Aster Capital Management DIFC Ltd Sells 1,711 Shares of Jabil, Inc. $JBL

Aster Capital Management DIFC Ltd lessened its stake in shares of Jabil, Inc. (NYSE:JBLFree Report) by 59.8% during the 4th quarter, Holdings Channel reports. The fund owned 1,150 shares of the technology company’s stock after selling 1,711 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Jabil were worth $262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Greenline Wealth Management LLC bought a new stake in Jabil during the 4th quarter valued at $28,000. Virtus Advisers LLC acquired a new stake in shares of Jabil in the 4th quarter worth $32,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Jabil in the 4th quarter worth $34,000. Leonteq Securities AG acquired a new stake in shares of Jabil in the 4th quarter worth $42,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Jabil in the 3rd quarter worth $43,000. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Performance

NYSE JBL opened at $376.40 on Wednesday. The stock has a 50-day simple moving average of $343.79 and a two-hundred day simple moving average of $279.53. The firm has a market capitalization of $39.71 billion, a P/E ratio of 50.52, a PEG ratio of 1.81 and a beta of 1.28. Jabil, Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $398.89. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01.

Jabil (NYSE:JBLGet Free Report) last released its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. The business had revenue of $8.28 billion during the quarter, compared to analyst estimates of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The company’s revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. On average, equities analysts forecast that Jabil, Inc. will post 11.37 earnings per share for the current year.

Jabil Announces Dividend

The business 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. 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 dividend payout ratio (DPR) is presently 4.30%.

Insider Buying and Selling at Jabil

In other Jabil news, CEO Michael Dastoor sold 9,467 shares of Jabil stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $286.64, for a total transaction of $2,713,620.88. Following the completion of the transaction, the chief executive officer owned 253,099 shares in the company, valued at approximately $72,548,297.36. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Andrew Priestley sold 4,000 shares of Jabil stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $301.00, for a total value of $1,204,000.00. Following the transaction, the executive vice president owned 60,267 shares of the company’s stock, valued at $18,140,367. The trade was a 6.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 37,981 shares of company stock worth $11,360,740. Insiders own 1.35% of the company’s stock.

Key Stories Impacting Jabil

Here are the key news stories impacting Jabil this week:

Analyst Upgrades and Downgrades

JBL has been the subject of a number of recent analyst reports. Wall Street Zen cut Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. JPMorgan Chase & Co. raised their price objective on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Stifel Nicolaus raised their price objective on Jabil from $290.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Finally, Barclays raised their price objective on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $357.25.

Check Out Our Latest Stock Report on JBL

Jabil Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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