Capitolis Liquid Global Markets LLC acquired a new stake in Jabil, Inc. (NYSE:JBL – Free Report) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 33,000 shares of the technology company’s stock, valued at approximately $7,167,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC boosted its stake in shares of Jabil by 34.4% in the first quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock valued at $382,000 after buying an additional 720 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Jabil by 70.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock worth $2,493,000 after acquiring an additional 7,602 shares in the last quarter. Focus Partners Wealth raised its position in Jabil by 20.0% in the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock worth $676,000 after acquiring an additional 829 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Jabil by 50.0% in the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock valued at $79,000 after acquiring an additional 194 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Jabil by 2.5% in the second quarter. PNC Financial Services Group Inc. now owns 41,020 shares of the technology company’s stock valued at $8,946,000 after acquiring an additional 1,006 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Trading Down 0.5%
NYSE:JBL opened at $250.81 on Monday. Jabil, Inc. has a 52-week low of $108.66 and a 52-week high of $281.37. The company has a quick ratio of 0.67, a current ratio of 0.99 and a debt-to-equity ratio of 1.77. The stock has a fifty day simple moving average of $249.46 and a 200-day simple moving average of $226.64. The company has a market capitalization of $26.49 billion, a PE ratio of 39.01, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22.
Jabil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a $0.08 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio is currently 4.98%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jabil in a research note on Friday, January 9th. UBS Group raised their price objective on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. Robert W. Baird initiated coverage on shares of Jabil in a report on Thursday. They set an “outperform” rating and a $275.00 price objective on the stock. Bank of America set a $265.00 target price on shares of Jabil in a research report on Thursday, December 18th. Finally, Wall Street Zen downgraded shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.50.
Get Our Latest Research Report on JBL
Insider Buying and Selling at Jabil
In related news, SVP Adam E. Berry sold 1,596 shares of Jabil stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $253.20, for a total transaction of $404,107.20. Following the completion of the transaction, the senior vice president directly owned 18,920 shares in the company, valued at $4,790,544. The trade was a 7.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Frederic E. Mccoy sold 22,011 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $224.93, for a total value of $4,950,934.23. Following the completion of the sale, the executive vice president directly owned 100,376 shares in the company, valued at approximately $22,577,573.68. The trade was a 17.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 161,529 shares of company stock worth $37,901,485. 1.35% of the stock is currently 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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