Dimensional Fund Advisors LP decreased its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 5.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,374,681 shares of the technology company’s stock after selling 75,168 shares during the quarter. Dimensional Fund Advisors LP owned about 1.29% of Jabil worth $298,508,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Jabil in the 2nd quarter valued at about $323,338,000. Boston Partners increased its holdings in shares of Jabil by 224.4% during the 2nd 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 last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Jabil by 107.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,319,675 shares of the technology company’s stock valued at $286,594,000 after buying an additional 682,899 shares during the period. Allianz Asset Management GmbH raised its position in shares of Jabil by 180.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock valued at $164,686,000 after buying an additional 487,595 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in Jabil in the third quarter valued at approximately $57,799,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Trading Down 4.4%
NYSE JBL opened at $241.10 on Friday. The firm has a 50 day simple moving average of $247.58 and a 200-day simple moving average of $224.83. 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, Inc. has a one year low of $108.66 and a one year high of $281.37. The firm has a market cap of $25.46 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 1.61 and a beta of 1.22.
Jabil Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio is 4.98%.
Analyst Upgrades and Downgrades
JBL has been the topic of a number of research analyst reports. Zacks Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. Wall Street Zen cut Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. The Goldman Sachs Group reissued a “buy” rating and set a $282.00 price objective on shares of Jabil in a research report on Thursday, January 15th. Barclays boosted their price objective on shares of Jabil from $267.00 to $283.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jabil in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and an average price target of $264.14.
Get Our Latest Research Report on JBL
Insider Buying and Selling
In other news, Director Anousheh Ansari sold 500 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $252.00, for a total transaction of $126,000.00. Following the completion of the transaction, the director directly owned 33,900 shares of the company’s stock, valued at approximately $8,542,800. This represents a 1.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Dastoor sold 15,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 262,566 shares in the company, valued at approximately $64,830,171.06. The trade was a 5.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 161,529 shares of company stock worth $37,901,485 over the last ninety days. Company insiders own 1.35% of the company’s stock.
Jabil 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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