Severin Investments LLC purchased a new position in shares of Jabil, Inc. (NYSE:JBL – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,325 shares of the technology company’s stock, valued at approximately $618,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Greenline Wealth Management LLC purchased a new position in shares of Jabil during the fourth quarter valued at approximately $28,000. Veracity Capital LLC boosted its position in Jabil by 4,144.3% during the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after acquiring an additional 3,647 shares during the last quarter. Virtus Advisers LLC purchased a new stake in Jabil in the 4th quarter worth approximately $32,000. DV Equities LLC purchased a new stake in Jabil in the 4th quarter worth approximately $34,000. Finally, Wilkerson Advisory Group LLC acquired a new position in Jabil in the 4th quarter valued at $34,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
Jabil Trading Up 3.3%
Shares of JBL stock opened at $385.97 on Wednesday. The stock has a market cap of $40.72 billion, a price-to-earnings ratio of 48.19, a price-to-earnings-growth ratio of 1.12 and a beta of 1.28. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 2.17. Jabil, Inc. has a fifty-two week low of $189.60 and a fifty-two week high of $428.93. The firm’s 50 day moving average price is $359.02 and its two-hundred day moving average price is $290.46.
Jabil Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, May 15th. Jabil’s dividend payout ratio is currently 4.00%.
Insider Buying and Selling
In other news, EVP Steven D. Borges sold 7,000 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $290.00, for a total value of $2,030,000.00. Following the completion of the sale, the executive vice president owned 76,524 shares of the company’s stock, valued at $22,191,960. This represents a 8.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew Priestley sold 4,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $301.00, for a total value of $1,204,000.00. Following the completion of the sale, the executive vice president owned 60,267 shares of the company’s stock, valued at approximately $18,140,367. This trade represents a 6.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 34,981 shares of company stock valued at $10,539,610 over the last ninety days. Insiders own 1.35% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Robert W. Baird upped their target price on Jabil from $355.00 to $440.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. Barclays increased their target price on Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. Stifel Nicolaus set a $460.00 price target on Jabil and gave the company a “buy” rating in a report on Thursday, June 18th. Finally, Raymond James Financial upped their price objective on shares of Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Jabil presently has an average rating of “Moderate Buy” and an average price target of $453.67.
Get Our Latest Research Report on Jabil
Jabil Company 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.
Featured Stories
- Five stocks we like better than Jabil
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil, Inc. (NYSE:JBL – Free Report).
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.
