Assenagon Asset Management S.A. Has $8.88 Million Stock Position in Jabil, Inc. $JBL

Assenagon Asset Management S.A. lessened its holdings in Jabil, Inc. (NYSE:JBL) by 46.5% during the fourth quarter, HoldingsChannel reports. The fund owned 38,961 shares of the technology company’s stock after selling 33,833 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Jabil were worth $8,884,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in JBL. Savant Capital LLC raised its holdings in Jabil by 0.9% in the third quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock worth $1,266,000 after purchasing an additional 54 shares during the period. Brown Brothers Harriman & Co. grew its stake in Jabil by 1.9% in the third quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock valued at $630,000 after acquiring an additional 54 shares during the period. TD Private Client Wealth LLC increased its holdings in shares of Jabil by 11.2% in the third quarter. TD Private Client Wealth LLC now owns 584 shares of the technology company’s stock worth $127,000 after acquiring an additional 59 shares in the last quarter. Measured Wealth Private Client Group LLC increased its holdings in shares of Jabil by 2.1% in the third quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company’s stock worth $613,000 after acquiring an additional 59 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Jabil by 2.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company’s stock worth $483,000 after purchasing an additional 60 shares during the period. Institutional investors own 93.39% of the company’s stock.

Insiders Place Their Bets

In other Jabil news, SVP Gary K. Schick sold 1,000 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $278.33, for a total transaction of $278,330.00. Following the completion of the sale, the senior vice president owned 40,843 shares of the company’s stock, valued at $11,367,832.19. This trade represents a 2.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Dastoor sold 15,000 shares of Jabil stock in a transaction on 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 transaction, the chief executive officer directly owned 262,566 shares of the company’s stock, valued at approximately $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 have sold 80,018 shares of company stock worth $19,545,381 in the last quarter. Company insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on JBL. The Goldman Sachs Group reiterated a “buy” rating and issued a $282.00 price objective on shares of Jabil in a research report on Thursday, January 15th. Stifel Nicolaus raised their target price on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. UBS Group upped their price target on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. Bank of America increased their price objective on shares of Jabil from $280.00 to $295.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Jabil in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and an average target price of $283.25.

Jabil Stock Performance

NYSE JBL opened at $261.14 on Friday. The firm has a market capitalization of $27.58 billion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. The firm’s fifty day moving average price is $255.75 and its two-hundred day moving average price is $230.43. Jabil, Inc. has a 1 year low of $108.66 and a 1 year high of $283.76.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.18. The company had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. Jabil’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 EPS. As a group, research analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s payout ratio is presently 4.30%.

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.