SG Americas Securities LLC boosted its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 30.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 77,882 shares of the technology company’s stock after purchasing an additional 18,307 shares during the quarter. SG Americas Securities LLC’s holdings in Jabil were worth $20,688,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in JBL. Lincoln Capital Corp acquired a new stake in shares of Jabil in the 1st quarter worth approximately $201,000. E. Ohman J or Asset Management AB raised its holdings in Jabil by 26.7% during the first quarter. E. Ohman J or Asset Management AB now owns 3,799 shares of the technology company’s stock worth $1,009,000 after purchasing an additional 800 shares during the last quarter. Diversified Trust Co purchased a new stake in Jabil during the first quarter worth $207,000. Stance Capital LLC acquired a new stake in Jabil in the fourth quarter valued at $3,330,000. Finally, Corient Private Wealth LLC grew its holdings in Jabil by 5.7% in the fourth quarter. Corient Private Wealth LLC now owns 35,792 shares of the technology company’s stock valued at $8,162,000 after purchasing an additional 1,946 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.
Jabil Trading Down 0.4%
NYSE JBL opened at $371.44 on Thursday. The company has a market cap of $39.19 billion, a P/E ratio of 46.37, a P/E/G ratio of 1.12 and a beta of 1.28. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66. The company has a 50-day moving average of $354.06 and a 200-day moving average of $286.33.
Jabil Dividend Announcement
The business also recently declared 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. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s payout ratio is 4.00%.
Insider Buying and Selling
In related news, SVP Gary K. Schick sold 1,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $340.00, for a total value of $340,000.00. Following the transaction, the senior vice president owned 39,843 shares in the company, valued at approximately $13,546,620. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew Priestley sold 3,169 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $330.00, for a total value of $1,045,770.00. Following the transaction, the executive vice president owned 57,098 shares of the company’s stock, valued at approximately $18,842,340. This trade represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 35,981 shares of company stock valued at $10,812,410 over the last three months. Company insiders own 1.35% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on JBL shares. JPMorgan Chase & Co. raised their target price on shares of Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Weiss Ratings lowered shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Zacks Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Raymond James Financial lifted their price objective on Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a research report on Thursday, June 18th. Finally, Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and an average price target of $453.67.
About Jabil
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.
See Also
- Five stocks we like better than Jabil
- Why KB Home Could Reward Patient Investors Later
- Meta’s Internal Turmoil: Morale Nears 20-Year Low at the Wrong Time
- Tesla’s New NHTSA Probe Lands at the Worst Possible Time
- Nano Nuclear’s AI Data Center Deal Puts the Stock Back in Focus
Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil, Inc. (NYSE:JBL – Free Report).
Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.
