Premier Fund Managers Ltd acquired a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the 3rd quarter, HoldingsChannel reports. The firm acquired 29,550 shares of the technology company’s stock, valued at approximately $6,339,000.
Several other hedge funds and other institutional investors also recently modified their holdings of JBL. True Wealth Design LLC raised its stake in shares of Jabil by 250.0% during the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after purchasing an additional 100 shares during the last quarter. First Horizon Corp acquired a new position in Jabil in the 3rd quarter valued at $30,000. Traub Capital Management LLC acquired a new position in Jabil in the 2nd quarter valued at $33,000. Assetmark Inc. raised its position in Jabil by 45.8% during the 2nd quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock worth $34,000 after buying an additional 49 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its stake in shares of Jabil by 757.1% in the 2nd quarter. Westside Investment Management Inc. now owns 180 shares of the technology company’s stock worth $39,000 after acquiring an additional 159 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
Jabil Stock Performance
JBL opened at $271.42 on Friday. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $277.87. The stock has a market cap of $28.66 billion, a P/E ratio of 42.21, a P/E/G ratio of 1.73 and a beta of 1.24. The stock’s 50 day simple moving average is $240.69 and its 200 day simple moving average is $222.06. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid 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 Tuesday, February 17th. Jabil’s dividend payout ratio is presently 4.98%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on JBL shares. The Goldman Sachs Group reiterated a “buy” rating and set a $282.00 price target on shares of Jabil in a research note on Thursday, January 15th. Bank of America set a $265.00 target price on Jabil in a research report on Thursday, December 18th. JPMorgan Chase & Co. raised their price target on Jabil from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research note on Friday, January 9th. Finally, Barclays increased their price objective on Jabil from $267.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $264.14.
Insider Transactions at Jabil
In other news, Chairman Mark T. Mondello sold 17,200 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $250.00, for a total value of $4,300,000.00. Following the sale, the chairman directly owned 1,111,459 shares in the company, valued at $277,864,750. This represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gary K. Schick sold 422 shares of Jabil stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $243.77, for a total value of $102,870.94. Following the transaction, the senior vice president owned 41,843 shares of the company’s stock, valued at $10,200,068.11. This represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 181,529 shares of company stock worth $42,145,485 in the last 90 days. Insiders own 1.35% of the company’s stock.
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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