JSF Financial LLC bought a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,792 shares of the technology company’s stock, valued at approximately $1,273,000.
Several other large investors also recently modified their holdings of JBL. Greenline Wealth Management LLC bought a new position in Jabil in the fourth quarter valued at about $28,000. Veracity Capital LLC increased its position in shares of Jabil by 4,144.3% during the 4th quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock valued at $31,000 after purchasing an additional 3,647 shares during the last quarter. Virtus Advisers LLC bought a new position in shares of Jabil in the 4th quarter worth approximately $32,000. DV Equities LLC purchased a new position in shares of Jabil in the fourth quarter worth approximately $34,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in Jabil during the fourth quarter valued at approximately $34,000. Institutional investors own 93.39% of the company’s stock.
Jabil Stock Up 1.7%
NYSE JBL opened at $306.03 on Tuesday. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17. The stock has a market cap of $32.07 billion, a PE ratio of 38.21, a P/E/G ratio of 0.90 and a beta of 1.28. The stock’s 50 day moving average is $354.72 and its 200 day moving average is $300.33.
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 dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th. Jabil’s dividend payout ratio is 4.00%.
Analysts Set New Price Targets
JBL has been the subject of a number of recent research reports. Raymond James Financial boosted their price objective on shares of Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a research report on Thursday, June 18th. Weiss Ratings raised Jabil from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Zacks Research raised Jabil from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Robert W. Baird boosted their price objective on Jabil from $355.00 to $440.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. Finally, Bank of America restated a “buy” rating and set a $470.00 target price on shares of Jabil in a research note on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $453.67.
Get Our Latest Analysis on Jabil
Insider Transactions at Jabil
In related news, SVP Gary K. Schick sold 1,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $340.00, for a total transaction of $340,000.00. Following the completion of the transaction, the senior vice president directly owned 39,843 shares of the company’s stock, valued at approximately $13,546,620. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matthew Crowley sold 94 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total value 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 represents a 0.16% decrease in their position. The SEC filing for this sale provides additional information. 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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