Te Ahumairangi Investment Management Ltd lowered its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 21.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,848 shares of the technology company’s stock after selling 4,544 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Jabil were worth $3,842,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. Leonteq Securities AG acquired a new stake in shares of Jabil in the fourth quarter worth $42,000. Banque Cantonale Vaudoise acquired a new position in Jabil in the 3rd quarter valued at $43,000. Hilton Head Capital Partners LLC acquired a new position in Jabil in the 4th quarter valued at $48,000. Rothschild Investment LLC raised 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 during the period. Finally, Caitlin John LLC bought a new position in Jabil in the 3rd quarter worth $47,000. Institutional investors own 93.39% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. The Goldman Sachs Group boosted their price objective on Jabil from $336.00 to $384.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Stifel Nicolaus increased their target price on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Barclays raised their target price on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Finally, Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One research 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $339.75.
Jabil Stock Up 7.1%
Shares of NYSE:JBL opened at $377.36 on Friday. The company has a market capitalization of $39.81 billion, a PE ratio of 50.65, a PEG ratio of 1.83 and a beta of 1.28. Jabil, Inc. has a 52 week low of $175.08 and a 52 week high of $384.70. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The company has a 50 day moving average price of $337.08 and a two-hundred day moving average price of $275.75.
Jabil (NYSE:JBL – Get Free Report) last announced its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. The firm had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The business’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 earnings per share. Analysts forecast that Jabil, Inc. will post 11.3 earnings per share for the current year.
Jabil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were 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 of this dividend was Friday, May 15th. Jabil’s payout ratio is 4.30%.
Insider Activity at Jabil
In other Jabil news, EVP Steven D. Borges sold 5,126 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $317.51, for a total value of $1,627,556.26. Following the transaction, the executive vice president directly owned 71,398 shares of the company’s stock, valued at $22,669,578.98. This represents a 6.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Andrew Priestley sold 3,169 shares of the firm’s stock in a transaction 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 transaction, the executive vice president owned 57,098 shares in the company, valued at approximately $18,842,340. This trade represents a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,981 shares of company stock worth $11,360,740 in the last quarter. 1.35% of the stock is owned by corporate insiders.
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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