Quent Long Short Global Small Cap Fund LP Buys New Shares in Jabil, Inc. $JBL

Quent Long Short Global Small Cap Fund LP purchased a new position in shares of Jabil, Inc. (NYSE:JBL) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,068 shares of the technology company’s stock, valued at approximately $700,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Savant Capital LLC lifted its stake in Jabil by 0.9% during the third quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock worth $1,266,000 after purchasing an additional 54 shares during the period. Brown Brothers Harriman & Co. lifted its stake in Jabil by 1.9% during the third quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock worth $630,000 after purchasing an additional 54 shares during the period. TD Private Client Wealth LLC lifted its stake in Jabil by 11.2% during the third quarter. TD Private Client Wealth LLC now owns 584 shares of the technology company’s stock worth $127,000 after purchasing an additional 59 shares during the period. Measured Wealth Private Client Group LLC lifted its stake in Jabil by 2.1% during the third quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company’s stock worth $613,000 after purchasing an additional 59 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in Jabil by 2.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company’s stock worth $483,000 after purchasing an additional 60 shares during the period. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Performance

NYSE:JBL opened at $341.50 on Friday. Jabil, Inc. has a 1 year low of $142.03 and a 1 year high of $346.22. The firm has a 50 day moving average of $275.82 and a 200-day moving average of $241.82. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. The stock has a market capitalization of $36.03 billion, a P/E ratio of 45.84, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating 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 company had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. Jabil’s quarterly revenue was up 23.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s payout ratio is 4.30%.

Insider Buying and Selling

In other news, SVP May Yee Yap sold 1,634 shares of Jabil 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 completion of the transaction, the senior vice president owned 23,787 shares in the company, valued at approximately $7,296,424.38. The trade was a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Dastoor sold 9,467 shares of Jabil stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $286.64, for a total transaction of $2,713,620.88. Following the completion of the transaction, the chief executive officer owned 253,099 shares of the company’s stock, valued at $72,548,297.36. This trade represents a 3.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,403 shares of company stock valued at $11,123,611 in the last ninety days. 1.35% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. UBS Group raised their price target on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Barclays raised their price target on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Zacks Research upgraded shares of Jabil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. The Goldman Sachs Group restated a “buy” rating and set a $282.00 price target on shares of Jabil in a research note on Thursday, January 15th. Finally, Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $290.63.

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.