BridgePort Financial Solutions LLC Cuts Stock Position in Jabil, Inc. $JBL

BridgePort Financial Solutions LLC cut its stake in shares of Jabil, Inc. (NYSE:JBL) by 35.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,012 shares of the technology company’s stock after selling 2,193 shares during the period. BridgePort Financial Solutions LLC’s holdings in Jabil were worth $915,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JBL. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Jabil by 33.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,441 shares of the technology company’s stock valued at $5,742,000 after acquiring an additional 6,594 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Jabil during the third quarter worth approximately $57,799,000. Envestnet Asset Management Inc. increased its position in shares of Jabil by 9.1% during the third quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company’s stock worth $67,732,000 after purchasing an additional 25,932 shares in the last quarter. Winnow Wealth LLC acquired a new position in Jabil in the 3rd quarter valued at $1,077,000. Finally, Banco Santander S.A. purchased a new position in Jabil in the 3rd quarter valued at $908,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jabil

In related news, Chairman Mark T. Mondello sold 17,200 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $250.00, for a total value of $4,300,000.00. Following the transaction, the chairman directly owned 1,111,459 shares in the company, valued at approximately $277,864,750. This represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anousheh Ansari sold 1,000 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $270.00, for a total value of $270,000.00. Following the sale, the director directly owned 33,800 shares of the company’s stock, valued at approximately $9,126,000. This trade represents a 2.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 61,018 shares of company stock valued at $15,093,181 in the last ninety days. 1.35% of the stock is currently owned by corporate insiders.

Jabil Trading Down 1.1%

Shares of JBL stock opened at $268.85 on Friday. 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 twelve month low of $108.66 and a twelve month high of $283.76. The company’s 50-day moving average price is $256.90 and its 200-day moving average price is $231.82. The stock has a market cap of $28.39 billion, a price-to-earnings ratio of 36.09, a PEG ratio of 1.41 and a beta of 1.16.

Jabil (NYSE:JBL) last released its quarterly earnings data 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. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The firm had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period last year, the business earned $1.94 earnings per share. Jabil’s revenue was up 23.1% compared to the same quarter last year. As a group, equities analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

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

Analyst Upgrades and Downgrades

JBL has been the topic of several recent research reports. Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Wall Street Zen raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. The Goldman Sachs Group restated a “buy” rating and set a $282.00 price target on shares of Jabil in a research report on Thursday, January 15th. Stifel Nicolaus increased their price objective on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Bank of America raised their target price on shares of Jabil from $280.00 to $295.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $283.25.

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.