Mutual Advisors LLC acquired a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,715 shares of the technology company’s stock, valued at approximately $1,387,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBL. Ashton Thomas Private Wealth LLC lifted its stake in shares of Jabil by 1.2% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 4,120 shares of the technology company’s stock valued at $899,000 after buying an additional 48 shares in the last quarter. Assetmark Inc. raised its holdings in Jabil by 45.8% during the 2nd quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock valued at $34,000 after acquiring an additional 49 shares during the period. AlphaCore Capital LLC lifted its position in shares of Jabil by 1.8% during the second quarter. AlphaCore Capital LLC now owns 3,263 shares of the technology company’s stock worth $712,000 after acquiring an additional 57 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Jabil by 45.4% during the second quarter. Hantz Financial Services Inc. now owns 189 shares of the technology company’s stock worth $41,000 after acquiring an additional 59 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Jabil by 11.2% in the third quarter. TD Private Client Wealth LLC now owns 584 shares of the technology company’s stock worth $127,000 after acquiring an additional 59 shares during the period. Institutional investors own 93.39% of the company’s stock.
Jabil Trading Up 1.1%
Shares of JBL opened at $245.84 on Wednesday. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $258.05. The company has a market capitalization of $25.96 billion, a P/E ratio of 38.23, a P/E/G ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.99 and a quick ratio of 0.67. The firm’s 50 day simple moving average is $230.80 and its 200 day simple moving average is $219.00.
Jabil Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s payout ratio is 4.98%.
Insider Transactions at Jabil
In other Jabil news, CEO Michael Dastoor sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 262,566 shares in the company, valued at $64,830,171.06. This trade represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven D. Borges sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $235.00, for a total transaction of $2,350,000.00. Following the completion of the sale, the executive vice president owned 90,524 shares of the company’s stock, valued at approximately $21,273,140. The trade was a 9.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 181,529 shares of company stock valued at $42,145,485 over the last quarter. 1.35% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on JBL. Raymond James Financial reissued a “strong-buy” rating on shares of Jabil in a report on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Jabil in a report on Friday, January 9th. Barclays raised their price objective on shares of Jabil from $267.00 to $283.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. UBS Group upped their target price on shares of Jabil from $239.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th. Finally, Bank of America raised their price target on shares of Jabil from $255.00 to $262.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $263.71.
View Our Latest Report on Jabil
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.
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