Dynamic Technology Lab Private Ltd boosted its holdings in Jabil, Inc. (NYSE:JBL – Free Report) by 26.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,473 shares of the technology company’s stock after buying an additional 2,374 shares during the quarter. Jabil makes up approximately 0.4% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 27th largest position. Dynamic Technology Lab Private Ltd’s holdings in Jabil were worth $2,492,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Jabil by 5.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,302,307 shares of the technology company’s stock valued at $502,133,000 after buying an additional 129,212 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Jabil by 33.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,441 shares of the technology company’s stock worth $5,742,000 after acquiring an additional 6,594 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Jabil by 9.1% during the third quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company’s stock worth $67,732,000 after acquiring an additional 25,932 shares during the last quarter. Winnow Wealth LLC acquired a new position in shares of Jabil in the third quarter worth approximately $1,077,000. Finally, Legal & General Group Plc boosted its holdings in Jabil by 0.9% in the second quarter. Legal & General Group Plc now owns 413,902 shares of the technology company’s stock valued at $90,272,000 after acquiring an additional 3,752 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.
Jabil Price Performance
Shares of JBL opened at $241.10 on Friday. The firm has a market cap of $25.46 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 1.54 and a beta of 1.22. Jabil, Inc. has a 52-week low of $108.66 and a 52-week high of $281.37. The business’s 50 day moving average price is $247.58 and its two-hundred day moving average price is $224.97. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.67 and a current ratio of 0.99.
Jabil Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were 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 was Tuesday, February 17th. Jabil’s dividend payout ratio (DPR) is presently 4.98%.
Insider Transactions at Jabil
In related news, CEO Michael Dastoor sold 15,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $246.91, for a total value of $3,703,650.00. Following the completion of the sale, the chief executive officer directly owned 262,566 shares of the company’s stock, valued at $64,830,171.06. The trade was a 5.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Gary K. Schick sold 422 shares of the company’s 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 directly owned 41,843 shares in the company, valued at approximately $10,200,068.11. This trade represents a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 161,529 shares of company stock valued at $37,901,485. 1.35% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
JBL has been the subject of several analyst reports. UBS Group raised their price target on shares of Jabil from $239.00 to $244.00 and gave the stock a “neutral” rating in a report on Thursday, December 18th. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Raymond James Financial reiterated a “strong-buy” rating on shares of Jabil in a research report on Thursday, December 18th. Barclays lifted their target price on shares of Jabil from $267.00 to $283.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $282.00 target price on shares of Jabil in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.14.
Check Out Our Latest Stock Report on Jabil
About Jabil
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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