Verdence Capital Advisors LLC increased its stake in Jabil, Inc. (NYSE:JBL – Free Report) by 34.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,915 shares of the technology company’s stock after buying an additional 2,533 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Jabil were worth $2,094,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GFG Capital LLC acquired a new stake in Jabil in the second quarter valued at approximately $26,000. True Wealth Design LLC lifted its position in shares of Jabil by 250.0% during the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after purchasing an additional 100 shares in the last quarter. First Horizon Corp purchased a new position in shares of Jabil in the third quarter valued at $30,000. Traub Capital Management LLC acquired a new stake in Jabil during the 2nd quarter valued at $33,000. Finally, Assetmark Inc. increased its stake in Jabil by 45.8% during the 2nd quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock worth $34,000 after buying an additional 49 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.
Jabil Stock Down 1.7%
JBL stock opened at $247.00 on Wednesday. The firm has a market cap of $26.08 billion, a price-to-earnings ratio of 38.41, a PEG ratio of 1.61 and a beta of 1.25. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $256.17. The firm has a fifty day moving average price of $222.14 and a two-hundred day moving average price of $217.42. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.99 and a quick ratio of 0.67.
Insider Activity at Jabil
In related news, 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 transaction, the executive vice president owned 90,524 shares in the company, valued at $21,273,140. The trade was a 9.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP May Yee Yap sold 8,858 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $225.03, for a total value of $1,993,315.74. Following the completion of the sale, the senior vice president directly owned 25,421 shares in the company, valued at $5,720,487.63. This represents a 25.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 211,336 shares of company stock valued at $48,273,260. 1.35% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities analysts have weighed in on JBL shares. Bank of America upped their price objective on shares of Jabil from $255.00 to $262.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $282.00 price target on shares of Jabil in a report on Thursday, January 15th. Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a report on Friday, January 2nd. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Jabil in a research report on Thursday, December 18th. Finally, Wall Street Zen raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Jabil presently has a consensus rating of “Buy” and an average target price of $263.71.
Read Our Latest Stock Report on Jabil
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.
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