Black Swift Group LLC Makes New $2.83 Million Investment in Jabil, Inc. $JBL

Black Swift Group LLC bought a new position in Jabil, Inc. (NYSE:JBL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,000 shares of the technology company’s stock, valued at approximately $2,833,000.

Several other institutional investors and hedge funds have also bought and sold shares of JBL. Norges Bank purchased a new position in Jabil in the fourth quarter worth about $407,299,000. Arrowstreet Capital Limited Partnership boosted its position in Jabil by 1,157.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock worth $315,964,000 after purchasing an additional 1,339,247 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Jabil in the fourth quarter worth about $121,710,000. Allianz Asset Management GmbH boosted its position in Jabil by 180.1% in the third quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock worth $164,686,000 after purchasing an additional 487,595 shares during the last quarter. Finally, M&T Bank Corp boosted its position in Jabil by 2,833.4% in the fourth quarter. M&T Bank Corp now owns 348,987 shares of the technology company’s stock worth $79,576,000 after purchasing an additional 337,090 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Down 0.2%

Shares of JBL opened at $363.84 on Monday. The business’s 50 day moving average is $318.86 and its 200 day moving average is $265.35. The company has a market capitalization of $38.38 billion, a PE ratio of 48.84, a price-to-earnings-growth ratio of 1.89 and a beta of 1.28. Jabil, Inc. has a 12-month low of $164.69 and a 12-month high of $381.94. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50.

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

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s payout ratio is presently 4.30%.

Insiders Place Their Bets

In other Jabil news, EVP Andrew Priestley sold 3,169 shares of Jabil stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $330.00, for a total value of $1,045,770.00. Following the sale, the executive vice president owned 57,098 shares of the company’s stock, valued at $18,842,340. The trade was a 5.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Gary K. Schick sold 1,000 shares of Jabil stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $340.00, for a total value of $340,000.00. Following the completion of the sale, the senior vice president directly owned 39,843 shares in the company, valued at approximately $13,546,620. The trade was a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 37,981 shares of company stock worth $11,360,740. Insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JBL. Weiss Ratings downgraded Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Stifel Nicolaus raised their price objective on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Robert W. Baird raised their price objective on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Wall Street Zen downgraded Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, Barclays raised their price objective on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.38.

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.