Vega Investment Solutions acquired a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 27,387 shares of the technology company’s stock, valued at approximately $10,263,000. Jabil makes up 1.5% of Vega Investment Solutions’ holdings, making the stock its 19th largest holding.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in JBL. Todd Asset Management LLC boosted its position in shares of Jabil by 1.9% during the 4th quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock valued at $76,696,000 after acquiring an additional 6,179 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Jabil in the fourth quarter worth approximately $7,061,000. Jackson Creek Investment Advisors LLC raised its stake in Jabil by 386.2% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 11,290 shares of the technology company’s stock valued at $2,574,000 after purchasing an additional 8,968 shares in the last quarter. Western Wealth Management LLC purchased a new stake in Jabil in the first quarter valued at approximately $1,333,000. Finally, Allstate Corp lifted its position in Jabil by 98.0% during the fourth quarter. Allstate Corp now owns 7,959 shares of the technology company’s stock valued at $1,815,000 after purchasing an additional 3,939 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
Jabil Trading Down 2.7%
JBL stock opened at $304.83 on Tuesday. The company has a market capitalization of $31.94 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 0.94 and a beta of 1.30. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.66 and a current ratio of 0.98. Jabil, Inc. has a one year low of $189.60 and a one year high of $428.93. The company’s 50 day moving average price is $338.69 and its two-hundred day moving average price is $316.33.
Jabil Announces Dividend
The firm also recently declared 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. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, August 14th. Jabil’s dividend payout ratio is presently 4.00%.
Insider Activity
In other news, EVP Matthew Crowley sold 94 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $345.00, for a total transaction of $32,430.00. Following the transaction, the executive vice president directly owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.35% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on JBL shares. Raymond James Financial increased their price target on shares of Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a report on Thursday, June 18th. The Goldman Sachs Group lifted their price objective on shares of Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. UBS Group upgraded shares of Jabil from a “neutral” rating to a “buy” rating and set a $430.00 target price for the company in a research report on Tuesday, August 11th. Bank of America reissued a “buy” rating and issued a $470.00 target price on shares of Jabil in a research note on Thursday, June 18th. Finally, Stifel Nicolaus set a $460.00 price target on Jabil and gave the company a “buy” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $453.67.
Get Our Latest Analysis on JBL
Jabil Company 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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