Arrowstreet Capital Limited Partnership Purchases 121,393 Shares of Jabil, Inc. $JBL

Arrowstreet Capital Limited Partnership grew its position in shares of Jabil, Inc. (NYSE:JBL) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,576,308 shares of the technology company’s stock after purchasing an additional 121,393 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Jabil were worth $359,430,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in shares of Jabil by 0.7% during the 3rd quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock valued at $1,129,207,000 after purchasing an additional 36,646 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Jabil by 0.4% during the 4th quarter. Primecap Management Co. CA now owns 3,343,670 shares of the technology company’s stock valued at $762,424,000 after purchasing an additional 12,600 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Jabil by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock valued at $661,783,000 after purchasing an additional 42,422 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Jabil by 45.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock valued at $429,714,000 after purchasing an additional 591,364 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Jabil during the 4th quarter valued at about $407,299,000. 93.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. UBS Group increased their price objective on Jabil from $273.00 to $380.00 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Robert W. Baird raised their price target on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Raymond James Financial restated a “strong-buy” rating and set a $425.00 price target on shares of Jabil in a research report on Wednesday. Finally, Stifel Nicolaus raised their price target on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research report 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $339.75.

Insider Buying and Selling

In other Jabil news, SVP May Yee Yap sold 1,634 shares of Jabil stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total transaction of $501,213.16. Following the completion of the transaction, the senior vice president owned 23,787 shares in the company, valued at approximately $7,296,424.38. The trade was a 6.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven D. Borges sold 7,000 shares of Jabil stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $290.00, for a total value of $2,030,000.00. Following the transaction, the executive vice president owned 76,524 shares of the company’s stock, valued at $22,191,960. The trade was a 8.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,981 shares of company stock worth $11,360,740 over the last quarter. Company insiders own 1.35% of the company’s stock.

Jabil Trading Down 0.0%

JBL opened at $384.64 on Monday. The stock has a market cap of $40.58 billion, a PE ratio of 51.63, a PEG ratio of 1.82 and a beta of 1.28. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. The business has a 50 day moving average of $339.33 and a 200-day moving average of $277.08. Jabil, Inc. has a 52 week low of $175.08 and a 52 week high of $386.64.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. The company had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 EPS. Equities research analysts predict that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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

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.