Cookson Peirce & Co. Inc. Sells 2,119 Shares of Jabil, Inc. $JBL

Cookson Peirce & Co. Inc. cut its stake in Jabil, Inc. (NYSE:JBL) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,130 shares of the technology company’s stock after selling 2,119 shares during the period. Cookson Peirce & Co. Inc. owned 0.08% of Jabil worth $19,639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of JBL. Norges Bank bought a new position in shares of Jabil in the fourth quarter worth about $407,299,000. Arrowstreet Capital Limited Partnership lifted its holdings in Jabil by 1,157.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock valued at $315,964,000 after buying an additional 1,339,247 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Jabil in the fourth quarter valued at approximately $121,710,000. M&T Bank Corp lifted its holdings in Jabil by 2,833.4% in the fourth quarter. M&T Bank Corp now owns 348,987 shares of the technology company’s stock valued at $79,576,000 after buying an additional 337,090 shares during the period. Finally, Barclays PLC lifted its holdings in Jabil by 125.4% in the third quarter. Barclays PLC now owns 588,155 shares of the technology company’s stock valued at $127,730,000 after buying an additional 327,238 shares during the period. 93.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Anousheh Ansari sold 2,000 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the sale, the director directly owned 31,800 shares of the company’s stock, valued at approximately $9,540,000. The trade was a 5.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Dastoor sold 9,467 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $286.64, for a total transaction of $2,713,620.88. Following the completion of the sale, the chief executive officer directly owned 253,099 shares in the company, valued at $72,548,297.36. This represents a 3.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 37,981 shares of company stock valued at $11,360,740. 1.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on JBL shares. UBS Group increased their price objective on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. Barclays increased their price objective on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Bank of America increased their price objective on shares of Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a report on Monday, April 20th. Stifel Nicolaus increased their price objective on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Robert W. Baird upped their target price on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $303.38.

Jabil Stock Down 5.6%

Shares of NYSE:JBL opened at $353.05 on Friday. Jabil, Inc. has a 52 week low of $174.00 and a 52 week high of $384.70. 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 market capitalization of $37.25 billion, a PE ratio of 47.39, a PEG ratio of 1.83 and a beta of 1.28. The company has a 50 day moving average price of $328.74 and a two-hundred day moving average price of $270.56.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating 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 the consensus estimate of $7.75 billion. During the same quarter in the prior year, the firm earned $1.94 earnings per share. The business’s quarterly revenue was up 23.1% on a year-over-year basis. Analysts forecast that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Dividend Announcement

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

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.