Paradigm Capital Management Inc. NY bought a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 546,900 shares of the technology company’s stock, valued at approximately $210,819,000. Jabil accounts for about 5.7% of Paradigm Capital Management Inc. NY’s portfolio, making the stock its 5th largest position. Paradigm Capital Management Inc. NY owned approximately 0.52% of Jabil as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of JBL. BlackRock Inc. purchased a new position in Jabil during the second quarter worth approximately $3,905,704,000. Norges Bank acquired a new stake in Jabil in the fourth quarter valued at approximately $407,299,000. Bank of New York Mellon Corp purchased a new stake in shares of Jabil in the second quarter valued at approximately $411,079,000. JPMorgan Chase & Co. raised its stake in shares of Jabil by 45.7% during the 4th 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 during the period. Finally, Deutsche Bank AG purchased a new position in shares of Jabil during the 2nd quarter valued at approximately $207,874,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Jabil Stock Down 2.7%
NYSE JBL opened at $304.83 on Tuesday. The business has a fifty day moving average price of $338.69 and a 200 day moving average price of $316.33. Jabil, Inc. has a one year low of $189.60 and a one year high of $428.93. 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 cap of $31.94 billion, a P/E ratio of 38.06, a P/E/G ratio of 0.94 and a beta of 1.30.
Jabil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s payout ratio is presently 4.00%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on JBL shares. Barclays lifted their price target on shares of Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. increased their price objective on shares of Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Robert W. Baird increased 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. Raymond James Financial boosted their target price on shares of Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a research note on Thursday, June 18th. Finally, The Goldman Sachs Group upped their price target on shares of Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $453.67.
Get Our Latest Stock Analysis on Jabil
Insiders Place Their Bets
In related news, EVP Matthew Crowley sold 94 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $345.00, for a total transaction of $32,430.00. Following the completion of the sale, the executive vice president owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. This represents a 0.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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