Crestwood Advisors Group LLC Purchases New Shares in Jabil, Inc. $JBL

Crestwood Advisors Group LLC purchased a new stake in shares of Jabil, Inc. (NYSE:JBL) during the fourth quarter, Holdings Channel.com reports. The fund purchased 1,420 shares of the technology company’s stock, valued at approximately $324,000.

A number of other large investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its position in shares of Jabil by 45.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,085 shares of the technology company’s stock valued at $1,844,000 after purchasing an additional 2,512 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Jabil by 150.3% during the fourth quarter. Gateway Investment Advisers LLC now owns 4,515 shares of the technology company’s stock valued at $1,030,000 after purchasing an additional 2,711 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Jabil by 6.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 226,020 shares of the technology company’s stock valued at $54,333,000 after purchasing an additional 13,641 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Jabil by 8.9% during the fourth quarter. QRG Capital Management Inc. now owns 5,089 shares of the technology company’s stock valued at $1,160,000 after purchasing an additional 415 shares in the last quarter. Finally, Reynders McVeigh Capital Management LLC bought a new position in shares of Jabil during the fourth quarter valued at about $205,000. 93.39% of the stock is owned by institutional investors.

Insider Transactions at Jabil

In other news, SVP May Yee Yap sold 1,634 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $306.74, for a total value of $501,213.16. Following the sale, the senior vice president owned 23,787 shares of the company’s stock, valued at $7,296,424.38. The trade was a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anousheh Ansari sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the sale, the director directly owned 31,800 shares in the company, valued at approximately $9,540,000. This trade represents a 5.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 37,981 shares of company stock valued at $11,360,740. 1.35% of the stock is currently owned by insiders.

Jabil Stock Performance

NYSE JBL opened at $365.28 on Tuesday. Jabil, Inc. has a 52-week low of $159.46 and a 52-week high of $372.37. The company has a 50-day simple moving average of $290.56 and a 200 day simple moving average of $251.44. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The company has a market capitalization of $38.54 billion, a PE ratio of 49.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.29.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The business had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter last year, the company posted $1.94 earnings per share. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. On average, research analysts predict that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, May 15th. Jabil’s dividend payout ratio (DPR) is 4.30%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group raised their price target on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Wall Street Zen lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Stifel Nicolaus raised their price target on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Bank of America raised their price objective on shares of Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $282.00 price objective on shares of Jabil in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Jabil presently has a consensus rating of “Buy” and an average price target of $290.63.

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.