Jabil, Inc. $JBL Shares Bought by Allstate Corp

Allstate Corp grew its stake in shares of Jabil, Inc. (NYSE:JBL) by 98.0% in the fourth quarter, HoldingsChannel reports. The fund owned 7,959 shares of the technology company’s stock after buying an additional 3,939 shares during the quarter. Allstate Corp’s holdings in Jabil were worth $1,815,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JBL. Integrated Wealth Concepts LLC grew its holdings in shares of Jabil by 34.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock worth $382,000 after purchasing an additional 720 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Jabil by 70.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock worth $2,493,000 after acquiring an additional 7,602 shares during the period. Focus Partners Wealth boosted its holdings in Jabil by 20.0% in the 1st quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock worth $676,000 after acquiring an additional 829 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Jabil by 50.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock worth $79,000 after acquiring an additional 194 shares during the period. Finally, Jump Financial LLC purchased a new position in Jabil in the 2nd quarter worth approximately $488,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In related news, EVP Andrew Priestley sold 4,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $301.00, for a total transaction of $1,204,000.00. Following the completion of the transaction, the executive vice president owned 60,267 shares of the company’s stock, valued at $18,140,367. This trade represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Dastoor sold 9,467 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $286.64, for a total value of $2,713,620.88. Following the transaction, the chief executive officer directly owned 253,099 shares of the company’s stock, valued at $72,548,297.36. This represents a 3.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 37,981 shares of company stock valued at $11,360,740. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

JBL has been the subject of several research analyst reports. Robert W. Baird increased their target price on Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Bank of America boosted their price objective on Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a report on Monday, April 20th. Barclays upped their price target on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Finally, UBS Group upped their price target on Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Jabil has an average rating of “Moderate Buy” and a consensus target price of $303.38.

Jabil Price Performance

Shares of JBL opened at $363.42 on Friday. The firm has a market capitalization of $38.34 billion, a price-to-earnings ratio of 48.78, a price-to-earnings-growth ratio of 1.93 and a beta of 1.29. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. Jabil, Inc. has a one year low of $164.69 and a one year high of $381.94. The stock’s fifty day moving average is $316.75 and its 200-day moving average is $264.33.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The company had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same period last year, the company earned $1.94 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. Equities analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio (DPR) is currently 4.30%.

Jabil 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.