Generali Asset Management SPA SGR acquired a new position in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,732 shares of the technology company’s stock, valued at approximately $1,679,000.
Other large investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC increased its position in Jabil by 1.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 4,120 shares of the technology company’s stock worth $899,000 after buying an additional 48 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Jabil by 45.8% during the second quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock valued at $34,000 after acquiring an additional 49 shares during the last quarter. AlphaCore Capital LLC increased its position in Jabil by 1.8% during the 2nd quarter. AlphaCore Capital LLC now owns 3,263 shares of the technology company’s stock worth $712,000 after purchasing an additional 57 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Jabil by 45.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 189 shares of the technology company’s stock valued at $41,000 after purchasing an additional 59 shares during the last quarter. Finally, Mather Group LLC. raised its stake in Jabil by 5.4% in the 2nd quarter. Mather Group LLC. now owns 1,186 shares of the technology company’s stock valued at $259,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Stock Performance
NYSE:JBL opened at $240.52 on Monday. The company has a market cap of $25.69 billion, a P/E ratio of 37.41, a P/E/G ratio of 1.54 and a beta of 1.25. The firm’s 50 day moving average is $217.42 and its two-hundred day moving average is $215.65. Jabil, Inc. has a fifty-two week low of $108.66 and a fifty-two week high of $240.66. The company has a quick ratio of 0.67, a current ratio of 0.99 and a debt-to-equity ratio of 1.77.
Jabil Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, November 17th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio is currently 4.98%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a report on Friday, October 3rd. Raymond James Financial restated a “strong-buy” rating on shares of Jabil in a research report on Thursday, December 18th. JPMorgan Chase & Co. lifted their target price on shares of Jabil from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. The Goldman Sachs Group reissued a “buy” rating and set a $255.00 price target on shares of Jabil in a research note on Thursday, December 18th. Finally, Barclays lifted their price objective on Jabil from $267.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and an average target price of $261.29.
Check Out Our Latest Analysis on Jabil
Insider Buying and Selling
In related news, EVP Kristine Melachrino sold 6,579 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $213.40, for a total value of $1,403,958.60. Following the transaction, the executive vice president owned 33,718 shares in the company, valued at approximately $7,195,421.20. This trade represents a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP May Yee Yap sold 8,858 shares of Jabil stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $225.03, for a total transaction of $1,993,315.74. Following the transaction, the senior vice president directly owned 25,421 shares in the company, valued at approximately $5,720,487.63. This trade represents a 25.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 195,273 shares of company stock worth $42,737,555. Corporate insiders own 1.35% of the company’s stock.
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.
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