Natixis Advisors LLC Sells 6,721 Shares of Jabil, Inc. $JBL

Natixis Advisors LLC reduced its position in shares of Jabil, Inc. (NYSE:JBL) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 96,754 shares of the technology company’s stock after selling 6,721 shares during the quarter. Natixis Advisors LLC’s holdings in Jabil were worth $22,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Westfield Capital Management Co. LP bought a new position in Jabil in the third quarter worth about $57,799,000. Envestnet Asset Management Inc. raised its holdings in Jabil by 9.1% in the third quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company’s stock worth $67,732,000 after purchasing an additional 25,932 shares in the last quarter. Jackson Creek Investment Advisors LLC raised its holdings in Jabil by 386.2% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 11,290 shares of the technology company’s stock worth $2,574,000 after purchasing an additional 8,968 shares in the last quarter. Todd Asset Management LLC raised its holdings in Jabil by 1.9% in the fourth quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock worth $76,696,000 after purchasing an additional 6,179 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Jabil in the fourth quarter worth about $7,061,000. 93.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on JBL. Barclays boosted their target price on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Bank of America upped their price objective on shares of Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a report on Monday, April 20th. The Goldman Sachs Group upped their price objective on shares of Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Weiss Ratings downgraded shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Jabil currently has an average rating of “Moderate Buy” and a consensus price target of $303.38.

Insider Transactions at Jabil

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

Jabil Stock Performance

JBL opened at $353.05 on Friday. Jabil, Inc. has a 52-week low of $174.00 and a 52-week high of $384.70. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. The company has a market cap of $37.25 billion, a P/E ratio of 47.39, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. The firm’s 50-day moving average price is $328.74 and its 200-day moving average price is $270.56.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. The firm had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.Jabil’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 earnings per share. As a group, equities analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were given a $0.08 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s dividend payout ratio is currently 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.