Composition Wealth LLC Buys Shares of 3,661 Jabil, Inc. $JBL

Composition Wealth LLC bought a new stake in Jabil, Inc. (NYSE:JBL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 3,661 shares of the technology company’s stock, valued at approximately $835,000.

Several other institutional investors also recently bought and sold shares of the company. Savant Capital LLC grew its position in Jabil by 0.9% in the 3rd quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock valued at $1,266,000 after acquiring an additional 54 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Jabil by 1.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock valued at $630,000 after acquiring an additional 54 shares in the last quarter. TD Private Client Wealth LLC grew its position in Jabil by 11.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 584 shares of the technology company’s stock valued at $127,000 after acquiring an additional 59 shares in the last quarter. Measured Wealth Private Client Group LLC grew its position in shares of 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 buying an additional 59 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of 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 buying an additional 60 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JBL has been the subject of a number of analyst reports. Barclays boosted their price objective on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Robert W. Baird boosted their price objective on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. boosted their price objective on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Stifel Nicolaus boosted their price objective on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Finally, Zacks Research raised Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $290.63.

Insider Activity

In related news, Director Anousheh Ansari sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the sale, the director owned 31,800 shares in the company, valued at $9,540,000. The trade was a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven D. Borges sold 5,126 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $317.51, for a total value of $1,627,556.26. Following the sale, the executive vice president owned 71,398 shares of the company’s stock, valued at approximately $22,669,578.98. The trade was a 6.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,981 shares of company stock valued at $11,360,740 over the last 90 days. Insiders own 1.35% of the company’s stock.

Jabil Stock Performance

Shares of Jabil stock opened at $340.67 on Tuesday. The business has a 50-day simple moving average of $281.97 and a 200-day simple moving average of $246.17. The company has a market cap of $35.94 billion, a PE ratio of 45.73, a P/E/G ratio of 1.78 and a beta of 1.29. Jabil, Inc. has a one year low of $146.88 and a one year high of $349.62. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.18. The firm had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 earnings per share. On average, equities research analysts forecast that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s payout ratio is presently 4.30%.

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.