Sequoia Financial Advisors LLC Buys 2,512 Shares of Jabil, Inc. $JBL

Sequoia Financial Advisors LLC lifted its stake in Jabil, Inc. (NYSE:JBL) by 45.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,085 shares of the technology company’s stock after purchasing an additional 2,512 shares during the period. Sequoia Financial Advisors LLC’s holdings in Jabil were worth $1,844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JBL. First Horizon Corp bought a new position in Jabil during the 3rd quarter worth approximately $30,000. Veracity Capital LLC boosted its stake in Jabil by 4,144.3% during the 4th quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after acquiring an additional 3,647 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Jabil during the 3rd quarter worth approximately $43,000. Rothschild Investment LLC boosted its stake in Jabil by 51.1% during the 3rd quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock worth $46,000 after acquiring an additional 72 shares during the last quarter. Finally, Caitlin John LLC bought a new position in Jabil during the 3rd quarter worth approximately $47,000. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Performance

Shares of JBL opened at $365.28 on Tuesday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. Jabil, Inc. has a twelve month low of $159.46 and a twelve month high of $372.37. The firm’s 50 day moving average price is $290.56 and its two-hundred day moving average price is $251.44. The firm has a market cap of $38.54 billion, a P/E ratio of 49.03, a PEG ratio of 1.84 and a beta of 1.29.

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

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, May 15th. Jabil’s payout ratio is 4.30%.

Analysts Set New Price Targets

Several research analysts recently weighed in on JBL shares. Weiss Ratings lowered shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. lifted their target price on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Bank of America lifted their target price on Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Stifel Nicolaus lifted their target price on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Jabil presently has an average rating of “Buy” and a consensus target price of $290.63.

Insider Buying and Selling

In other news, SVP May Yee Yap sold 1,634 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $306.74, for a total value of $501,213.16. Following the sale, the senior vice president directly owned 23,787 shares in the company, valued at $7,296,424.38. The trade was a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Steven D. Borges sold 5,126 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $317.51, for a total transaction of $1,627,556.26. Following the completion of the sale, the executive vice president directly owned 71,398 shares in the company, valued at approximately $22,669,578.98. This represents a 6.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 37,981 shares of company stock valued at $11,360,740. Corporate insiders own 1.35% of the company’s stock.

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.