Nykredit A S purchased a new stake in Jabil, Inc. (NYSE:JBL – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,141 shares of the technology company’s stock, valued at approximately $15,859,000.
Several other institutional investors and hedge funds have also made changes to their positions in JBL. Todd Asset Management LLC grew its holdings in Jabil by 1.9% during the 4th quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock valued at $76,696,000 after buying an additional 6,179 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Jabil in the fourth quarter valued at $7,061,000. Jackson Creek Investment Advisors LLC boosted its stake in shares of Jabil by 386.2% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 11,290 shares of the technology company’s stock valued at $2,574,000 after acquiring an additional 8,968 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Jabil during the first quarter valued at $1,333,000. Finally, Allstate Corp increased its position in Jabil by 98.0% during the 4th quarter. Allstate Corp now owns 7,959 shares of the technology company’s stock worth $1,815,000 after purchasing an additional 3,939 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
Jabil Stock Up 1.5%
Shares of NYSE:JBL opened at $310.50 on Friday. The stock’s 50-day moving average price is $326.82 and its two-hundred day moving average price is $319.19. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93. The firm has a market cap of $32.54 billion, a price-to-earnings ratio of 38.76, a PEG ratio of 0.69 and a beta of 1.29.
Jabil Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Friday, August 14th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio is 4.00%.
Wall Street Analyst Weigh In
JBL has been the subject of several analyst reports. Weiss Ratings raised shares of Jabil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Barclays lifted their price target on shares of Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Robert W. Baird boosted their price objective on shares of Jabil from $355.00 to $440.00 and gave the company an “outperform” rating in a research report on Thursday, June 18th. Stifel Nicolaus set a $460.00 price objective on shares of Jabil and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, Bank of America reaffirmed a “buy” rating and issued a $470.00 target price on shares of Jabil in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $453.67.
Read Our Latest Stock Analysis on Jabil
Insider Buying and Selling
In other Jabil news, EVP Matthew Crowley sold 94 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total transaction of $32,430.00. Following the transaction, the executive vice president owned 57,536 shares of the company’s stock, valued at $19,849,920. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.35% of the company’s stock.
Jabil 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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