abrdn plc Has $1.42 Million Stock Position in Jabil Inc. (NYSE:JBL)

abrdn plc lifted its stake in shares of Jabil Inc. (NYSE:JBL) by 580.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,145 shares of the technology company’s stock after buying an additional 9,508 shares during the period. abrdn plc’s holdings in Jabil were worth $1,420,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of JBL. CVA Family Office LLC bought a new position in Jabil in the fourth quarter valued at about $36,000. Valley National Advisers Inc. acquired a new stake in Jabil during the 4th quarter worth approximately $36,000. Hanseatic Management Services Inc. bought a new stake in Jabil during the 3rd quarter worth approximately $48,000. Ceredex Value Advisors LLC bought a new position in shares of Jabil during the third quarter valued at $51,000. Finally, Allworth Financial LP lifted its holdings in shares of Jabil by 745.8% during the fourth quarter. Allworth Financial LP now owns 406 shares of the technology company’s stock worth $52,000 after purchasing an additional 358 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Performance

Shares of JBL opened at $119.87 on Tuesday. Jabil Inc. has a one year low of $75.48 and a one year high of $156.94. The company has a market cap of $14.46 billion, a PE ratio of 10.29, a P/E/G ratio of 1.26 and a beta of 1.40. The stock has a 50-day moving average of $135.60 and a 200-day moving average of $130.54. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. On average, equities research analysts predict that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is 2.75%.

Wall Street Analysts Forecast Growth

JBL has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Barclays cut their price objective on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, March 18th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Jabil has an average rating of “Buy” and an average target price of $144.50.

Insider Activity

In related news, CEO Kenneth S. Wilson sold 15,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the sale, the chief executive officer now owns 339,725 shares in the company, valued at approximately $45,591,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares in the company, valued at approximately $4,050,687.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the sale, the chief executive officer now owns 339,725 shares of the company’s stock, valued at approximately $45,591,095. The disclosure for this sale can be found here. Insiders sold 75,877 shares of company stock worth $9,824,383 over the last three months. 2.62% of the stock is currently owned by insiders.

About Jabil

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).