Entropy Technologies LP raised its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 134.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,581 shares of the technology company’s stock after buying an additional 14,651 shares during the quarter. Entropy Technologies LP’s holdings in Jabil were worth $5,833,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in JBL. Norges Bank acquired a new stake in shares of Jabil during the fourth quarter worth $407,299,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Jabil by 1,157.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock worth $315,964,000 after purchasing an additional 1,339,247 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Jabil by 45.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock worth $429,714,000 after purchasing an additional 591,364 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Jabil during the fourth quarter worth $121,710,000. Finally, M&T Bank Corp boosted its holdings in shares of Jabil by 2,833.4% during the fourth quarter. M&T Bank Corp now owns 348,987 shares of the technology company’s stock worth $79,576,000 after purchasing an additional 337,090 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.
Insider Activity at Jabil
In other news, SVP May Yee Yap sold 1,634 shares of Jabil stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $306.74, for a total transaction of $501,213.16. Following the sale, the senior vice president directly owned 23,787 shares of the company’s stock, valued at approximately $7,296,424.38. The trade was a 6.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $1,204,000.00. Following the sale, the executive vice president directly owned 60,267 shares in the company, valued at approximately $18,140,367. The trade was a 6.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,981 shares of company stock valued at $11,360,740 over the last 90 days. Corporate insiders own 1.35% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on JBL
Jabil Trading Up 2.1%
Shares of JBL opened at $384.64 on Friday. The stock’s 50-day moving average is $339.33 and its two-hundred day moving average is $276.51. The stock has a market cap of $40.58 billion, a PE ratio of 51.63, a P/E/G ratio of 2.00 and a beta of 1.28. Jabil, Inc. has a 12 month low of $175.08 and a 12 month high of $386.64. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68.
Jabil (NYSE:JBL – Get Free Report) last issued its quarterly earnings data 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 company had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm’s quarterly 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. Equities analysts forecast that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.
Jabil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, May 15th. Jabil’s payout ratio is currently 4.30%.
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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