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ST. PETERSBURG, FL – Steven D. Borges, Executive Vice President of Global Business Units at Jabil Inc. (NYSE:JBL), recently reported the sale of 5,000 shares of the company's common stock. The transactions, executed on January 3, 2025, were completed at an average price of $150.50 per share, totaling approximately $752,500. The stock currently trades at $152.73, near its 52-week high of $156.94, reflecting the company's strong market performance with a market capitalization of $17.26 billion.
Following these transactions, Borges retains direct ownership of 125,246 shares of Jabil Inc. The sales were conducted in multiple trades, with prices ranging from $150.49 to $150.59 per share. The average sale price reflects the weighted average of these trades. According to InvestingPro, Jabil trades at a P/E ratio of 14.09 and has shown impressive returns over recent months.
The transactions were disclosed in a filing with the Securities and Exchange Commission, underscoring Borges' ongoing involvement with the company. Based on InvestingPro's Fair Value analysis, the stock appears slightly overvalued at current levels. Subscribers can access 17 additional ProTips and a comprehensive Pro Research Report for deeper insights into Jabil's valuation and growth prospects.
In other recent news, Jabil, a manufacturing services company, has issued a warrant to Amazon (NASDAQ:AMZN), allowing the e-commerce giant to buy up to 1.16 million shares at an exercise price of $137.77 each. The shares under this warrant are tied to Amazon's purchases of products and services from Jabil. In another development, Stifel analyst Matthew Sheerin has increased Jabil's stock price target to $160 from $150, maintaining a Buy rating on the shares. This adjustment follows Jabil's impressive fiscal first quarter performance, where the company's sales and earnings per share (EPS) exceeded projections by $390 million and $0.13, respectively.
Jabil reported a modest year-over-year sales growth of approximately 1%, attributed to strong performance in cloud and data center infrastructure, and a rebound in the semiconductor capital equipment sector. The company has also updated its fiscal year 2025 outlook for its Cloud and Data Center Infrastructure segment, increasing it by $400 million to $5.5 billion, largely due to additional program wins with Amazon Web Services. Despite facing challenges in the electric vehicles and renewables sectors, Jabil has raised its overall fiscal year 2025 sales and EPS guidance modestly. The company's strong cash flow generation was highlighted, with free cash flow reaching $226 million, marking a 31% year-over-year increase. These are among the recent developments that have put Jabil in the spotlight.
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