Jabil Target of Unusually High Options Trading (NYSE:JBL)

Jabil, Inc. (NYSE:JBL) was the target of unusually large options trading on Wednesday. Investors purchased 10,369 put options on the stock. This is an increase of approximately 169% compared to the typical daily volume of 3,861 put options.

Analysts Set New Price Targets

A number of research firms recently weighed in on JBL. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $282.00 price objective on shares of Jabil in a report on Thursday, January 15th. UBS Group upped their target price on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Robert W. Baird raised their price target on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. boosted their price objective on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, Barclays increased their price objective on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. One equities research 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $283.25.

Jabil Price Performance

JBL stock traded up $9.14 during trading on Wednesday, hitting $274.77. The company had a trading volume of 287,756 shares, compared to its average volume of 1,189,331. The business has a 50 day moving average of $256.04 and a 200 day moving average of $231.27. The firm has a market capitalization of $29.02 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 1.28 and a beta of 1.22. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. Jabil has a fifty-two week low of $108.66 and a fifty-two week high of $283.76.

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

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s payout ratio is presently 4.30%.

Insider Buying and Selling at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $236.25, for a total value 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. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anousheh Ansari sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $270.00, for a total transaction of $270,000.00. Following the transaction, the director directly owned 33,800 shares of the company’s stock, valued at approximately $9,126,000. This trade represents a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 80,018 shares of company stock worth $19,545,381. 1.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jabil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Greenline Wealth Management LLC acquired a new stake in shares of Jabil in the fourth quarter valued at $28,000. True Wealth Design LLC grew its holdings in Jabil by 250.0% during the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after acquiring an additional 100 shares during the period. First Horizon Corp acquired a new position in Jabil during the third quarter worth about $30,000. Veracity Capital LLC raised its position in Jabil by 4,144.3% in the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after acquiring an additional 3,647 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new stake in Jabil in the 4th quarter valued at about $32,000. 93.39% of the stock is owned by institutional investors.

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.