BI Asset Management Fondsmaeglerselskab A S decreased its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 72.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,724 shares of the technology company’s stock after selling 46,986 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Jabil were worth $4,708,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Greenline Wealth Management LLC bought a new stake in Jabil in the fourth quarter valued at $28,000. Veracity Capital LLC raised its holdings in shares of Jabil by 4,144.3% during the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock valued at $31,000 after purchasing an additional 3,647 shares during the period. Virtus Advisers LLC bought a new position in shares of Jabil during the 4th quarter worth about $32,000. Wilkerson Advisory Group LLC bought a new position in shares of Jabil during the 4th quarter worth about $34,000. Finally, DV Equities LLC acquired a new stake in shares of Jabil in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Trading Up 1.4%
NYSE:JBL opened at $377.09 on Tuesday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66. Jabil, Inc. has a one year low of $189.60 and a one year high of $428.93. The company has a market cap of $39.78 billion, a PE ratio of 47.08, a PEG ratio of 1.12 and a beta of 1.28. The firm has a 50-day moving average of $351.27 and a 200-day moving average of $284.13.
Jabil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s payout ratio is presently 4.00%.
Insider Activity at Jabil
In related news, Director Anousheh Ansari sold 2,000 shares of the company’s stock in a transaction 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 owned 31,800 shares in the company, valued at approximately $9,540,000. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steven D. Borges sold 7,000 shares of the firm’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $290.00, for a total value of $2,030,000.00. Following the transaction, the executive vice president owned 76,524 shares in the company, valued at approximately $22,191,960. This trade represents a 8.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 35,981 shares of company stock valued at $10,812,410 over the last 90 days. Corporate insiders own 1.35% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently commented on the company. Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. UBS Group increased their price target on Jabil from $380.00 to $430.00 and gave the stock a “neutral” rating in a report on Thursday. Zacks Research cut Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Bank of America restated a “buy” rating and set a $470.00 price objective on shares of Jabil in a report on Thursday. Finally, Argus set a $475.00 target price on Jabil in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and a consensus price target of $453.67.
View Our Latest Research Report 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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