O Shaughnessy Asset Management LLC cut its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 324,686 shares of the technology company’s stock after selling 11,961 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Jabil were worth $74,035,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of JBL. Integrated Wealth Concepts LLC boosted its position in shares of Jabil by 34.4% in the first 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Jabil by 70.9% in the first 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 period. Focus Partners Wealth boosted its position in shares of Jabil by 20.0% in the first 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 period. Geneos Wealth Management Inc. boosted its position in shares of Jabil by 50.0% in the first 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 period. Finally, Jump Financial LLC acquired a new stake in shares of Jabil in the second quarter worth $488,000. 93.39% of the stock is owned by institutional investors.
Insider Activity
In related news, EVP Andrew Priestley sold 3,169 shares of Jabil stock in a transaction on Monday, April 20th. The stock was sold at an average price of $330.00, for a total transaction of $1,045,770.00. Following the completion of the sale, the executive vice president owned 57,098 shares of the company’s stock, valued at approximately $18,842,340. This trade represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gary K. Schick sold 1,000 shares of Jabil stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $340.00, for a total value of $340,000.00. Following the sale, the senior vice president directly owned 39,843 shares of the company’s stock, valued at approximately $13,546,620. The trade was a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 37,981 shares of company stock valued at $11,360,740. 1.35% of the stock is currently owned by company insiders.
Jabil Price Performance
Jabil (NYSE:JBL – Get Free Report) last released its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. The firm 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%.The business’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.94 earnings per share. Analysts forecast that Jabil, Inc. will post 11.3 EPS for the current fiscal year.
Jabil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 4.30%.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. Stifel Nicolaus raised 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. JPMorgan Chase & Co. raised their target price on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Robert W. Baird raised 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. Barclays raised their target price 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 raised their target price on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $303.38.
Read Our Latest Stock Report 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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