E. Ohman J or Asset Management AB Buys New Shares in Jabil, Inc. $JBL

E. Ohman J or Asset Management AB bought a new position in shares of Jabil, Inc. (NYSE:JBL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,999 shares of the technology company’s stock, valued at approximately $684,000.

A number of other large investors have also bought and sold shares of the stock. State Street Corp raised its holdings in shares of Jabil by 0.7% during the third quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock valued at $1,129,207,000 after purchasing an additional 36,646 shares during the period. Boston Partners grew its stake in shares of Jabil by 224.4% in the 2nd quarter. Boston Partners now owns 1,898,681 shares of the technology company’s stock valued at $414,119,000 after buying an additional 1,313,338 shares during the period. Norges Bank acquired a new stake in shares of Jabil in the 2nd quarter valued at about $323,338,000. Arrowstreet Capital Limited Partnership increased its position in Jabil by 1,157.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock valued at $315,964,000 after buying an additional 1,339,247 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in 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 worth $286,594,000 after buying an additional 682,899 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird increased their price target on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Stifel Nicolaus upped their target price on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. UBS Group increased their target price on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. JPMorgan Chase & Co. lifted their price target on shares of Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $282.00 price target on shares of Jabil in a research note on Thursday, January 15th. One research 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $283.25.

Jabil Price Performance

JBL stock opened at $282.96 on Thursday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The business has a 50-day simple moving average of $255.34 and a two-hundred day simple moving average of $229.83. The company has a market capitalization of $29.88 billion, a P/E ratio of 37.98, a price-to-earnings-growth ratio of 1.44 and a beta of 1.22. Jabil, Inc. has a 52-week low of $108.66 and a 52-week high of $283.76.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.51 by $0.18. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. Research analysts expect that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, February 17th. Jabil’s dividend payout ratio (DPR) is presently 4.30%.

Insider Activity

In related news, Director Anousheh Ansari sold 1,000 shares of Jabil stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $270.00, for a total transaction of $270,000.00. Following the sale, the director directly owned 33,800 shares in the company, valued at approximately $9,126,000. This trade represents a 2.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $236.25, for a total value of $4,725,000.00. Following the completion of the transaction, the chairman owned 1,151,459 shares of the company’s stock, valued at $272,032,188.75. This trade represents a 1.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 80,018 shares of company stock worth $19,545,381. Corporate insiders own 1.35% of the company’s stock.

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.