Cookson Peirce & Co. Inc. Has $19.64 Million Stock Holdings in Jabil, Inc. $JBL

Cookson Peirce & Co. Inc. lessened its position in Jabil, Inc. (NYSE:JBL) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,130 shares of the technology company’s stock after selling 2,119 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Jabil were worth $19,639,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in JBL. Veracity Capital LLC lifted its position in shares of Jabil by 4,144.3% in the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after purchasing an additional 3,647 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of Jabil in the fourth quarter worth $42,000. Banque Cantonale Vaudoise bought a new stake in shares of Jabil in the third quarter worth $43,000. Rothschild Investment LLC lifted its position in shares of Jabil by 51.1% in the third quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock worth $46,000 after purchasing an additional 72 shares in the last quarter. Finally, Caitlin John LLC bought a new stake in shares of Jabil in the third quarter worth $47,000. Institutional investors own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

JBL has been the topic of a number of research reports. The Goldman Sachs Group boosted their price objective on shares of Jabil from $336.00 to $384.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Weiss Ratings lowered shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Robert W. Baird boosted their price objective on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Zacks Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Bank of America boosted their price objective on shares of Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $303.38.

Insider Buying and Selling

In other news, CEO Michael Dastoor sold 9,467 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $286.64, for a total value of $2,713,620.88. Following the transaction, the chief executive officer directly owned 253,099 shares of the company’s stock, valued at $72,548,297.36. This represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew Priestley sold 4,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $301.00, for a total transaction of $1,204,000.00. Following the completion of the transaction, the executive vice president directly owned 60,267 shares in the company, valued at $18,140,367. The trade was a 6.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders 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 $353.05 on Friday. 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 firm’s fifty day moving average price is $328.74 and its two-hundred day moving average price is $270.56. Jabil, Inc. has a 1 year low of $174.00 and a 1 year high of $384.70. The firm has a market capitalization of $37.25 billion, a P/E ratio of 47.39, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28.

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

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, May 15th. Jabil’s payout ratio is currently 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.