On October 31, 2024, Francis Mckay, Senior Vice President and Chief Procurement Officer of Jabil Inc (JBL, Financial), sold 11,755 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 41,507 shares of Jabil Inc.
Jabil Inc (JBL, Financial) is a provider of manufacturing services and solutions. The company operates through various segments, including Electronics Manufacturing Services and Diversified Manufacturing Services, offering comprehensive electronics design, production, and product management services to global electronics and technology companies.
Over the past year, Francis Mckay has sold a total of 17,005 shares of Jabil Inc and has not made any purchases of the stock. This recent transaction is part of a broader trend observed within the company, where there have been 22 insider sells and no insider buys over the past year.
Shares of Jabil Inc were trading at $121.71 on the day of the sale. The company has a market cap of approximately $14.41 billion. The price-earnings ratio of Jabil Inc stands at 11.59, which is lower than the industry median of 22.98 and also below the company's historical median.
According to the GF Value, the intrinsic value of Jabil Inc is estimated at $81.73 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.49. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behaviors, especially in the context of the company's valuation metrics and stock performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
