Securian Asset Management Inc. lessened its holdings in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 44.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,898 shares of the technology company’s stock after selling 2,300 shares during the quarter. Securian Asset Management Inc.’s holdings in Jabil were worth $661,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. NewEdge Wealth LLC raised its holdings in shares of Jabil by 118.7% in the 4th quarter. NewEdge Wealth LLC now owns 2,167 shares of the technology company’s stock worth $494,000 after acquiring an additional 1,176 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Jabil by 7.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 35,437 shares of the technology company’s stock valued at $8,080,000 after purchasing an additional 2,602 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Jabil during the 4th quarter worth approximately $50,000. MGO One Seven LLC increased its holdings in Jabil by 24.4% during the 4th quarter. MGO One Seven LLC now owns 1,509 shares of the technology company’s stock worth $344,000 after purchasing an additional 296 shares in the last quarter. Finally, Crestwood Advisors Group LLC purchased a new stake in shares of Jabil in the fourth quarter worth approximately $324,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
Insider Buying and Selling
In related news, Director Anousheh Ansari sold 2,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the transaction, the director owned 31,800 shares in the company, valued at approximately $9,540,000. This represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew Priestley sold 4,000 shares of Jabil stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $301.00, for a total transaction of $1,204,000.00. Following the completion of the sale, the executive vice president directly owned 60,267 shares in the company, valued at approximately $18,140,367. This represents a 6.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,981 shares of company stock worth $11,360,740 in the last ninety days. Corporate insiders own 1.35% of the company’s stock.
Jabil Stock Performance
Jabil (NYSE:JBL – Get Free Report) last issued its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. The business had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.Jabil’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the company posted $1.94 earnings per share. As a group, sell-side analysts expect that Jabil, Inc. will post 11.3 earnings per share for the current year.
Jabil Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be issued 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, May 15th. Jabil’s payout ratio is 4.30%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on JBL. JPMorgan Chase & Co. raised their target price on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Barclays upped their price target on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. The Goldman Sachs Group restated a “buy” rating and set a $282.00 price objective on shares of Jabil in a research note on Thursday, January 15th. Stifel Nicolaus lifted their price objective on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Finally, Bank of America upped their target price on shares of Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $290.63.
Check Out Our Latest Stock 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.
Read More
- Five stocks we like better than Jabil
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.
