Evercore Wealth Management LLC trimmed its position in Jabil, Inc. (NYSE:JBL – Free Report) by 8.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,796 shares of the technology company’s stock after selling 3,044 shares during the quarter. Evercore Wealth Management LLC’s holdings in Jabil were worth $8,712,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its stake in Jabil by 34.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock valued at $382,000 after acquiring an additional 720 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 acquiring an additional 7,602 shares during the period. Focus Partners Wealth raised its holdings in shares of Jabil by 20.0% during the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock worth $676,000 after purchasing an additional 829 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Jabil by 50.0% during the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock worth $79,000 after purchasing an additional 194 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Jabil during the second quarter valued at approximately $488,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Jabil Stock Down 0.4%
Shares of NYSE:JBL opened at $311.22 on Tuesday. The firm has a market capitalization of $32.61 billion, a PE ratio of 38.85, a price-to-earnings-growth ratio of 0.94 and a beta of 1.28. Jabil, Inc. has a 1 year low of $189.60 and a 1 year high of $428.93. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66. The firm’s 50-day moving average is $351.60 and its two-hundred day moving average is $303.43.
Jabil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be paid a $0.08 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s payout ratio is 4.00%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. 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 report on Thursday, June 18th. UBS Group lifted their price target on shares of Jabil from $380.00 to $430.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Raymond James Financial increased their price objective on Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a research report on Thursday, June 18th. Finally, Weiss Ratings raised Jabil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $453.67.
Read Our Latest Report on Jabil
Insiders Place Their Bets
In other news, EVP Matthew Crowley sold 94 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $345.00, for a total transaction of $32,430.00. Following the sale, the executive vice president owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. This represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Gary K. Schick sold 1,000 shares of the 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 completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is currently owned by corporate insiders.
About Jabil
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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