Jabil, Inc. $JBL Shares Sold by Forsta AP Fonden

Forsta AP Fonden reduced its stake in shares of Jabil, Inc. (NYSE:JBL) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,681 shares of the technology company’s stock after selling 1,500 shares during the quarter. Forsta AP Fonden owned about 0.07% of Jabil worth $15,889,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Savant Capital LLC increased its holdings in shares of Jabil by 0.9% in the 3rd quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock worth $1,266,000 after acquiring an additional 54 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Jabil by 1.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock valued at $630,000 after purchasing an additional 54 shares during the period. Measured Wealth Private Client Group LLC boosted its stake in Jabil by 2.1% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company’s stock valued at $613,000 after purchasing an additional 59 shares during the period. Tower Research Capital LLC TRC grew its position in Jabil by 2.8% in the 3rd 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 last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Jabil by 8.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 752 shares of the technology company’s stock worth $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.

Analyst Ratings Changes

Several research firms recently commented on JBL. Bank of America raised their target price on Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Stifel Nicolaus increased their price objective on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Robert W. Baird boosted their target price on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Finally, Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and a consensus target price of $303.38.

Jabil Trading Up 0.1%

Jabil stock opened at $363.84 on Friday. The firm has a market capitalization of $38.38 billion, a price-to-earnings ratio of 48.84, a P/E/G ratio of 1.89 and a beta of 1.29. The company has a 50 day moving average price of $318.86 and a 200 day moving average price of $265.03. 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 52 week low of $164.69 and a 52 week high of $381.94.

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. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the prior year, the business earned $1.94 EPS. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. Research analysts forecast that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Announces Dividend

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

Insider Buying and Selling at Jabil

In other Jabil news, EVP Andrew Priestley sold 3,169 shares of Jabil stock in a transaction on Monday, April 20th. The shares were sold at an average price of $330.00, for a total transaction of $1,045,770.00. Following the completion of the sale, the executive vice president owned 57,098 shares of the company’s stock, valued at $18,842,340. This trade represents a 5.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP May Yee Yap sold 1,634 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $306.74, for a total transaction of $501,213.16. Following the transaction, the senior vice president owned 23,787 shares in the company, valued at approximately $7,296,424.38. This represents a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,981 shares of company stock valued at $11,360,740 in the last 90 days. Corporate insiders own 1.35% of the company’s stock.

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.