Edmond DE Rothschild Holding S.A. acquired a new position in Jabil, Inc. (NYSE:JBL – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,592 shares of the technology company’s stock, valued at approximately $614,000.
Other large investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its stake in shares of 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 buying an additional 720 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Jabil by 70.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock valued at $2,493,000 after acquiring an additional 7,602 shares during the period. Focus Partners Wealth boosted its holdings in Jabil by 20.0% in the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock valued at $676,000 after acquiring an additional 829 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Jabil by 50.0% in the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock valued at $79,000 after acquiring an additional 194 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in Jabil in the second quarter worth about $488,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Stock Performance
Shares of JBL stock opened at $316.65 on Friday. The stock has a market cap of $33.18 billion, a PE ratio of 39.53, a price-to-earnings-growth ratio of 0.97 and a beta of 1.30. The stock has a 50-day moving average of $341.71 and a 200-day moving average of $315.43. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66. Jabil, Inc. has a one year low of $189.60 and a one year high of $428.93.
Jabil Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be given a $0.08 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s dividend payout ratio is currently 4.00%.
Insiders Place Their Bets
In other Jabil news, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $345.00, for a total transaction of $32,430.00. Following the transaction, the executive vice president directly owned 57,536 shares in the company, valued at approximately $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.35% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. UBS Group upgraded shares of Jabil from a “neutral” rating to a “buy” rating and set a $430.00 target price on the stock in a research report on Tuesday, August 11th. Bank of America reiterated a “buy” rating and set a $470.00 price target on shares of Jabil in a research report on Thursday, June 18th. Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus set a $460.00 price objective on shares of Jabil and gave the company a “buy” rating in a report on Thursday, June 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Jabil has an average rating of “Buy” and an average price target of $453.67.
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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