7.75 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. Jabil’s revenue was up 23.1% on a year-over-year basis. As a group, equities analysts predict that Jabil will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued 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 of this dividend was Tuesday, February 17th. Jabil’s dividend payout ratio (DPR) is presently 4.30%.

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.