Jabil, Inc. $JBL Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of Jabil, Inc. (NYSE:JBL) by 45.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,884,545 shares of the technology company’s stock after acquiring an additional 591,364 shares during the period. JPMorgan Chase & Co.’s holdings in Jabil were worth $429,714,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in JBL. State Street Corp raised its position in shares of Jabil by 0.7% in the third quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock valued at $1,129,207,000 after buying an additional 36,646 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Jabil by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock valued at $661,783,000 after buying an additional 42,422 shares during the last quarter. Norges Bank acquired a new stake in shares of Jabil in the fourth quarter valued at about $407,299,000. Arrowstreet Capital Limited Partnership raised its position in shares of Jabil by 1,157.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock valued at $315,964,000 after buying an additional 1,339,247 shares during the last quarter. Finally, Amundi raised its position in shares of Jabil by 55.3% in the third quarter. Amundi now owns 704,246 shares of the technology company’s stock valued at $142,399,000 after buying an additional 250,626 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Trading Down 2.7%

Shares of JBL opened at $352.65 on Thursday. 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 12-month low of $175.08 and a 12-month high of $384.70. The firm has a 50-day moving average price of $334.84 and a 200 day moving average price of $274.48. The firm has a market capitalization of $37.20 billion, a P/E ratio of 47.34, a P/E/G ratio of 1.88 and a beta of 1.28.

Jabil (NYSE:JBL) last announced its quarterly earnings data 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 firm had revenue of $8.28 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the prior year, the firm posted $1.94 earnings per share. Jabil’s quarterly revenue was up 23.1% on a year-over-year basis. Sell-side analysts forecast that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, May 15th. Jabil’s dividend payout ratio (DPR) is 4.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on JBL shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $425.00 target price on shares of Jabil in a research report on Wednesday. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Robert W. Baird increased their target price on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. Stifel Nicolaus upped their price objective on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, Weiss Ratings lowered shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $339.75.

Insider Activity at Jabil

In other Jabil news, Director Anousheh Ansari sold 2,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the transaction, the director owned 31,800 shares of the company’s stock, valued at $9,540,000. This trade represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Steven D. Borges sold 7,000 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $290.00, for a total transaction of $2,030,000.00. Following the transaction, the executive vice president directly owned 76,524 shares of the company’s stock, valued at approximately $22,191,960. This trade represents a 8.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,981 shares of company stock valued at $11,360,740 over the last quarter. 1.35% of the stock is owned by insiders.

Jabil Company 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.