Greenland Capital Management LP bought a new position in Jabil, Inc. (NYSE:JBL – Free Report) in the second quarter, Holdings Channel reports. The institutional investor bought 2,395 shares of the technology company’s stock, valued at approximately $923,000.
Several other institutional investors have also modified their holdings of the stock. Rakuten Securities Inc. acquired a new stake in shares of Jabil during the 2nd quarter worth approximately $25,000. Bell Investment Advisors Inc acquired a new position in Jabil in the second quarter valued at approximately $35,000. Persistent Asset Partners Ltd purchased a new position in Jabil in the second quarter worth approximately $45,000. Greenline Wealth Management LLC purchased a new position in Jabil in the fourth quarter worth approximately $28,000. Finally, Virtus Advisers LLC acquired a new stake in Jabil during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Jabil Stock Performance
NYSE:JBL opened at $312.91 on Friday. Jabil, Inc. has a 12 month low of $189.60 and a 12 month 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 has a market capitalization of $32.79 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 0.94 and a beta of 1.30. The business’s fifty day moving average price is $340.28 and its 200 day moving average price is $315.41.
Jabil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th. Jabil’s dividend payout ratio is 4.00%.
Wall Street Analyst Weigh In
A number of research firms have commented on JBL. Stifel Nicolaus set a $460.00 target price on shares of Jabil and gave the company a “buy” rating in a research report on Thursday, June 18th. UBS Group upgraded shares of Jabil from a “neutral” rating to a “buy” rating and set a $430.00 price target for the company in a research report on Tuesday, August 11th. Weiss Ratings downgraded shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group upped their price objective on shares of Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Finally, Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $453.67.
Check Out Our Latest Analysis on Jabil
Insider Buying and Selling
In other Jabil news, EVP Matthew Crowley sold 94 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the transaction, the executive vice president directly owned 57,536 shares in the company, valued at $19,849,920. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.35% of the stock is owned by corporate insiders.
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.
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