Generali Asset Management SPA SGR acquired a new stake in Jabil, Inc. (NYSE:JBL – Free Report) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 7,732 shares of the technology company’s stock, valued at approximately $1,679,000.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. GFG Capital LLC acquired a new stake in shares of Jabil in the second quarter valued at about $26,000. True Wealth Design LLC boosted its holdings in Jabil by 250.0% in the 3rd 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. Traub Capital Management LLC acquired a new stake in Jabil in the second quarter valued at approximately $33,000. Assetmark Inc. grew its position in Jabil by 45.8% in the second quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock valued at $34,000 after acquiring an additional 49 shares in the last quarter. Finally, Westside Investment Management Inc. raised its stake in shares of Jabil by 757.1% during the second quarter. Westside Investment Management Inc. now owns 180 shares of the technology company’s stock valued at $39,000 after purchasing an additional 159 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Jabil Stock Performance
Shares of Jabil stock opened at $240.52 on Monday. The firm has a market cap of $25.69 billion, a PE ratio of 37.41, a price-to-earnings-growth ratio of 1.54 and a beta of 1.25. The firm’s 50-day simple moving average is $217.42 and its 200-day simple moving average is $215.65. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.67 and a current ratio of 0.99. Jabil, Inc. has a 1 year low of $108.66 and a 1 year high of $240.66.
Jabil Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 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 was Monday, November 17th. Jabil’s payout ratio is 4.98%.
Insider Buying and Selling at Jabil
In other Jabil news, SVP Gary K. Schick sold 453 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $220.69, for a total transaction of $99,972.57. Following the sale, the senior vice president directly owned 42,208 shares of the company’s stock, valued at approximately $9,314,883.52. This represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Frederic E. Mccoy sold 22,011 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $224.93, for a total transaction of $4,950,934.23. Following the completion of the transaction, the executive vice president owned 100,376 shares in the company, valued at approximately $22,577,573.68. The trade was a 17.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 195,273 shares of company stock worth $42,737,555. 1.35% of the stock is owned by insiders.
Wall Street Analyst Weigh In
JBL has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of Jabil from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. UBS Group boosted their price objective on shares of Jabil from $239.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research note on Tuesday, October 14th. Bank of America lifted their target price on Jabil from $255.00 to $262.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, Barclays increased their price target on Jabil from $267.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Jabil has an average rating of “Moderate Buy” and a consensus target price of $261.29.
View Our Latest Research Report on JBL
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.
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