FNY Investment Advisers LLC bought a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,000 shares of the technology company’s stock, valued at approximately $770,000.
Several other hedge funds have also added to or reduced their stakes in JBL. Empirical Finance LLC grew its stake in shares of Jabil by 0.6% during the first quarter. Empirical Finance LLC now owns 5,405 shares of the technology company’s stock valued at $1,436,000 after buying an additional 31 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Jabil by 10.6% in the 1st quarter. Assetmark Inc. now owns 344 shares of the technology company’s stock valued at $91,000 after acquiring an additional 33 shares during the last quarter. PenderFund Capital Management Ltd. boosted its holdings in Jabil by 3.3% during the 4th quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company’s stock valued at $287,000 after acquiring an additional 40 shares during the period. Root Financial Partners LLC grew its position in Jabil by 11.1% during the 1st quarter. Root Financial Partners LLC now owns 432 shares of the technology company’s stock worth $115,000 after acquiring an additional 43 shares during the last quarter. Finally, Cidel Asset Management Inc. grew its position in Jabil by 4.8% during the 1st quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company’s stock worth $263,000 after acquiring an additional 45 shares during the last quarter. 93.39% of the stock is owned by institutional investors.
Jabil Trading Up 2.1%
NYSE JBL opened at $345.77 on Friday. The stock has a market cap of $36.23 billion, a P/E ratio of 43.17, a price-to-earnings-growth ratio of 1.01 and a beta of 1.30. Jabil, Inc. has a fifty-two week low of $189.60 and a fifty-two week high of $428.93. The stock has a 50 day simple moving average of $345.20 and a two-hundred day simple moving average of $308.14. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.66 and a current ratio of 0.98.
Jabil Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be issued a $0.08 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio is 4.00%.
Insider Activity at Jabil
In other news, EVP Matthew Crowley sold 94 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the completion of the sale, the executive vice president directly owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.35% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Wall Street Zen downgraded Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. JPMorgan Chase & Co. raised their target price on shares of Jabil from $395.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Raymond James Financial lifted 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. Stifel Nicolaus set a $460.00 price target on shares of Jabil and gave the company a “buy” rating in a report on Thursday, June 18th. Finally, Bank of America reissued a “buy” rating and set a $470.00 price target on shares of Jabil in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $453.67.
View Our Latest Report on Jabil
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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