Talon Private Wealth LLC purchased a new stake in Jabil, Inc. (NYSE:JBL – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 2,089 shares of the technology company’s stock, valued at approximately $555,000.
Several other institutional investors also recently bought and sold shares of JBL. State Street Corp increased its position in shares of Jabil by 0.7% during the third quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock worth $1,129,207,000 after purchasing an additional 36,646 shares in the last quarter. Primecap Management Co. CA boosted its stake in Jabil by 0.4% during the 4th quarter. Primecap Management Co. CA now owns 3,343,670 shares of the technology company’s stock worth $762,424,000 after purchasing an additional 12,600 shares during the last quarter. Geode Capital Management LLC boosted its stake in Jabil by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock worth $661,783,000 after purchasing an additional 42,422 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Jabil by 45.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock worth $429,714,000 after buying an additional 591,364 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Jabil in the fourth quarter valued at about $407,299,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.
Jabil Price Performance
Jabil stock opened at $287.27 on Thursday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.66 and a current ratio of 0.98. The company has a market capitalization of $30.10 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 0.91 and a beta of 1.28. The company’s 50 day simple moving average is $349.86 and its 200-day simple moving average is $304.44. Jabil, Inc. has a 1 year low of $189.60 and a 1 year high of $428.93.
Jabil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be given 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 of this dividend is Friday, August 14th. Jabil’s dividend payout ratio is currently 4.00%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Weiss Ratings upgraded Jabil from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Barclays lifted their price objective on Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. Finally, The Goldman Sachs Group raised their target price on Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $453.67.
Insider Buying and Selling at Jabil
In other Jabil news, EVP Matthew Crowley sold 94 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total transaction of $32,430.00. Following the sale, the executive vice president directly owned 57,536 shares in the company, valued at $19,849,920. This represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.35% of the company’s stock.
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.
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