CCM Investment Advisers LLC Sells 2,349 Shares of Jabil, Inc. $JBL

CCM Investment Advisers LLC cut its holdings in shares of Jabil, Inc. (NYSE:JBL) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,470 shares of the technology company’s stock after selling 2,349 shares during the quarter. Jabil makes up 2.9% of CCM Investment Advisers LLC’s portfolio, making the stock its 7th largest position. CCM Investment Advisers LLC owned about 0.12% of Jabil worth $29,978,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JBL. First Horizon Corp acquired a new position in Jabil during the third quarter valued at approximately $30,000. True Wealth Design LLC grew 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 valued at $30,000 after purchasing an additional 100 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Jabil during the 3rd quarter worth approximately $43,000. Rothschild Investment LLC increased its position in shares of Jabil by 51.1% during the 3rd quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock worth $46,000 after purchasing an additional 72 shares during the last quarter. Finally, Caitlin John LLC bought a new stake in shares of Jabil during the 3rd quarter worth approximately $47,000. Institutional investors own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on JBL shares. Raymond James Financial reissued a “strong-buy” rating on shares of Jabil in a report on Thursday, December 18th. Wall Street Zen raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Robert W. Baird increased their price target on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Barclays lifted their price objective on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and an average price target of $283.25.

Jabil Stock Performance

Shares of NYSE JBL opened at $282.96 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. Jabil, Inc. has a 12 month low of $108.66 and a 12 month high of $283.76. The stock has a 50 day moving average of $255.34 and a 200-day moving average of $229.83. The company has a market capitalization of $29.88 billion, a P/E ratio of 37.98, a P/E/G ratio of 1.44 and a beta of 1.22.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The business had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter in the prior year, the business earned $1.94 EPS. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. As a group, equities research analysts predict that Jabil, Inc. will post 8.05 EPS for the current year.

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 given 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 is presently 4.30%.

Insider Activity at Jabil

In related news, CEO Michael Dastoor sold 15,000 shares of Jabil stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $246.91, for a total transaction of $3,703,650.00. Following the completion of the sale, the chief executive officer owned 262,566 shares of the company’s stock, valued at approximately $64,830,171.06. The trade was a 5.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Anousheh Ansari sold 1,000 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $270.00, for a total transaction of $270,000.00. Following the completion of the transaction, the director owned 33,800 shares in the company, valued at approximately $9,126,000. This trade represents a 2.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 80,018 shares of company stock worth $19,545,381 in the last quarter. 1.35% of the stock is owned by corporate insiders.

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.