3,627 Shares in Jabil, Inc. $JBL Bought by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in Jabil, Inc. (NYSE:JBL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,627 shares of the technology company’s stock, valued at approximately $827,000.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Jabil by 0.7% in the third quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock worth $1,129,207,000 after buying an additional 36,646 shares during the period. Primecap Management Co. CA boosted its holdings in Jabil by 0.4% in the fourth 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 in the last quarter. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 42,422 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 591,364 shares in the last quarter. Finally, Norges Bank bought a new stake in Jabil in the fourth quarter valued at $407,299,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Jabil news, SVP May Yee Yap sold 1,634 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $306.74, for a total value of $501,213.16. Following the completion of the transaction, the senior vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anousheh Ansari sold 2,000 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the transaction, the director directly owned 31,800 shares of the company’s stock, valued at approximately $9,540,000. This trade represents a 5.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,981 shares of company stock worth $11,360,740 in the last quarter. Insiders own 1.35% of the company’s stock.

Jabil Stock Performance

Shares of Jabil stock opened at $384.64 on Monday. The stock has a market cap of $40.58 billion, a price-to-earnings ratio of 51.63, a PEG ratio of 1.82 and a beta of 1.28. The firm’s 50-day moving average is $339.33 and its 200 day moving average is $277.08. Jabil, Inc. has a 1 year low of $175.08 and a 1 year high of $386.64. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68.

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

Jabil Announces Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on JBL. Raymond James Financial reiterated a “strong-buy” rating and issued a $425.00 price target on shares of Jabil in a report on Wednesday. Bank of America boosted their target price on shares of Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. boosted 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. Robert W. Baird boosted their target price on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. Finally, Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. One equities research 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $339.75.

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.