Legal & General Group Plc grew its holdings in Jabil, Inc. (NYSE:JBL – Free Report) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 405,938 shares of the technology company’s stock after purchasing an additional 1,714 shares during the period. Legal & General Group Plc owned about 0.38% of Jabil worth $92,562,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of JBL. Integrated Wealth Concepts LLC raised its position in Jabil by 34.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock worth $382,000 after buying an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Jabil by 70.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock worth $2,493,000 after buying an additional 7,602 shares during the last quarter. Focus Partners Wealth raised its position in Jabil by 20.0% in the 1st quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock worth $676,000 after buying an additional 829 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Jabil by 50.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock worth $79,000 after buying an additional 194 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Jabil in the 2nd quarter worth about $488,000. Institutional investors own 93.39% of the company’s stock.
Insider Activity at Jabil
In other Jabil news, Director Anousheh Ansari sold 2,000 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the sale, the director owned 31,800 shares of the company’s stock, valued at approximately $9,540,000. The trade was a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP May Yee Yap sold 1,634 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $306.74, for a total value of $501,213.16. Following the sale, the senior vice president directly owned 23,787 shares of the company’s stock, valued at $7,296,424.38. This represents a 6.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,981 shares of company stock valued at $11,360,740 in the last 90 days. 1.35% of the stock is owned by company insiders.
Jabil Stock Up 0.1%
Jabil (NYSE:JBL – Get Free Report) last posted its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. The company had revenue of $8.28 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 earnings per share. As a group, sell-side analysts predict that Jabil, Inc. will post 11.3 EPS for the current year.
Jabil Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be given a dividend of $0.08 per share. 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 is 4.30%.
Analysts Set New Price Targets
A number of research firms have commented on JBL. Barclays lifted their target price on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Zacks Research cut Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Stifel Nicolaus upped their price objective on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Finally, Wall Street Zen cut Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.38.
Read Our Latest Stock Analysis 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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