Norden Group LLC Sells 30,252 Shares of Jabil, Inc. $JBL

Norden Group LLC cut its stake in shares of Jabil, Inc. (NYSE:JBL) by 88.2% during the fourth quarter, HoldingsChannel reports. The firm owned 4,064 shares of the technology company’s stock after selling 30,252 shares during the quarter. Norden Group LLC’s holdings in Jabil were worth $927,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of JBL. Mirae Asset Global Investments Co. Ltd. raised its holdings in Jabil by 33.2% during the 3rd 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. Westfield Capital Management Co. LP purchased a new position in Jabil during the third quarter worth $57,799,000. Envestnet Asset Management Inc. boosted its stake in Jabil by 9.1% during the third quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company’s stock worth $67,732,000 after buying an additional 25,932 shares during the period. Winnow Wealth LLC bought a new position in Jabil during the third quarter valued at $1,077,000. Finally, Banco Santander S.A. bought a new position in Jabil during the third quarter valued at $908,000. 93.39% of the stock is owned by institutional investors.

Insider Buying and Selling at Jabil

In other Jabil news, SVP Gary K. Schick sold 1,000 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $278.33, for a total transaction of $278,330.00. Following the transaction, the senior vice president directly owned 40,843 shares in the company, valued at $11,367,832.19. This trade represents a 2.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anousheh Ansari sold 1,000 shares of Jabil stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $270.00, for a total value of $270,000.00. Following the sale, the director directly owned 33,800 shares of the company’s stock, valued at approximately $9,126,000. This trade represents a 2.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 80,018 shares of company stock valued at $19,545,381. 1.35% of the stock is owned by corporate insiders.

Jabil Stock Down 1.1%

NYSE:JBL opened at $261.14 on Friday. The company has a market cap of $27.58 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. Jabil, Inc. has a twelve month low of $108.66 and a twelve month high of $283.76. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. The stock has a fifty day simple moving average of $255.75 and a 200-day simple moving average of $230.43.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.51 by $0.18. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The company had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter last year, the firm posted $1.94 EPS. The firm’s revenue was up 23.1% compared to the same quarter last year. Analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is 4.30%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on JBL shares. Barclays raised their target price on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Wall Street Zen upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Jabil in a research report on Friday, January 9th. JPMorgan Chase & Co. raised their price objective on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, Bank of America boosted their target price on Jabil from $280.00 to $295.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and an average target price of $283.25.

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.