AustralianSuper Pty Ltd Sells 10,987 Shares of Jabil, Inc. $JBL

AustralianSuper Pty Ltd lowered its stake in Jabil, Inc. (NYSE:JBL) by 23.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,308 shares of the technology company’s stock after selling 10,987 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Jabil were worth $8,279,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in JBL. First Horizon Corp acquired a new stake in Jabil in the third quarter valued at approximately $30,000. Veracity Capital LLC grew its position in Jabil by 4,144.3% during the 4th quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after acquiring an additional 3,647 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Jabil during the 3rd quarter worth $43,000. Rothschild Investment LLC grew its position in Jabil by 51.1% during the 3rd quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock worth $46,000 after acquiring an additional 72 shares during the last quarter. Finally, Caitlin John LLC acquired a new position in shares of Jabil in the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Trading Down 4.2%

JBL opened at $339.52 on Friday. Jabil, Inc. has a twelve month low of $161.52 and a twelve month high of $372.37. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. The company has a fifty day moving average of $297.85 and a 200-day moving average of $255.15. The stock has a market cap of $35.82 billion, a PE ratio of 45.57, a price-to-earnings-growth ratio of 1.84 and a beta of 1.29.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.18. The firm had revenue of $8.28 billion during the quarter, compared to analyst estimates of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the company posted $1.94 EPS. On average, sell-side analysts predict that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Dividend Announcement

The firm also recently disclosed 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, May 15th. Jabil’s payout ratio is currently 4.30%.

Wall Street Analyst Weigh In

JBL has been the subject of several recent research reports. Barclays upped their price objective on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Weiss Ratings downgraded shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. lifted their target price on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. UBS Group lifted their target price on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Finally, Robert W. Baird lifted their target price on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Jabil has a consensus rating of “Buy” and an average price target of $290.63.

Insider Activity

In other Jabil news, SVP May Yee Yap sold 1,634 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total transaction of $501,213.16. Following the transaction, the senior vice president directly owned 23,787 shares in the company, valued at approximately $7,296,424.38. This represents a 6.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Dastoor sold 9,467 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $286.64, for a total value of $2,713,620.88. Following the transaction, the chief executive officer owned 253,099 shares in the company, valued at $72,548,297.36. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 37,981 shares of company stock worth $11,360,740. Company insiders own 1.35% of the company’s stock.

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.