Jabil, Inc. $JBL Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd cut its holdings in Jabil, Inc. (NYSE:JBL) by 38.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,603 shares of the technology company’s stock after selling 1,641 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Jabil were worth $594,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. J.W. Cole Advisors Inc. lifted its stake in shares of Jabil by 2.3% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,494 shares of the technology company’s stock valued at $1,025,000 after buying an additional 100 shares during the period. Prudential PLC increased its position in shares of Jabil by 31.0% in the fourth quarter. Prudential PLC now owns 5,175 shares of the technology company’s stock worth $1,180,000 after acquiring an additional 1,225 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of Jabil by 23.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 328,412 shares of the technology company’s stock worth $74,885,000 after acquiring an additional 62,265 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Jabil by 68.9% in the fourth quarter. Vise Technologies Inc. now owns 5,433 shares of the technology company’s stock worth $1,239,000 after acquiring an additional 2,216 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Jabil by 75.7% during the 4th quarter. CIBC Asset Management Inc now owns 25,823 shares of the technology company’s stock valued at $5,888,000 after purchasing an additional 11,124 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Transactions at Jabil

In related news, EVP Andrew Priestley sold 3,169 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $330.00, for a total transaction of $1,045,770.00. Following the completion of the sale, the executive vice president owned 57,098 shares in the company, valued at $18,842,340. This trade represents a 5.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP May Yee Yap sold 1,634 shares of the firm’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 transaction of $501,213.16. Following the sale, the senior vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 37,981 shares of company stock worth $11,360,740. 1.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

JBL has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Stifel Nicolaus increased their target price on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. The Goldman Sachs Group lifted their price objective on shares of Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Bank of America upped their price target on shares of Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.38.

Jabil Price Performance

NYSE JBL opened at $353.05 on Friday. The stock has a market capitalization of $37.25 billion, a PE ratio of 47.39, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. The company has a 50 day moving average price of $328.74 and a two-hundred day moving average price of $270.56. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. Jabil, Inc. has a 12-month low of $174.00 and a 12-month high of $384.70.

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

Jabil Dividend Announcement

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