MUFG Securities EMEA plc Raises Position in Jabil, Inc. $JBL

MUFG Securities EMEA plc raised its stake in shares of Jabil, Inc. (NYSE:JBL) by 113.2% during the fourth quarter, HoldingsChannel reports. The firm owned 4,380 shares of the technology company’s stock after buying an additional 2,326 shares during the quarter. MUFG Securities EMEA plc’s holdings in Jabil were worth $999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Impact Partnership Wealth LLC raised its position in Jabil by 57.7% during the fourth quarter. Impact Partnership Wealth LLC now owns 4,919 shares of the technology company’s stock valued at $1,122,000 after purchasing an additional 1,799 shares during the period. Norges Bank purchased a new stake in shares of Jabil in the fourth quarter worth approximately $407,299,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Jabil during the 4th quarter worth approximately $3,792,000. Hillsdale Investment Management Inc. bought a new stake in shares of Jabil during the 4th quarter worth approximately $935,000. Finally, National Pension Service lifted its stake in shares of Jabil by 582.6% during the 4th quarter. National Pension Service now owns 224,903 shares of the technology company’s stock worth $51,282,000 after acquiring an additional 191,956 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Trading Up 3.8%

Shares of NYSE:JBL opened at $373.56 on Wednesday. Jabil, Inc. has a 12-month low of $167.87 and a 12-month high of $381.94. The business’s fifty day simple moving average is $320.76 and its 200-day simple moving average is $266.39. The company has a market capitalization of $39.41 billion, a PE ratio of 50.14, a P/E/G ratio of 1.87 and a beta of 1.28. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The business had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same period last year, the business posted $1.94 EPS. The business’s revenue was up 23.1% compared to the same quarter last year. As a group, equities research analysts predict that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were issued a $0.08 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is currently 4.30%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JBL. Robert W. Baird raised their price target on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. UBS Group raised their price target on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Bank of America raised their price target on Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Barclays raised their price objective on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Jabil has an average rating of “Moderate Buy” and an average target price of $303.38.

Insiders Place Their Bets

In other news, CEO Michael Dastoor sold 9,467 shares of Jabil stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $286.64, for a total value of $2,713,620.88. Following the transaction, the chief executive officer directly owned 253,099 shares in the company, valued at approximately $72,548,297.36. This trade represents a 3.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anousheh Ansari sold 2,000 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the director directly owned 31,800 shares of the company’s stock, valued at $9,540,000. The trade was a 5.92% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 37,981 shares of company stock worth $11,360,740. 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.