Brand Asset Management Group Inc. Acquires New Position in Jabil, Inc. $JBL

Brand Asset Management Group Inc. acquired a new stake in Jabil, Inc. (NYSE:JBL) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,560 shares of the technology company’s stock, valued at approximately $356,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in Jabil by 0.7% in the third 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 period. Geode Capital Management LLC lifted its position in Jabil by 1.5% in the fourth 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 period. JPMorgan Chase & Co. lifted its position in Jabil by 45.7% in the fourth 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 period. Norges Bank acquired a new stake in Jabil in the fourth quarter valued at about $407,299,000. Finally, Arrowstreet Capital Limited Partnership lifted its position 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 purchasing an additional 1,339,247 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on JBL shares. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Weiss Ratings cut shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. The Goldman Sachs Group increased their target price on shares of Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. increased their target price on shares of Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Finally, Stifel Nicolaus increased their target price on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a 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 given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $319.13.

Jabil Trading Down 0.6%

Shares of JBL opened at $361.89 on Wednesday. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $332.74 and a 200-day simple moving average of $273.35. Jabil, Inc. has a 1-year low of $175.07 and a 1-year high of $384.70. The stock has a market cap of $38.18 billion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 1.89 and a beta of 1.28.

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

Jabil Dividend Announcement

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

Insider Transactions at Jabil

In other Jabil news, SVP May Yee Yap sold 1,634 shares of Jabil stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $306.74, for a total value of $501,213.16. Following the completion of the sale, the senior vice president directly owned 23,787 shares of the company’s stock, valued at approximately $7,296,424.38. The trade was a 6.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anousheh Ansari sold 2,000 shares of Jabil stock in a transaction that occurred on Friday, April 10th. The stock was 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 of the company’s stock, valued at $9,540,000. The trade was a 5.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,981 shares of company stock worth $11,360,740 in the last three months. 1.35% of the stock is currently owned by company insiders.

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.