Tredje AP fonden increased its position in Jabil, Inc. (NYSE:JBL – Free Report) by 182.3% in the 4th quarter, HoldingsChannel reports. The fund owned 32,089 shares of the technology company’s stock after buying an additional 20,722 shares during the quarter. Tredje AP fonden’s holdings in Jabil were worth $7,317,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in Jabil in the 3rd quarter worth approximately $43,000. Rothschild Investment LLC increased its holdings in Jabil by 51.1% in the 3rd quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock worth $46,000 after acquiring an additional 72 shares in the last quarter. Caitlin John LLC purchased a new stake in Jabil in the 3rd quarter worth approximately $47,000. Assetmark Inc. increased its holdings in Jabil by 40.4% in the 3rd quarter. Assetmark Inc. now owns 219 shares of the technology company’s stock worth $48,000 after acquiring an additional 63 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Jabil in the 4th quarter worth approximately $50,000. 93.39% of the stock is owned by hedge funds and other institutional investors.
Jabil Trading Down 1.7%
JBL stock opened at $332.98 on Wednesday. Jabil, Inc. has a 1-year low of $161.52 and a 1-year high of $372.37. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. The company has a market capitalization of $35.13 billion, a price-to-earnings ratio of 44.69, a PEG ratio of 1.76 and a beta of 1.29. The business has a 50 day simple moving average of $301.42 and a two-hundred day simple moving average of $257.11.
Jabil Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a $0.08 dividend. 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%.
Wall Street Analyst Weigh In
JBL has been the subject of several analyst reports. Robert W. Baird increased their target price on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Wall Street Zen lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Bank of America increased their target price on shares of Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Stifel Nicolaus increased their target price on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Finally, Weiss Ratings lowered shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $290.63.
Get Our Latest Research Report on Jabil
Insiders Place Their Bets
In other Jabil news, CEO Michael Dastoor sold 9,467 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $286.64, for a total value of $2,713,620.88. Following the completion of the transaction, the chief executive officer directly owned 253,099 shares in the company, valued at $72,548,297.36. This represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP May Yee Yap sold 1,634 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total value of $501,213.16. Following the completion of the transaction, the senior vice president owned 23,787 shares of the company’s stock, valued at $7,296,424.38. The trade was a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,981 shares of company stock worth $11,360,740 over the last ninety days. 1.35% of the stock is owned by company insiders.
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.
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