Aberdeen Group plc lifted its stake in Jabil, Inc. (NYSE:JBL – Free Report) by 35.7% in the third quarter, HoldingsChannel.com reports. The firm owned 25,290 shares of the technology company’s stock after purchasing an additional 6,651 shares during the quarter. Aberdeen Group plc’s holdings in Jabil were worth $5,425,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Jabil in the 2nd quarter valued at $323,338,000. Boston Partners lifted its stake in Jabil by 224.4% in the second quarter. Boston Partners now owns 1,898,681 shares of the technology company’s stock valued at $414,119,000 after buying an additional 1,313,338 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Jabil by 107.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,319,675 shares of the technology company’s stock worth $286,594,000 after purchasing an additional 682,899 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Jabil by 180.1% in the third quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock valued at $164,686,000 after purchasing an additional 487,595 shares during the last quarter. Finally, Amundi boosted its stake in shares of Jabil by 103.2% during the 2nd quarter. Amundi now owns 453,620 shares of the technology company’s stock worth $100,654,000 after buying an additional 230,422 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Price Performance
Shares of NYSE:JBL opened at $271.42 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.99 and a debt-to-equity ratio of 1.77. The stock’s 50 day moving average is $240.69 and its 200-day moving average is $222.04. The firm has a market capitalization of $28.66 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 1.67 and a beta of 1.24. Jabil, Inc. has a twelve month low of $108.66 and a twelve month high of $277.87.
Jabil Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio (DPR) is 4.98%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on JBL. UBS Group boosted their price target on Jabil from $239.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Barclays boosted their target price on shares of Jabil from $267.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. Raymond James Financial reiterated a “strong-buy” rating on shares of Jabil in a research report on Thursday, December 18th. Zacks Research cut Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $282.00 target price on shares of Jabil in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $264.14.
Check Out Our Latest Stock Report on JBL
Insider Buying and Selling at Jabil
In related news, SVP Gary K. Schick sold 422 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $243.77, for a total value of $102,870.94. Following the transaction, the senior vice president owned 41,843 shares in the company, valued at approximately $10,200,068.11. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark T. Mondello sold 17,200 shares of the business’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $250.00, for a total value of $4,300,000.00. Following the completion of the sale, the chairman owned 1,111,459 shares in the company, valued at $277,864,750. This represents a 1.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 181,529 shares of company stock valued at $42,145,485 in the last ninety days. 1.35% of the stock is owned by corporate insiders.
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.
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