Barclays PLC Raises Stake in Jabil, Inc. $JBL

Barclays PLC boosted its holdings in shares of Jabil, Inc. (NYSE:JBL) by 2.1% in the fourth quarter, HoldingsChannel reports. The fund owned 600,610 shares of the technology company’s stock after acquiring an additional 12,455 shares during the period. Barclays PLC’s holdings in Jabil were worth $136,951,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Greenline Wealth Management LLC purchased a new position in Jabil during the 4th quarter valued at about $28,000. Virtus Advisers LLC bought a new stake in Jabil during the 4th quarter valued at about $32,000. Wilkerson Advisory Group LLC bought a new stake in Jabil during the 4th quarter valued at about $34,000. Leonteq Securities AG bought a new stake in Jabil during the 4th quarter valued at about $42,000. Finally, Banque Cantonale Vaudoise bought a new stake in Jabil during the 3rd quarter valued at about $43,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Performance

Shares of JBL stock opened at $384.36 on Tuesday. The company has a 50 day moving average price of $341.64 and a 200-day moving average price of $278.34. 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 firm has a market capitalization of $40.55 billion, a PE ratio of 51.59, a P/E/G ratio of 1.82 and a beta of 1.28. Jabil, Inc. has a 52 week low of $177.18 and a 52 week high of $398.89.

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

Jabil Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Weiss Ratings lowered shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. The Goldman Sachs Group raised their price objective on shares of Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Barclays raised their price objective on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. JPMorgan Chase & Co. raised their price objective on shares of Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $425.00 price objective on shares of Jabil in a research note on Wednesday, June 10th. One equities research 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 company’s stock. According to MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and an average price target of $357.25.

Insider Activity at Jabil

In related news, Director Anousheh Ansari sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the sale, the director directly owned 31,800 shares in the company, valued at approximately $9,540,000. The trade was a 5.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven D. Borges sold 5,126 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were 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 of the company’s stock, valued at $22,669,578.98. This trade represents a 6.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,981 shares of company stock valued at $11,360,740 in the last three months. Corporate insiders own 1.35% of the company’s stock.

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.