JPMorgan Chase & Co. cut its holdings in Jabil, Inc. (NYSE:JBL – Free Report) by 43.8% in the third quarter, HoldingsChannel reports. The firm owned 1,293,181 shares of the technology company’s stock after selling 1,009,126 shares during the period. JPMorgan Chase & Co.’s holdings in Jabil were worth $280,840,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of JBL. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Jabil by 33.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,441 shares of the technology company’s stock valued at $5,742,000 after buying an additional 6,594 shares during the period. Legal & General Group Plc lifted its position in shares of Jabil by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 413,902 shares of the technology company’s stock worth $90,272,000 after acquiring an additional 3,752 shares during the period. Winnow Wealth LLC acquired a new stake in shares of Jabil during the 3rd quarter worth approximately $1,077,000. Envestnet Asset Management Inc. grew its holdings in shares of Jabil by 9.1% during the 3rd 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. Finally, Boston Partners increased its position in shares of Jabil by 224.4% during the second quarter. Boston Partners now owns 1,898,681 shares of the technology company’s stock valued at $414,119,000 after purchasing an additional 1,313,338 shares during the period. 93.39% of the stock is currently owned by institutional investors.
Jabil Trading Up 0.8%
Shares of JBL opened at $262.54 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.67 and a current ratio of 0.99. The company has a market cap of $27.72 billion, a price-to-earnings ratio of 40.83, a PEG ratio of 1.66 and a beta of 1.24. The stock has a fifty day moving average price of $239.71 and a two-hundred day moving average price of $221.70. Jabil, Inc. has a 52-week low of $108.66 and a 52-week high of $269.17.
Jabil Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date is Tuesday, February 17th. Jabil’s dividend payout ratio (DPR) is presently 4.98%.
Insider Activity at Jabil
In related news, EVP Steven D. Borges sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $235.00, for a total value of $2,350,000.00. Following the completion of the transaction, the executive vice president owned 90,524 shares in the company, valued at $21,273,140. The trade was a 9.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Mark T. Mondello sold 50,000 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $225.32, for a total value of $11,266,000.00. Following the completion of the transaction, the chairman owned 1,171,459 shares in the company, valued at $263,953,141.88. The trade was a 4.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 181,529 shares of company stock valued at $42,145,485. Insiders own 1.35% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Jabil in a research report on Thursday, December 18th. Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday. Bank of America set a $265.00 price objective on shares of Jabil in a report on Thursday, December 18th. JPMorgan Chase & Co. lifted their target price on shares of Jabil from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. Finally, Wall Street Zen raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $264.14.
Check Out Our Latest Stock 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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