Fisher Asset Management LLC Sells 1,687 Shares of Jabil, Inc. $JBL

Fisher Asset Management LLC decreased its position in Jabil, Inc. (NYSE:JBL) by 60.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,102 shares of the technology company’s stock after selling 1,687 shares during the quarter. Fisher Asset Management LLC’s holdings in Jabil were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of JBL. Optimize Financial Inc lifted its position in Jabil by 1.4% in the fourth quarter. Optimize Financial Inc now owns 6,649 shares of the technology company’s stock valued at $1,516,000 after purchasing an additional 92 shares during the last quarter. Legal & General Group Plc lifted its position in Jabil by 0.4% in the fourth quarter. Legal & General Group Plc now owns 405,938 shares of the technology company’s stock valued at $92,562,000 after purchasing an additional 1,714 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Jabil by 39.8% in the fourth quarter. Hantz Financial Services Inc. now owns 288 shares of the technology company’s stock valued at $66,000 after purchasing an additional 82 shares during the last quarter. Todd Asset Management LLC lifted its position in Jabil by 1.9% in the fourth quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock valued at $76,696,000 after purchasing an additional 6,179 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in Jabil in the fourth quarter valued at approximately $7,061,000. Institutional investors own 93.39% of the company’s stock.

Jabil Trading Down 1.4%

Jabil stock opened at $359.64 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. The business’s fifty day simple moving average is $320.76 and its two-hundred day simple moving average is $266.39. Jabil, Inc. has a 12 month low of $164.69 and a 12 month high of $381.94. The company has a market capitalization of $37.94 billion, a price-to-earnings ratio of 48.27, a price-to-earnings-growth ratio of 1.89 and a beta of 1.28.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, March 18th. The technology company reported $2.69 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 return on equity of 80.96% and a net margin of 2.48%.The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 earnings per share. As a group, equities analysts predict that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be issued 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 dividend payout ratio is currently 4.30%.

Analysts Set New Price Targets

Several analysts have weighed in on JBL shares. Weiss Ratings downgraded Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. The Goldman Sachs Group boosted their price objective on Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Bank of America boosted their price objective on Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Barclays boosted their price objective on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Finally, Stifel Nicolaus boosted their target price on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. One investment 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $303.38.

Insider Buying and Selling

In other Jabil news, Director Anousheh Ansari sold 2,000 shares of the stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the transaction, the director owned 31,800 shares of the company’s stock, valued at approximately $9,540,000. This represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Dastoor sold 9,467 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $286.64, for a total value of $2,713,620.88. Following the completion of the sale, the chief executive officer owned 253,099 shares of the company’s stock, valued at approximately $72,548,297.36. The trade was a 3.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,981 shares of company stock valued at $11,360,740 in the last 90 days. 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.