Swiss Life Asset Management Ltd increased its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,024 shares of the technology company’s stock after buying an additional 2,820 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Jabil were worth $6,162,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. First Horizon Corp acquired a new stake in Jabil during the 3rd quarter worth approximately $30,000. Veracity Capital LLC increased its holdings in shares of Jabil by 4,144.3% in the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock valued at $31,000 after purchasing an additional 3,647 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of Jabil during the third quarter worth approximately $43,000. Rothschild Investment LLC lifted its holdings in shares of Jabil by 51.1% during the third quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock worth $46,000 after purchasing an additional 72 shares during the period. Finally, Caitlin John LLC acquired a new stake in shares of Jabil during the third quarter worth $47,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
Insider Buying and Selling
In other news, CEO Michael Dastoor sold 9,467 shares of Jabil stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $286.64, for a total transaction of $2,713,620.88. Following the completion of the sale, the chief executive officer directly owned 253,099 shares in the company, valued at approximately $72,548,297.36. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven D. Borges sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $290.00, for a total value of $2,030,000.00. Following the sale, the executive vice president directly owned 76,524 shares in the company, valued at $22,191,960. This trade represents a 8.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 37,981 shares of company stock valued at $11,360,740 in the last 90 days. 1.35% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Jabil
Jabil Price Performance
Jabil stock opened at $355.47 on Thursday. The company has a market cap of $37.50 billion, a P/E ratio of 47.71, a price-to-earnings-growth ratio of 1.82 and a beta of 1.29. Jabil, Inc. has a one year low of $161.52 and a one year high of $372.37. The business has a fifty day moving average of $294.17 and a two-hundred day moving average of $253.56. 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 (NYSE:JBL – Get Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. The business had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 EPS. As a group, analysts predict that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.
Jabil Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, May 15th. Jabil’s dividend payout ratio is presently 4.30%.
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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