Los Angeles Capital Management LLC lifted its holdings in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 28.7% in the 4th quarter, Holdings Channel reports. The firm owned 201,208 shares of the technology company’s stock after acquiring an additional 44,929 shares during the period. Los Angeles Capital Management LLC’s holdings in Jabil were worth $44,562,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of JBL. Veracity Capital LLC grew its holdings in shares of Jabil by 4,144.3% during the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after purchasing an additional 3,647 shares in the last quarter. Leonteq Securities AG bought a new stake in Jabil in the 4th quarter worth approximately $42,000. Banque Cantonale Vaudoise bought a new stake in Jabil in the 3rd quarter worth approximately $43,000. Rothschild Investment LLC lifted its position 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 buying an additional 72 shares during the last quarter. Finally, Caitlin John LLC bought a new stake in Jabil in the 3rd quarter worth approximately $47,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Jabil Stock Performance
Shares of JBL stock opened at $353.05 on Friday. 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, Inc. has a fifty-two week low of $174.00 and a fifty-two week high of $384.70. The stock has a 50 day moving average price of $328.74 and a two-hundred day moving average price of $270.56. The company has a market capitalization of $37.25 billion, a P/E ratio of 47.39, a PEG ratio of 1.83 and a beta of 1.28.
Jabil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were given a $0.08 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s payout ratio is presently 4.30%.
Analyst Ratings Changes
JBL has been the subject of a number of recent research reports. Stifel Nicolaus boosted their target price on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. The Goldman Sachs Group boosted their target price on Jabil from $336.00 to $384.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Zacks Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Robert W. Baird boosted their target price on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Finally, Wall Street Zen downgraded 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 assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $303.38.
Read Our Latest Research Report on Jabil
Insider Transactions at Jabil
In other Jabil news, EVP Andrew Priestley sold 3,169 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $330.00, for a total value of $1,045,770.00. Following the completion of the sale, the executive vice president owned 57,098 shares in the company, valued at approximately $18,842,340. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anousheh Ansari sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the director owned 31,800 shares of the company’s stock, valued at $9,540,000. The trade was a 5.92% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 37,981 shares of company stock valued at $11,360,740. 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.
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