Plato Investment Management Ltd purchased a new position in Jabil, Inc. (NYSE:JBL – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,121 shares of the technology company’s stock, valued at approximately $813,000.
A number of other large investors also recently modified their holdings of the business. Todd Asset Management LLC raised its position in Jabil by 1.9% in the fourth quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock worth $76,696,000 after acquiring an additional 6,179 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Jabil during the 4th quarter valued at about $7,061,000. Jackson Creek Investment Advisors LLC grew its stake in shares of Jabil by 386.2% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 11,290 shares of the technology company’s stock worth $2,574,000 after purchasing an additional 8,968 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Jabil in the 1st quarter worth approximately $1,333,000. Finally, Allstate Corp raised its holdings in shares of Jabil by 98.0% in the 4th quarter. Allstate Corp now owns 7,959 shares of the technology company’s stock worth $1,815,000 after purchasing an additional 3,939 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.
Jabil Stock Down 8.4%
Jabil stock opened at $338.93 on Wednesday. The company has a market capitalization of $35.52 billion, a P/E ratio of 42.31, a P/E/G ratio of 1.09 and a beta of 1.30. The firm’s fifty day simple moving average is $343.54 and its 200-day simple moving average is $314.32. 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, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93.
Jabil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th. Jabil’s dividend payout ratio (DPR) is presently 4.00%.
Insiders Place Their Bets
In related news, EVP Matthew Crowley sold 94 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $345.00, for a total value of $32,430.00. Following the completion of the sale, the executive vice president directly owned 57,536 shares in the company, valued at approximately $19,849,920. The trade was a 0.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.35% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on JBL shares. Weiss Ratings cut shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Barclays upped their price target on Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Argus set a $475.00 price objective on Jabil in a research note on Thursday, June 18th. Raymond James Financial lifted their target price on Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a report on Thursday, June 18th. Finally, Bank of America reaffirmed a “buy” rating and set a $470.00 target price on shares of Jabil in a research report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $453.67.
Get Our Latest Research Report on JBL
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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