New York State Teachers Retirement System lessened its position in Jabil, Inc. (NYSE:JBL – Free Report) by 4.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 105,073 shares of the technology company’s stock after selling 5,063 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Jabil worth $22,819,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in JBL. Integrated Wealth Concepts LLC boosted its holdings in Jabil by 34.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock valued at $382,000 after purchasing an additional 720 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Jabil by 70.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock worth $2,493,000 after buying an additional 7,602 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Jabil by 20.0% in the 1st quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock valued at $676,000 after buying an additional 829 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of Jabil in the first quarter valued at approximately $248,000. Finally, Geneos Wealth Management Inc. grew its holdings in Jabil by 50.0% during the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock worth $79,000 after acquiring an additional 194 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.
Jabil Stock Up 2.1%
Shares of NYSE JBL opened at $230.91 on Tuesday. The firm’s 50-day moving average is $218.22 and its two-hundred day moving average is $216.29. The company has a market capitalization of $24.67 billion, a PE ratio of 35.91, a price-to-earnings-growth ratio of 1.45 and a beta of 1.25. Jabil, Inc. has a 12-month low of $108.66 and a 12-month high of $249.00. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.99 and a quick ratio of 0.67.
Jabil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 4.98%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Zacks Research raised Jabil from a “hold” rating to a “strong-buy” rating in a report on Friday, January 2nd. Barclays raised their price objective on shares of Jabil from $267.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. UBS Group upped their target price on shares of Jabil from $239.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jabil in a research report on Friday. Finally, Wall Street Zen raised Jabil from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $261.29.
Insider Buying and Selling at Jabil
In related news, Director Anousheh Ansari sold 1,500 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $225.00, for a total value of $337,500.00. Following the completion of the transaction, the director owned 34,900 shares of the company’s stock, valued at approximately $7,852,500. The trade was a 4.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven D. Borges sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $235.00, for a total transaction of $2,350,000.00. Following the completion of the transaction, the executive vice president owned 90,524 shares in the company, valued at approximately $21,273,140. This trade represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 215,273 shares of company stock valued at $47,462,555. 1.35% of the stock is owned by company 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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