Northwestern Mutual Wealth Management Co. grew its stake in Jabil, Inc. (NYSE:JBL – Free Report) by 1,414.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,737 shares of the technology company’s stock after purchasing an additional 169,734 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Jabil were worth $41,440,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Jabil by 33.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,441 shares of the technology company’s stock valued at $5,742,000 after purchasing an additional 6,594 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Jabil by 9.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company’s stock valued at $67,732,000 after purchasing an additional 25,932 shares during the period. Westfield Capital Management Co. LP bought a new stake in shares of Jabil in the 3rd quarter valued at approximately $57,799,000. Winnow Wealth LLC bought a new stake in shares of Jabil in the 3rd quarter valued at approximately $1,077,000. Finally, Banco Santander S.A. bought a new stake in shares of Jabil in the 3rd quarter valued at approximately $908,000. 93.39% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on JBL. Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Robert W. Baird increased their price target on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Barclays increased their price target on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Finally, UBS Group increased their price target on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Jabil has a consensus rating of “Buy” and an average price target of $290.63.
Jabil Stock Down 0.4%
NYSE JBL opened at $338.47 on Tuesday. The firm has a market cap of $35.71 billion, a PE ratio of 45.43, a price-to-earnings-growth ratio of 1.76 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 stock’s 50 day simple moving average is $299.58 and its 200 day simple moving average is $256.33. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68.
Jabil (NYSE:JBL – Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS 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 analyst estimates of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.Jabil’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 earned $1.94 EPS. As a group, sell-side analysts forecast that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.
Jabil Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, May 15th. Jabil’s dividend payout ratio (DPR) is presently 4.30%.
Insider Transactions at Jabil
In other Jabil news, EVP Steven D. Borges sold 7,000 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 76,524 shares in the company, valued at approximately $22,191,960. This trade represents a 8.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew Priestley sold 4,000 shares of the stock in a transaction on Friday, April 10th. The shares were sold at an average price of $301.00, for a total value of $1,204,000.00. Following the completion of the transaction, the executive vice president owned 60,267 shares in the company, valued at $18,140,367. The trade was a 6.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 37,981 shares of company stock worth $11,360,740. Corporate insiders own 1.35% of the company’s stock.
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.
Read More
- Five stocks we like better than Jabil
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil, Inc. (NYSE:JBL – Free Report).
Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.
