Jabil, Inc. $JBL Stock Holdings Cut by Allianz Asset Management GmbH

Allianz Asset Management GmbH cut its stake in shares of Jabil, Inc. (NYSE:JBL) by 24.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 574,144 shares of the technology company’s stock after selling 184,182 shares during the quarter. Allianz Asset Management GmbH’s holdings in Jabil were worth $130,916,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Veracity Capital LLC raised its holdings in shares of Jabil by 4,144.3% during the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after acquiring an additional 3,647 shares in the last quarter. Leonteq Securities AG bought a new position in shares of Jabil in the fourth quarter valued at approximately $42,000. Banque Cantonale Vaudoise bought a new position in Jabil in the 3rd quarter worth approximately $43,000. Rothschild Investment LLC raised its position in shares of Jabil by 51.1% during the 3rd quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock valued at $46,000 after acquiring an additional 72 shares during the last quarter. Finally, Caitlin John LLC acquired a new position in shares of Jabil in the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Price Performance

Shares of Jabil stock opened at $352.65 on Thursday. The stock has a market capitalization of $37.20 billion, a price-to-earnings ratio of 47.34, a price-to-earnings-growth ratio of 1.88 and a beta of 1.28. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The company has a fifty day moving average of $334.84 and a 200-day moving average of $274.48. Jabil, Inc. has a 52-week low of $175.08 and a 52-week high of $384.70.

Jabil (NYSE:JBL) last posted 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. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The firm had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period last year, the company posted $1.94 EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. Equities research analysts expect that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Announces Dividend

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

Insider Transactions at Jabil

In other Jabil news, SVP Gary K. Schick sold 1,000 shares of Jabil stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $340.00, for a total transaction of $340,000.00. Following the transaction, the senior vice president owned 39,843 shares of the company’s stock, valued at $13,546,620. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven D. Borges sold 5,126 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 71,398 shares in the company, valued at $22,669,578.98. This trade represents a 6.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 37,981 shares of company stock valued at $11,360,740. Company insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Barclays increased their price target on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. JPMorgan Chase & Co. raised their target price on shares of Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Raymond James Financial reissued a “strong-buy” rating and set a $425.00 target price on shares of Jabil in a research note on Wednesday. Finally, Weiss Ratings cut shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. One equities research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.75.

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.