Essex Financial Services Inc. Makes New $340,000 Investment in Jabil, Inc. $JBL

Essex Financial Services Inc. bought a new stake in shares of Jabil, Inc. (NYSE:JBL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,491 shares of the technology company’s stock, valued at approximately $340,000.

A number of other large investors have also recently made changes to their positions in the stock. Savant Capital LLC lifted its position in Jabil by 0.9% during the third quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock valued at $1,266,000 after purchasing an additional 54 shares during the period. Brown Brothers Harriman & Co. raised 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 buying an additional 54 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its holdings in shares of 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 buying an additional 59 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Jabil by 2.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company’s stock valued at $483,000 after buying an additional 60 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted 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 worth $171,000 after buying an additional 61 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on JBL. Stifel Nicolaus upped their price objective on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. UBS Group raised their target price on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Weiss Ratings downgraded Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, Robert W. Baird raised their price objective on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $303.38.

Jabil Trading Up 3.8%

Shares of NYSE:JBL opened at $373.56 on Wednesday. The stock has a 50 day moving average of $320.76 and a 200 day moving average of $266.39. The company has a market cap of $39.41 billion, a PE ratio of 50.14, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28. Jabil, Inc. has a 12-month low of $167.87 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 released its earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. The company had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The firm’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.94 EPS. As a group, equities research analysts expect that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Dividend Announcement

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

Insider Activity

In other news, 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 value of $501,213.16. Following the transaction, the senior vice president owned 23,787 shares of the company’s stock, valued at approximately $7,296,424.38. The trade was a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 in the company, valued at approximately $18,842,340. This represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 37,981 shares of company stock valued at $11,360,740. Company 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.