BI Asset Management Fondsmaeglerselskab A S Lowers Holdings in Jabil, Inc. $JBL

BI Asset Management Fondsmaeglerselskab A S decreased its position in Jabil, Inc. (NYSE:JBL) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,710 shares of the technology company’s stock after selling 3,896 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Jabil were worth $14,755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinebridge Investments LLC acquired a new stake in shares of Jabil in the fourth quarter valued at $15,636,000. PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in Jabil in the fourth quarter valued at $11,038,000. WINTON GROUP Ltd purchased a new position in Jabil in the fourth quarter valued at $459,000. J.W. Cole Advisors Inc. boosted its holdings in Jabil by 2.3% in the fourth quarter. J.W. Cole Advisors Inc. now owns 4,494 shares of the technology company’s stock valued at $1,025,000 after purchasing an additional 100 shares during the period. Finally, Prudential PLC boosted its holdings in Jabil by 31.0% in the fourth quarter. Prudential PLC now owns 5,175 shares of the technology company’s stock valued at $1,180,000 after purchasing an additional 1,225 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Stock Down 5.6%

Jabil stock opened at $353.05 on Friday. Jabil, Inc. has a 1-year low of $174.00 and a 1-year high of $384.70. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. The stock has a market cap of $37.25 billion, a PE ratio of 47.39, a P/E/G ratio of 1.83 and a beta of 1.28. The stock’s fifty day moving average is $328.74 and its two-hundred day moving average is $270.56.

Jabil (NYSE:JBL) last posted 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. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The business had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The business’s revenue was up 23.1% compared to the same quarter last year. On average, sell-side analysts expect that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Announces Dividend

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

Insider Buying and Selling at Jabil

In other news, EVP Steven D. Borges sold 5,126 shares of Jabil stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $317.51, for a total transaction of $1,627,556.26. Following the sale, the executive vice president owned 71,398 shares in the company, valued at approximately $22,669,578.98. The trade was a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP May Yee Yap sold 1,634 shares of Jabil stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $306.74, for a total value of $501,213.16. Following the sale, the senior vice president owned 23,787 shares in the company, valued at $7,296,424.38. This trade represents a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 37,981 shares of company stock valued at $11,360,740. 1.35% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a report on Thursday, May 21st. UBS Group lifted their target price on Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. JPMorgan Chase & Co. lifted their target price on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Bank of America lifted their target price on Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $303.38.

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.