Aberdeen Group plc boosted its stake in Jabil, Inc. (NYSE:JBL – Free Report) by 35.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,290 shares of the technology company’s stock after acquiring an additional 6,651 shares during the period. Aberdeen Group plc’s holdings in Jabil were worth $5,425,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Primecap Management Co. CA grew its position in 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 period. Geode Capital Management LLC raised its position in shares of Jabil by 2.3% in the second quarter. Geode Capital Management LLC now owns 2,893,485 shares of the technology company’s stock valued at $628,519,000 after buying an additional 65,949 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Jabil by 5.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,302,307 shares of the technology company’s stock worth $502,133,000 after purchasing an additional 129,212 shares during the period. Boston Partners lifted its position in Jabil by 224.4% during the second quarter. Boston Partners now owns 1,898,681 shares of the technology company’s stock worth $414,119,000 after buying an additional 1,313,338 shares during the period. Finally, Norges Bank purchased a new position in shares of Jabil during the 2nd quarter worth about $323,338,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Stock Performance
Shares of JBL opened at $271.42 on Friday. The company’s 50 day moving average price is $240.69 and its 200 day moving average price is $222.04. Jabil, Inc. has a 52 week low of $108.66 and a 52 week high of $277.87. The company has a market capitalization of $28.66 billion, a PE ratio of 42.21, a PEG ratio of 1.67 and a beta of 1.24. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.67 and a current ratio of 0.99.
Jabil Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s payout ratio is 4.98%.
Insider Buying and Selling
In related news, Director Anousheh Ansari sold 500 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $252.00, for a total value of $126,000.00. Following the completion of the transaction, the director directly owned 33,900 shares of the company’s stock, valued at $8,542,800. This trade represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Dastoor sold 15,000 shares of Jabil stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $246.91, for a total value of $3,703,650.00. Following the sale, the chief executive officer directly owned 262,566 shares in the company, valued at $64,830,171.06. The trade was a 5.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 181,529 shares of company stock worth $42,145,485. 1.35% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. The Goldman Sachs Group restated a “buy” rating and issued a $282.00 price objective on shares of Jabil in a report on Thursday, January 15th. Wall Street Zen upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 15th. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research report on Friday, January 9th. Bank of America set a $265.00 price target on shares of Jabil in a research report on Thursday, December 18th. Finally, JPMorgan Chase & Co. raised their price target on Jabil from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $264.14.
Get Our Latest Report on Jabil
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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