Kepler Cheuvreux Suisse SA acquired a new position in Jabil, Inc. (NYSE:JBL – Free Report) during the first quarter, HoldingsChannel reports. The firm acquired 15,369 shares of the technology company’s stock, valued at approximately $4,082,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. PenderFund Capital Management Ltd. raised its holdings in Jabil by 3.3% in the fourth quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company’s stock valued at $287,000 after buying an additional 40 shares during the period. Root Financial Partners LLC increased its position in shares of Jabil by 11.1% in the first quarter. Root Financial Partners LLC now owns 432 shares of the technology company’s stock worth $115,000 after acquiring an additional 43 shares in the last quarter. Cidel Asset Management Inc. increased its position in shares of Jabil by 4.8% in the first quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company’s stock worth $263,000 after acquiring an additional 45 shares in the last quarter. Hilton Head Capital Partners LLC raised its stake in shares of Jabil by 24.6% in the 1st quarter. Hilton Head Capital Partners LLC now owns 263 shares of the technology company’s stock valued at $70,000 after acquiring an additional 52 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Jabil by 1.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock valued at $630,000 after acquiring an additional 54 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Price Performance
Shares of JBL stock opened at $342.26 on Friday. The firm has a fifty day simple moving average of $360.19 and a 200-day simple moving average of $292.65. The company has a market capitalization of $35.87 billion, a PE ratio of 42.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.28. Jabil, Inc. has a twelve month low of $189.60 and a twelve month high of $428.93. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17.
Jabil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is currently 4.00%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on JBL. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. The Goldman Sachs Group raised their price objective on Jabil from $384.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Bank of America restated a “buy” rating and set a $470.00 price objective on shares of Jabil in a research note on Thursday, June 18th. Weiss Ratings raised Jabil from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Finally, Barclays increased their target price on Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Jabil has an average rating of “Moderate Buy” and a consensus target price of $453.67.
Insider Buying and Selling at Jabil
In related news, SVP Gary K. Schick sold 1,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $340.00, for a total value of $340,000.00. Following the transaction, the senior vice president owned 39,843 shares in the company, valued at approximately $13,546,620. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew Priestley sold 3,169 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $330.00, for a total value of $1,045,770.00. Following the completion of the transaction, the executive vice president directly owned 57,098 shares of the company’s stock, valued at $18,842,340. This represents a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 34,981 shares of company stock valued at $10,539,610. Company 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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