KLP Kapitalforvaltning AS lowered its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 35.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,800 shares of the technology company’s stock after selling 27,100 shares during the period. KLP Kapitalforvaltning AS’s holdings in Jabil were worth $10,815,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in JBL. Integrated Wealth Concepts LLC increased its holdings in shares of Jabil by 34.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock worth $382,000 after buying an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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. Caxton Associates LLP acquired a new stake in Jabil during the first quarter worth about $753,000. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Jabil by 48.0% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,419 shares of the technology company’s stock worth $465,000 after purchasing an additional 1,109 shares during the period. Finally, United Services Automobile Association acquired a new position in shares of Jabil in the 1st quarter valued at about $316,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Stock Performance
Jabil stock opened at $221.55 on Friday. 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. The company has a market capitalization of $23.67 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 1.44 and a beta of 1.25. The firm’s fifty day moving average price is $217.90 and its 200 day moving average price is $216.01.
Jabil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, November 17th. Jabil’s dividend payout ratio is presently 4.98%.
Analyst Ratings Changes
JBL has been the subject of a number of research analyst reports. Zacks Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 2nd. Barclays increased their price objective on shares of Jabil from $267.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. The Goldman Sachs Group restated a “buy” rating and set a $255.00 target price on shares of Jabil in a report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jabil in a report on Tuesday, October 14th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Jabil in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $261.29.
View Our Latest Research Report on Jabil
Insider Activity at Jabil
In other Jabil news, SVP May Yee Yap sold 8,858 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $225.03, for a total transaction of $1,993,315.74. Following the transaction, the senior vice president directly owned 25,421 shares in the company, valued at $5,720,487.63. This represents a 25.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kristine Melachrino sold 6,579 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $213.40, for a total transaction of $1,403,958.60. Following the completion of the sale, the executive vice president directly owned 33,718 shares of the company’s stock, valued at $7,195,421.20. The trade was a 16.33% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 215,273 shares of company stock worth $47,462,555. 1.35% of the stock is currently owned by insiders.
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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