Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Jabil, Inc. (NYSE:JBL – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund acquired 4,103 shares of the technology company’s stock, valued at approximately $1,090,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Greenline Wealth Management LLC acquired a new position in shares of Jabil in the fourth quarter valued at $28,000. Veracity Capital LLC boosted its stake in 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 buying an additional 3,647 shares in the last quarter. Virtus Advisers LLC acquired a new stake in Jabil during the fourth quarter worth $32,000. DV Equities LLC bought a new stake in Jabil in the 4th quarter valued at $34,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of Jabil in the 4th quarter valued at $34,000. 93.39% of the stock is currently owned by institutional investors.
Jabil Trading Down 2.0%
Shares of Jabil stock opened at $300.81 on Friday. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93. The stock has a market capitalization of $31.52 billion, a P/E ratio of 37.55, a price-to-earnings-growth ratio of 0.90 and a beta of 1.28. The company has a 50-day simple moving average of $355.90 and a 200 day simple moving average of $299.35. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 2.17.
Jabil Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th. Jabil’s payout ratio is presently 4.00%.
Insider Transactions at Jabil
In related news, SVP Gary K. Schick sold 1,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $340.00, for a total transaction of $340,000.00. Following the sale, the senior vice president directly owned 39,843 shares in the company, valued at $13,546,620. This represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Priestley sold 3,169 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $330.00, for a total value of $1,045,770.00. Following the sale, the executive vice president directly owned 57,098 shares of the company’s stock, valued at $18,842,340. This represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,263 shares of company stock valued at $1,418,200 in the last three months. 1.35% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on JBL. Robert W. Baird raised their price objective on shares of Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Bank of America reissued a “buy” rating and issued a $470.00 price target on shares of Jabil in a research report on Thursday, June 18th. JPMorgan Chase & Co. raised their price target on shares of Jabil from $395.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, June 18th. Finally, UBS Group upped their price objective on Jabil from $380.00 to $430.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $453.67.
View Our Latest Stock Analysis on JBL
Jabil Company 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.
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