Jabil, Inc. $JBL Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its holdings in shares of Jabil, Inc. (NYSE:JBL) by 75.3% during the fourth quarter, HoldingsChannel reports. The fund owned 4,535 shares of the technology company’s stock after selling 13,799 shares during the period. Intech Investment Management LLC’s holdings in Jabil were worth $1,034,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Savant Capital LLC grew its holdings in Jabil by 0.9% during the third quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock worth $1,266,000 after acquiring an additional 54 shares during the period. Brown Brothers Harriman & Co. boosted its position in Jabil by 1.9% during the third quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock worth $630,000 after purchasing an additional 54 shares in the last quarter. Measured Wealth Private Client Group LLC boosted its position in Jabil by 2.1% during the third quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company’s stock worth $613,000 after purchasing an additional 59 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Jabil by 2.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company’s stock worth $483,000 after purchasing an additional 60 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Jabil by 8.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 752 shares of the technology company’s stock valued at $171,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. UBS Group lifted their price objective on Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. Robert W. Baird lifted their price objective on Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, The Goldman Sachs Group increased their target price on Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. One investment 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $303.38.

Jabil Trading Down 0.1%

NYSE:JBL opened at $353.05 on Monday. 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 business’s 50 day moving average is $328.74 and its two-hundred day moving average is $271.06. Jabil, Inc. has a 52 week low of $174.00 and a 52 week high of $384.70. The company has a market cap of $37.25 billion, a PE ratio of 47.39, a P/E/G ratio of 1.83 and a beta of 1.28.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.18. The business 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 business’s revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. On average, analysts predict that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Dividend Announcement

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

Insider Transactions at Jabil

In other news, SVP Gary K. Schick sold 1,000 shares of Jabil stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $340.00, for a total transaction of $340,000.00. Following the transaction, the senior vice president directly owned 39,843 shares in the company, valued at approximately $13,546,620. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anousheh Ansari sold 2,000 shares of Jabil stock in a transaction on Friday, April 10th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the transaction, the director owned 31,800 shares in the company, valued at approximately $9,540,000. This trade represents a 5.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,981 shares of company stock worth $11,360,740 over the last quarter. Insiders own 1.35% of the company’s stock.

About Jabil

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.