Paradigm Capital Management Inc. NY trimmed its position in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 547,900 shares of the technology company’s stock after selling 10,000 shares during the quarter. Jabil makes up about 5.6% of Paradigm Capital Management Inc. NY’s investment portfolio, making the stock its 5th largest holding. Paradigm Capital Management Inc. NY’s holdings in Jabil were worth $145,539,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. State Street Corp increased its holdings in Jabil by 0.7% in the third quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock worth $1,129,207,000 after buying an additional 36,646 shares during the last quarter. Primecap Management Co. CA lifted its stake in Jabil by 0.4% in the fourth quarter. Primecap Management Co. CA now owns 3,343,670 shares of the technology company’s stock valued at $762,424,000 after acquiring an additional 12,600 shares during the last quarter. Geode Capital Management LLC lifted its stake in Jabil by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock valued at $661,783,000 after acquiring an additional 42,422 shares during the last quarter. JPMorgan Chase & Co. grew its position in Jabil by 45.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock worth $429,714,000 after acquiring an additional 591,364 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Jabil during the 4th quarter worth $407,299,000. Institutional investors own 93.39% of the company’s stock.
Jabil Trading Down 3.0%
NYSE:JBL opened at $312.28 on Friday. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93. The firm has a market cap of $32.72 billion, a price-to-earnings ratio of 38.99, a P/E/G ratio of 0.96 and a beta of 1.28. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 2.17. The company’s 50 day moving average is $352.15 and its 200-day moving average is $302.26.
Jabil Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s payout ratio is currently 4.00%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Jabil from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Zacks Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. The Goldman Sachs Group increased their target price on shares of Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Raymond James Financial boosted their price target 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, UBS Group upped their price target on Jabil from $380.00 to $430.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Jabil has an average rating of “Buy” and an average target price of $453.67.
Check Out Our Latest Stock Report on JBL
Insiders Place Their Bets
In other news, SVP Gary K. Schick sold 1,000 shares of Jabil 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 directly 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 document filed with the SEC, which is accessible through this hyperlink. Also, EVP Matthew Crowley sold 94 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $345.00, for a total value of $32,430.00. Following the transaction, the executive vice president directly owned 57,536 shares of the company’s stock, valued at $19,849,920. This represents a 0.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.35% of the stock is owned by insiders.
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.
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