Arrowstreet Capital Limited Partnership raised its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 1,157.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,454,915 shares of the technology company’s stock after purchasing an additional 1,339,247 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.36% of Jabil worth $315,964,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of JBL. True Wealth Design LLC raised its stake in Jabil by 250.0% in the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after buying an additional 100 shares in the last quarter. First Horizon Corp bought a new stake in Jabil during the 3rd quarter valued at approximately $30,000. Traub Capital Management LLC bought a new stake in Jabil during the 2nd quarter valued at approximately $33,000. Banque Cantonale Vaudoise purchased a new position in shares of Jabil during the 3rd quarter worth approximately $43,000. Finally, Rothschild Investment LLC raised its position in shares of Jabil by 51.1% in the 3rd quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock worth $46,000 after acquiring an additional 72 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.
Jabil Stock Performance
JBL opened at $252.40 on Friday. The company’s 50 day moving average is $249.25 and its 200 day moving average is $226.09. The company has a current ratio of 0.99, a quick ratio of 0.67 and a debt-to-equity ratio of 1.77. The company has a market cap of $26.65 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 1.63 and a beta of 1.22. Jabil, Inc. has a 12-month low of $108.66 and a 12-month high of $281.37.
Jabil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is 4.98%.
Insider Transactions at Jabil
In other Jabil news, SVP Adam E. Berry sold 1,596 shares of Jabil stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $253.20, for a total transaction of $404,107.20. Following the transaction, the senior vice president owned 18,920 shares of the company’s stock, valued at $4,790,544. The trade was a 7.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven D. Borges sold 10,000 shares of the company’s 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 completion of the transaction, the executive vice president owned 90,524 shares of the company’s stock, valued at approximately $21,273,140. The trade was a 9.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 161,529 shares of company stock valued at $37,901,485. Company insiders own 1.35% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Bank of America set a $265.00 target price on Jabil in a research note on Thursday, December 18th. Wall Street Zen downgraded Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Robert W. Baird assumed coverage on Jabil in a research report on Thursday. They set an “outperform” rating and a $275.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a report on Friday, January 9th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Jabil in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $270.50.
Check Out Our Latest Report on JBL
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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