Access Investment Management LLC lessened its holdings in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 3.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 122,900 shares of the technology company’s stock after selling 4,865 shares during the period. Jabil makes up approximately 7.2% of Access Investment Management LLC’s holdings, making the stock its 2nd largest position. Access Investment Management LLC owned 0.12% of Jabil worth $26,690,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in JBL. Primecap Management Co. CA lifted its holdings in shares of Jabil by 0.7% during the second quarter. Primecap Management Co. CA now owns 3,410,410 shares of the technology company’s stock worth $743,810,000 after buying an additional 24,650 shares during the last quarter. Geode Capital Management LLC increased its position in Jabil by 2.3% during the second quarter. Geode Capital Management LLC now owns 2,893,485 shares of the technology company’s stock worth $628,519,000 after acquiring an additional 65,949 shares during the period. JPMorgan Chase & Co. raised its stake in Jabil by 5.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,302,307 shares of the technology company’s stock valued at $502,133,000 after purchasing an additional 129,212 shares during the last quarter. Boston Partners raised its stake in Jabil by 224.4% during the 2nd quarter. Boston Partners now owns 1,898,681 shares of the technology company’s stock valued at $414,119,000 after purchasing an additional 1,313,338 shares during the last quarter. Finally, Norges Bank bought a new stake in Jabil in the 2nd quarter valued at $323,338,000. Institutional investors own 93.39% of the company’s stock.
Jabil Price Performance
Jabil stock opened at $237.16 on Friday. The business has a 50 day simple moving average of $229.03 and a 200 day simple moving average of $218.69. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.99 and a quick ratio of 0.67. The company has a market capitalization of $25.04 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 1.56 and a beta of 1.25. Jabil, Inc. has a one year low of $108.66 and a one year high of $258.05.
Jabil Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a $0.08 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s payout ratio is 4.98%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Bank of America boosted their price objective on shares of Jabil from $255.00 to $262.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research note on Friday, January 9th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Jabil in a report on Thursday, December 18th. UBS Group lifted their price objective on Jabil from $239.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $282.00 price objective on shares of Jabil in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $263.71.
Check Out Our Latest Research Report on JBL
Insider Activity
In related news, EVP Steven D. Borges sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $235.00, for a total transaction of $2,350,000.00. Following the sale, the executive vice president directly owned 90,524 shares in the company, valued at $21,273,140. This represents a 9.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark T. Mondello sold 17,200 shares of the firm’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $250.00, for a total value of $4,300,000.00. Following the sale, the chairman directly owned 1,111,459 shares of the company’s stock, valued at $277,864,750. This represents a 1.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 201,560 shares of company stock valued at $46,559,187. 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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