Meyer Handelman Co. Has $13.98 Million Stock Holdings in Jabil, Inc. $JBL

Meyer Handelman Co. grew its holdings in Jabil, Inc. (NYSE:JBL) by 11.0% during the 4th quarter, HoldingsChannel reports. The firm owned 61,308 shares of the technology company’s stock after purchasing an additional 6,075 shares during the quarter. Meyer Handelman Co.’s holdings in Jabil were worth $13,979,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of JBL. Integrated Wealth Concepts LLC lifted its position in shares of Jabil by 34.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock worth $382,000 after buying an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Jabil by 70.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock valued at $2,493,000 after acquiring an additional 7,602 shares during the last quarter. Focus Partners Wealth raised its stake in Jabil by 20.0% during the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock worth $676,000 after acquiring an additional 829 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Jabil by 50.0% during the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock worth $79,000 after acquiring an additional 194 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Jabil by 1.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,393 shares of the technology company’s stock worth $2,485,000 after acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling

In related news, SVP Adam E. Berry sold 1,596 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $253.20, for a total value of $404,107.20. Following the sale, the senior vice president owned 18,920 shares of the company’s stock, valued at $4,790,544. The trade was a 7.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Mark T. Mondello sold 17,200 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $250.00, for a total value of $4,300,000.00. Following the transaction, the chairman directly owned 1,111,459 shares of the company’s stock, valued at approximately $277,864,750. This represents a 1.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 80,018 shares of company stock valued at $19,545,381 over the last quarter. 1.35% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on JBL shares. UBS Group raised their price target on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. Wall Street Zen raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Raymond James Financial restated a “strong-buy” rating on shares of Jabil in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jabil in a research note on Friday, January 9th. Finally, Barclays upped their price target on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $283.25.

Jabil Stock Performance

NYSE:JBL opened at $265.33 on Wednesday. The stock’s 50-day moving average is $256.04 and its 200-day moving average is $231.27. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $283.76. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. The stock has a market cap of $28.02 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 1.28 and a beta of 1.22.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The business had revenue of $8.28 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same quarter last year, the business earned $1.94 EPS. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. Equities research analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Tuesday, February 17th. Jabil’s payout ratio is 4.30%.

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.