Allspring Global Investments Holdings LLC Sells 7,246 Shares of Jabil, Inc. $JBL

Allspring Global Investments Holdings LLC cut its position in Jabil, Inc. (NYSE:JBL) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 161,819 shares of the technology company’s stock after selling 7,246 shares during the period. Allspring Global Investments Holdings LLC owned about 0.15% of Jabil worth $38,900,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Savant Capital LLC grew its stake in Jabil by 0.9% in the third quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock valued at $1,266,000 after acquiring an additional 54 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of Jabil by 1.9% during the third quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock worth $630,000 after purchasing an additional 54 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of Jabil by 11.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 584 shares of the technology company’s stock valued at $127,000 after purchasing an additional 59 shares in the last quarter. Measured Wealth Private Client Group LLC lifted its holdings in shares of Jabil by 2.1% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company’s stock valued at $613,000 after purchasing an additional 59 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Jabil by 2.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company’s stock valued at $483,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the subject of several research analyst reports. Robert W. Baird upped their price target on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. Raymond James Financial restated a “strong-buy” rating on shares of Jabil in a report on Thursday, December 18th. JPMorgan Chase & Co. upped their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jabil in a research report on Friday, January 9th. Finally, Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and a consensus price target of $283.25.

Jabil Price Performance

NYSE:JBL opened at $268.85 on Friday. The stock has a market capitalization of $28.39 billion, a PE ratio of 36.09, a P/E/G ratio of 1.41 and a beta of 1.16. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $283.76. The firm has a fifty day simple moving average of $256.90 and a 200 day simple moving average of $231.82. 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 (NYSE:JBL) last posted its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.18. The firm had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.94 earnings per share. On average, research analysts expect that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors 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 dividend on an annualized basis and a yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 4.30%.

Insider Buying and Selling at Jabil

In other Jabil news, CEO Michael Dastoor sold 15,000 shares of Jabil stock in a transaction on 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 transaction, the chief executive officer directly owned 262,566 shares of the company’s stock, valued at $64,830,171.06. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anousheh Ansari sold 1,000 shares of the firm’s stock in a transaction dated 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 owned 33,800 shares of the company’s stock, valued at approximately $9,126,000. This represents a 2.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 61,018 shares of company stock worth $15,093,181 in the last three months. 1.35% of the stock is owned by 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.