FNY Investment Advisers LLC purchased a new position in Jabil, Inc. (NYSE:JBL – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 2,000 shares of the technology company’s stock, valued at approximately $770,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in JBL. Empirical Finance LLC grew its position in shares of Jabil by 0.6% in the 1st quarter. Empirical Finance LLC now owns 5,405 shares of the technology company’s stock worth $1,436,000 after buying an additional 31 shares during the period. Assetmark Inc. grew its holdings in Jabil by 10.6% in the first quarter. Assetmark Inc. now owns 344 shares of the technology company’s stock worth $91,000 after purchasing an additional 33 shares during the period. PenderFund Capital Management Ltd. increased its stake in shares of Jabil by 3.3% during the fourth quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company’s stock valued at $287,000 after purchasing an additional 40 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Jabil by 11.1% in the 1st quarter. Root Financial Partners LLC now owns 432 shares of the technology company’s stock worth $115,000 after purchasing an additional 43 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its position in Jabil by 4.8% during the 1st quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company’s stock valued at $263,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Jabil Stock Performance
Shares of JBL opened at $345.77 on Friday. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93. The business’s fifty day simple moving average is $345.20 and its two-hundred day simple moving average is $308.14. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17. The company has a market cap of $36.23 billion, a price-to-earnings ratio of 43.17, a P/E/G ratio of 1.01 and a beta of 1.30.
Jabil Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be paid a $0.08 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s payout ratio is currently 4.00%.
Analysts Set New Price Targets
Several research firms have commented on JBL. The Goldman Sachs Group boosted their target price on Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Wall Street Zen downgraded Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Robert W. Baird lifted their price target on Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Weiss Ratings upgraded shares of Jabil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Finally, Argus set a $475.00 price objective on shares of Jabil in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $453.67.
Read Our Latest Stock Report on Jabil
Insider Buying and Selling at Jabil
In other news, EVP Matthew Crowley sold 94 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total transaction of $32,430.00. Following the completion of the transaction, the executive vice president directly owned 57,536 shares of the company’s stock, valued at $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.35% of the stock is owned by insiders.
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.
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