Banco BTG Pactual S.A. Purchases New Shares in Jabil, Inc. $JBL

Banco BTG Pactual S.A. purchased a new stake in shares of Jabil, Inc. (NYSE:JBL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,745 shares of the technology company’s stock, valued at approximately $398,000.

A number of other large investors have also added to or reduced their stakes in JBL. State Street Corp boosted its stake in Jabil by 0.7% during the 3rd quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock valued at $1,129,207,000 after acquiring an additional 36,646 shares during the last quarter. Primecap Management Co. CA boosted its stake in Jabil by 0.4% during the 4th quarter. Primecap Management Co. CA now owns 3,343,670 shares of the technology company’s stock valued at $762,424,000 after acquiring an additional 12,600 shares during the last quarter. Geode Capital Management LLC boosted its stake in Jabil by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock valued at $661,783,000 after acquiring an additional 42,422 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Jabil by 45.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock valued at $429,714,000 after acquiring an additional 591,364 shares during the last quarter. Finally, Norges Bank bought a new position in Jabil during the 4th quarter valued at $407,299,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on JBL shares. The Goldman Sachs Group increased 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. Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. UBS Group increased their price objective on shares of Jabil from $273.00 to $380.00 and gave the company a “neutral” rating in a research note on Tuesday. 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 research note on Monday, April 20th. Finally, JPMorgan Chase & Co. increased 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. 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $339.75.

Jabil Trading Up 7.1%

Shares of NYSE:JBL opened at $377.36 on Friday. The company has a market cap of $39.81 billion, a PE ratio of 50.65, a P/E/G ratio of 1.83 and a beta of 1.28. The company’s 50-day moving average price is $337.08 and its 200 day moving average price is $275.75. Jabil, Inc. has a fifty-two week low of $175.08 and a fifty-two week high of $384.70. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50.

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, beating the consensus estimate of $2.51 by $0.18. The firm had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. Jabil’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the firm posted $1.94 EPS. Sell-side analysts anticipate that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Dividend Announcement

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

Insider Transactions at Jabil

In related news, SVP Gary K. Schick sold 1,000 shares of Jabil stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $340.00, for a total value 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 trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Steven D. Borges sold 5,126 shares of Jabil stock in a transaction dated 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 completion of the sale, the executive vice president owned 71,398 shares in the company, valued at approximately $22,669,578.98. This represents a 6.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,981 shares of company stock worth $11,360,740 over the last 90 days. Corporate insiders own 1.35% of the company’s stock.

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.