1,446 Shares in Jabil, Inc. $JBL Purchased by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Jabil, Inc. (NYSE:JBL) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,446 shares of the technology company’s stock, valued at approximately $330,000.

A number of other institutional investors have also recently bought and sold shares of JBL. Brown Brothers Harriman & Co. lifted its holdings in Jabil by 1.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock worth $630,000 after purchasing an additional 54 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its holdings in Jabil by 2.1% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company’s stock worth $613,000 after purchasing an additional 59 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Jabil by 2.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company’s stock worth $483,000 after purchasing an additional 60 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Jabil by 8.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 752 shares of the technology company’s stock worth $171,000 after purchasing an additional 61 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Jabil by 40.4% in the 3rd quarter. Assetmark Inc. now owns 219 shares of the technology company’s stock worth $48,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analysts Set New Price Targets

JBL has been the subject of several analyst reports. Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Barclays boosted their target price on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Robert W. Baird boosted their target price on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Finally, Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Jabil currently has an average rating of “Moderate Buy” and a consensus target price of $339.75.

Jabil Stock Up 2.1%

Shares of JBL stock opened at $384.64 on Friday. Jabil, Inc. has a 12 month low of $175.08 and a 12 month high of $386.64. The firm has a market cap of $40.58 billion, a PE ratio of 51.63, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. The stock has a 50 day moving average of $339.33 and a 200-day moving average of $276.51. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50.

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

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s payout ratio is 4.30%.

Insider Activity at Jabil

In other news, CEO Michael Dastoor sold 9,467 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $286.64, for a total transaction of $2,713,620.88. Following the sale, the chief executive officer directly owned 253,099 shares in the company, valued at approximately $72,548,297.36. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anousheh Ansari sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were 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 approximately $9,540,000. This represents a 5.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 37,981 shares of company stock valued at $11,360,740. 1.35% of the stock is owned by corporate insiders.

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.