Jabil, Inc. $JBL Holdings Lowered by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its stake in shares of Jabil, Inc. (NYSE:JBL) by 20.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 214,848 shares of the technology company’s stock after selling 54,900 shares during the period. Handelsbanken Fonder AB’s holdings in Jabil were worth $48,990,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 valued at $5,742,000 after purchasing an additional 6,594 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings 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 valued at $67,732,000 after purchasing an additional 25,932 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Jabil during the third quarter valued at $57,799,000. Winnow Wealth LLC purchased a new stake in shares of Jabil during the third quarter valued at $1,077,000. Finally, Banco Santander S.A. purchased a new stake in shares of Jabil during the third quarter valued at $908,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JBL has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Weiss Ratings downgraded Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Stifel Nicolaus upped their target price on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, March 19th. UBS Group increased their price objective on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Finally, Barclays increased their price objective on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. 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. According to MarketBeat, Jabil presently has an average rating of “Buy” and a consensus price target of $290.63.

Insiders Place Their Bets

In related news, SVP May Yee Yap sold 1,634 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total value of $501,213.16. Following the completion of the sale, the senior vice president owned 23,787 shares of the company’s stock, valued at approximately $7,296,424.38. The trade was a 6.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steven D. Borges sold 5,126 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $317.51, for a total value of $1,627,556.26. Following the completion of the sale, the executive vice president directly owned 71,398 shares of the company’s stock, valued at approximately $22,669,578.98. The trade was a 6.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,981 shares of company stock worth $11,360,740 in the last quarter. Corporate insiders own 1.35% of the company’s stock.

Jabil Stock Down 1.7%

Shares of Jabil stock opened at $332.98 on Wednesday. The stock has a 50-day moving average price of $301.42 and a 200 day moving average price of $257.11. The company has a market cap of $35.13 billion, a P/E ratio of 44.69, a P/E/G ratio of 1.76 and a beta of 1.29. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. Jabil, Inc. has a 1 year low of $161.52 and a 1 year high of $372.37.

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

Jabil Dividend Announcement

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

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.