Jabil, Inc. $JBL Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its position in Jabil, Inc. (NYSE:JBL) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 278,765 shares of the technology company’s stock after selling 21,562 shares during the period. Jabil makes up 1.1% of Wedge Capital Management L L P NC’s holdings, making the stock its 8th largest position. Wedge Capital Management L L P NC owned approximately 0.26% of Jabil worth $63,564,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of JBL. True Wealth Design LLC lifted its holdings in shares of Jabil by 250.0% during the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after purchasing an additional 100 shares during the period. First Horizon Corp acquired a new position in Jabil in the 3rd quarter worth approximately $30,000. Banque Cantonale Vaudoise acquired a new position in Jabil in the 3rd quarter worth approximately $43,000. Rothschild Investment LLC raised its position in Jabil by 51.1% during the 3rd quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock worth $46,000 after buying an additional 72 shares during the last quarter. Finally, Caitlin John LLC purchased a new position in Jabil during the 3rd quarter worth approximately $47,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Price Performance

Shares of NYSE JBL opened at $261.14 on Friday. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. The stock has a market capitalization of $27.58 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 1.37 and a beta of 1.22. The firm’s 50 day simple moving average is $255.75 and its 200-day simple moving average is $230.43. Jabil, Inc. has a 12 month low of $108.66 and a 12 month high of $283.76.

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

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid 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 was Tuesday, February 17th. Jabil’s dividend payout ratio is presently 4.30%.

Analyst Ratings Changes

Several research firms have recently commented on JBL. Stifel Nicolaus upped their price objective on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Raymond James Financial reissued a “strong-buy” rating on shares of Jabil in a report on Thursday, December 18th. Wall Street Zen upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jabil in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $283.25.

Insider Buying and Selling at Jabil

In other news, Chairman Mark T. Mondello sold 17,200 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $250.00, for a total transaction of $4,300,000.00. Following the sale, the chairman directly owned 1,111,459 shares in the company, valued at $277,864,750. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Dastoor sold 15,000 shares of Jabil stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $246.91, for a total value of $3,703,650.00. Following the completion of the transaction, the chief executive officer owned 262,566 shares of the company’s stock, valued at approximately $64,830,171.06. This represents a 5.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 80,018 shares of company stock worth $19,545,381. 1.35% of the stock is currently owned by company insiders.

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.