Western Wealth Management LLC bought a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor bought 5,018 shares of the technology company’s stock, valued at approximately $1,333,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DV Trading LLC acquired a new stake in Jabil in the first quarter worth about $337,000. Parallel Advisors LLC increased its holdings in shares of Jabil by 3.2% during the first quarter. Parallel Advisors LLC now owns 4,096 shares of the technology company’s stock valued at $1,088,000 after acquiring an additional 126 shares in the last quarter. BankChampaign National Association acquired a new position in shares of Jabil during the first quarter valued at about $227,000. Groupe la Francaise raised its position in shares of Jabil by 2,475.9% in the 1st quarter. Groupe la Francaise now owns 747 shares of the technology company’s stock valued at $186,000 after purchasing an additional 718 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Jabil by 27.2% in the 1st quarter. Bank of America Corp DE now owns 1,111,402 shares of the technology company’s stock valued at $295,222,000 after purchasing an additional 237,599 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
Jabil Price Performance
Shares of NYSE:JBL opened at $366.97 on Thursday. Jabil, Inc. has a twelve month low of $189.60 and a twelve month high of $428.93. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17. The company has a market cap of $38.45 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 1.07 and a beta of 1.30. The company’s 50 day moving average is $343.72 and its 200 day moving average is $310.99.
Jabil Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders 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 yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th. Jabil’s dividend payout ratio (DPR) is currently 4.00%.
Wall Street Analysts Forecast Growth
JBL has been the topic of a number of recent analyst reports. Bank of America restated a “buy” rating and set a $470.00 price target on shares of Jabil in a research note on Thursday, June 18th. Stifel Nicolaus set a $460.00 price objective on shares of Jabil and gave the stock a “buy” rating in a research note on Thursday, June 18th. Robert W. Baird boosted their price objective on shares of Jabil from $355.00 to $440.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. upped their target price on Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Finally, Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $453.67.
Check Out Our Latest Research Report on Jabil
Insider Buying and Selling at Jabil
In other Jabil news, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $345.00, for a total transaction of $32,430.00. Following the completion of the transaction, the executive vice president owned 57,536 shares in the company, valued at approximately $19,849,920. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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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