Banco Santander S.A. bought a new position in shares of Jabil, Inc. (NYSE:JBL – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,180 shares of the technology company’s stock, valued at approximately $908,000.
Other institutional investors also recently modified their holdings of the company. First Horizon Corp acquired a new stake in shares of Jabil in the 3rd quarter valued at approximately $30,000. True Wealth Design LLC increased its stake in Jabil by 250.0% in the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock valued at $30,000 after purchasing an additional 100 shares in the last quarter. Traub Capital Management LLC acquired a new stake in Jabil in the second quarter worth $33,000. Assetmark Inc. boosted its position in shares of Jabil by 45.8% during the second quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock worth $34,000 after purchasing an additional 49 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its position 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 worth $39,000 after purchasing an additional 159 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.
Jabil Stock Down 2.7%
NYSE:JBL opened at $264.65 on Friday. The stock has a 50-day simple moving average of $245.67 and a 200 day simple moving average of $223.63. Jabil, Inc. has a 52-week low of $108.66 and a 52-week high of $281.37. The company has a market cap of $27.95 billion, a PE ratio of 41.16, a PEG ratio of 1.69 and a beta of 1.24. 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 Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a dividend of $0.08 per share. 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 is presently 4.98%.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on JBL shares. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. increased their price target on Jabil from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $282.00 price target on shares of Jabil in a research report on Thursday, January 15th. Bank of America set a $265.00 price objective on Jabil in a research report on Thursday, December 18th. Finally, Barclays increased their target price on Jabil from $267.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.14.
Get Our Latest Stock Analysis on JBL
Insider Buying and Selling at Jabil
In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of Jabil stock in a transaction on Friday, December 19th. The shares were sold at an average price of $225.32, for a total value of $11,266,000.00. Following the sale, the chairman directly owned 1,171,459 shares in the company, valued at approximately $263,953,141.88. The trade was a 4.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Dastoor sold 15,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $246.91, for a total transaction of $3,703,650.00. Following the sale, the chief executive officer directly owned 262,566 shares in the company, valued at $64,830,171.06. This trade represents a 5.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 181,529 shares of company stock worth $42,145,485 in the last three months. 1.35% of the stock is currently owned by company 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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