SG Americas Securities LLC Has $13.58 Million Stake in Jabil, Inc. $JBL

SG Americas Securities LLC lifted its position in Jabil, Inc. (NYSE:JBL) by 375.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,575 shares of the technology company’s stock after buying an additional 47,052 shares during the quarter. SG Americas Securities LLC owned about 0.06% of Jabil worth $13,584,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital bought a new stake in Jabil in the fourth quarter worth approximately $222,000. Nordea Investment Management AB increased its stake in shares of Jabil by 970.0% during the 4th quarter. Nordea Investment Management AB now owns 128,439 shares of the technology company’s stock worth $29,612,000 after purchasing an additional 116,435 shares during the last quarter. Procyon Advisors LLC raised its holdings in shares of Jabil by 77.1% during the 4th quarter. Procyon Advisors LLC now owns 24,950 shares of the technology company’s stock valued at $5,689,000 after purchasing an additional 10,859 shares in the last quarter. Cyndeo Wealth Partners LLC bought a new position in shares of Jabil during the 4th quarter valued at $469,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Jabil by 8.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 752 shares of the technology company’s stock valued at $171,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

JBL has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Jabil in a report on Friday, January 9th. UBS Group boosted their price target on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Barclays upped their price target on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Stifel Nicolaus increased their price objective on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Jabil in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.25.

Jabil Stock Down 1.1%

Shares of JBL stock opened at $261.14 on Friday. Jabil, Inc. has a 12 month low of $108.66 and a 12 month high of $283.76. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. The firm has a market cap of $27.58 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22. The stock has a 50 day moving average of $255.75 and a 200-day moving average of $230.58.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.18. The business had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. Jabil’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the company posted $1.94 earnings per share. On average, equities analysts predict that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

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

Insider Buying and Selling at Jabil

In related news, SVP Adam E. Berry sold 1,596 shares of the business’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $253.20, for a total transaction of $404,107.20. Following the transaction, the senior vice president directly owned 18,920 shares in the company, valued at $4,790,544. The trade was a 7.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anousheh Ansari sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $270.00, for a total value of $270,000.00. Following the completion of the transaction, the director directly owned 33,800 shares of the company’s stock, valued at approximately $9,126,000. This trade represents a 2.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 80,018 shares of company stock valued at $19,545,381 in the last three months. Company insiders own 1.35% of the company’s stock.

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.