Assenagon Asset Management S.A. Sells 33,833 Shares of Jabil, Inc. $JBL

Assenagon Asset Management S.A. trimmed its position in Jabil, Inc. (NYSE:JBL) by 46.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,961 shares of the technology company’s stock after selling 33,833 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Jabil were worth $8,884,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in Jabil by 0.7% in the 3rd quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock worth $1,129,207,000 after purchasing an additional 36,646 shares in the last quarter. Norges Bank acquired a new position in Jabil in the 2nd quarter valued at $323,338,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Jabil by 1,157.8% during 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 acquiring an additional 1,339,247 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of 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 valued at $286,594,000 after acquiring an additional 682,899 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in shares of Jabil by 180.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock worth $164,686,000 after purchasing an additional 487,595 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Performance

NYSE:JBL opened at $261.14 on Friday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. Jabil, Inc. has a fifty-two week low of $108.66 and a fifty-two week high of $283.76. The company has a 50 day simple moving average of $255.75 and a two-hundred day simple moving average of $230.43. The company has a market capitalization of $27.58 billion, a PE ratio of 35.05, a P/E/G ratio of 1.37 and a beta of 1.22.

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

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders 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 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio is currently 4.30%.

Insider Activity at Jabil

In other Jabil news, SVP Adam E. Berry sold 1,596 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $253.20, for a total value of $404,107.20. Following the completion of the sale, the senior vice president owned 18,920 shares of the company’s stock, valued at approximately $4,790,544. This trade represents a 7.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anousheh Ansari sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $270.00, for a total value 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. Over the last ninety days, insiders have sold 80,018 shares of company stock worth $19,545,381. 1.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Bank of America boosted their price target on Jabil from $280.00 to $295.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Raymond James Financial reiterated a “strong-buy” rating on shares of Jabil in a research note on Thursday, December 18th. Stifel Nicolaus boosted their target price on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Robert W. Baird upped their price target on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Finally, Zacks Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. One equities 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $283.25.

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.