Global Retirement Partners LLC Decreases Holdings in Jabil, Inc. $JBL

Global Retirement Partners LLC trimmed its position in shares of Jabil, Inc. (NYSE:JBL) by 36.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,586 shares of the technology company’s stock after selling 1,510 shares during the period. Global Retirement Partners LLC’s holdings in Jabil were worth $590,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of JBL. Arrowstreet Capital Limited Partnership increased its stake in Jabil by 1,157.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock worth $315,964,000 after purchasing an additional 1,339,247 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Jabil in the fourth quarter worth $121,710,000. Allianz Asset Management GmbH grew its stake in Jabil by 180.1% in the third quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock worth $164,686,000 after purchasing an additional 487,595 shares during the period. M&T Bank Corp boosted its holdings in Jabil by 2,833.4% in the fourth quarter. M&T Bank Corp now owns 348,987 shares of the technology company’s stock worth $79,576,000 after acquiring an additional 337,090 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Jabil by 125.4% in the third quarter. Barclays PLC now owns 588,155 shares of the technology company’s stock worth $127,730,000 after acquiring an additional 327,238 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP May Yee Yap sold 1,634 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total value of $501,213.16. Following the completion of the sale, the senior vice president directly owned 23,787 shares of the company’s stock, valued at $7,296,424.38. This trade represents a 6.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Gary K. Schick sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $340.00, for a total value of $340,000.00. Following the completion of the sale, the senior vice president directly owned 39,843 shares of the company’s stock, valued at $13,546,620. The trade was a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 37,981 shares of company stock worth $11,360,740. 1.35% of the stock is currently owned by company insiders.

Jabil Stock Performance

NYSE JBL opened at $370.80 on Thursday. The stock has a market capitalization of $39.12 billion, a PE ratio of 49.77, a P/E/G ratio of 1.97 and a beta of 1.29. Jabil, Inc. has a 1-year low of $164.69 and a 1-year high of $381.94. The business has a 50 day simple moving average of $314.73 and a two-hundred day simple moving average of $263.28. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68.

Jabil (NYSE:JBL) last posted its quarterly earnings data 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 business had revenue of $8.28 billion during the quarter, compared to analyst estimates of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period last year, the company earned $1.94 EPS. On average, research analysts predict that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, May 15th. Jabil’s dividend payout ratio (DPR) is presently 4.30%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on JBL shares. Weiss Ratings downgraded Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Robert W. Baird upped their price objective on Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. The Goldman Sachs Group upped their price objective on Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. upped their price target on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, Stifel Nicolaus upped their price target on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Jabil has an average rating of “Moderate Buy” and an average target price of $303.38.

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.