Harvest Fund Management Co. Ltd Has $594,000 Position in Jabil, Inc. $JBL

Harvest Fund Management Co. Ltd lowered its position in shares of Jabil, Inc. (NYSE:JBL) by 38.7% in the fourth quarter, Holdings Channel reports. The firm owned 2,603 shares of the technology company’s stock after selling 1,641 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Jabil were worth $594,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC boosted its position in shares of Jabil by 34.4% during the first quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock worth $382,000 after buying an additional 720 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Jabil by 70.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock valued at $2,493,000 after purchasing an additional 7,602 shares during the last quarter. Focus Partners Wealth lifted its stake in Jabil by 20.0% in the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock valued at $676,000 after acquiring an additional 829 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Jabil by 50.0% in the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock valued at $79,000 after acquiring an additional 194 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in Jabil in the second quarter valued at $488,000. Institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In related news, EVP Steven D. Borges sold 7,000 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $290.00, for a total transaction of $2,030,000.00. Following the transaction, the executive vice president owned 76,524 shares in the company, valued at $22,191,960. The trade was a 8.38% 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 9,467 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $286.64, for a total transaction of $2,713,620.88. Following the transaction, the chief executive officer owned 253,099 shares in the company, valued at $72,548,297.36. The trade was a 3.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,981 shares of company stock worth $11,360,740 over the last ninety days. 1.35% of the stock is owned by corporate insiders.

Jabil Stock Down 5.6%

Shares of NYSE JBL opened at $353.05 on Friday. The company has a market capitalization of $37.25 billion, a P/E ratio of 47.39, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. Jabil, Inc. has a 52-week low of $174.00 and a 52-week high of $384.70. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The company’s 50 day moving average price is $328.74 and its 200-day moving average price is $270.56.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. The firm had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.94 EPS. Equities analysts forecast that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, May 15th. Jabil’s payout ratio is presently 4.30%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on JBL shares. Bank of America increased their price objective on shares of Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. increased 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. Robert W. Baird increased their price objective on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Stifel Nicolaus increased their price objective on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Finally, Barclays raised their price target on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.