Arizona State Retirement System Has $6.71 Million Position in Jabil, Inc. $JBL

Arizona State Retirement System lessened its stake in Jabil, Inc. (NYSE:JBL) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,435 shares of the technology company’s stock after selling 2,183 shares during the period. Arizona State Retirement System’s holdings in Jabil were worth $6,712,000 as of its most recent SEC filing.

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

Jabil Price Performance

Shares of NYSE JBL opened at $341.50 on Monday. The firm has a market capitalization of $36.03 billion, a P/E ratio of 45.84, a P/E/G ratio of 1.77 and a beta of 1.16. The firm’s 50-day moving average price is $275.82 and its 200-day moving average price is $242.34. 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 1-year low of $142.03 and a 1-year high of $346.22.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating 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 company had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same period last year, the business posted $1.94 EPS. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. Equities research analysts anticipate that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s payout ratio is currently 4.30%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JBL. Zacks Research upgraded shares of Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Wall Street Zen lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Barclays upped their price target 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. Stifel Nicolaus increased their price target on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Finally, Bank of America lifted their price objective on Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $290.63.

Insider Activity

In other news, Director Anousheh Ansari sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the transaction, the director directly owned 31,800 shares of the company’s stock, valued at $9,540,000. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Adam E. Berry sold 1,585 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $301.23, for a total value of $477,449.55. Following the completion of the transaction, the senior vice president owned 16,335 shares in the company, valued at approximately $4,920,592.05. This represents a 8.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 37,403 shares of company stock valued at $11,123,611. 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.