Torren Management LLC Acquires Shares of 2,050 Jabil, Inc. $JBL

Torren Management LLC acquired a new stake in Jabil, Inc. (NYSE:JBL) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,050 shares of the technology company’s stock, valued at approximately $467,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Corp bought a new stake in Jabil in the third quarter valued at approximately $30,000. True Wealth Design LLC lifted its position in Jabil by 250.0% in the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock valued at $30,000 after purchasing an additional 100 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Jabil in the third quarter valued at approximately $43,000. Rothschild Investment LLC lifted its position in Jabil by 51.1% in the third quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock valued at $46,000 after purchasing an additional 72 shares during the last quarter. Finally, Caitlin John LLC bought a new stake in Jabil in the third quarter valued at approximately $47,000. Institutional investors own 93.39% of the company’s stock.

Jabil Price Performance

JBL opened at $340.78 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 52-week low of $142.03 and a 52-week high of $346.22. The stock has a market capitalization of $35.95 billion, a PE ratio of 45.74, a price-to-earnings-growth ratio of 1.77 and a beta of 1.16. The stock’s 50 day moving average price is $277.54 and its 200-day moving average price is $243.30.

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

Jabil Announces Dividend

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

Analyst Ratings Changes

JBL has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Zacks Research raised Jabil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Bank of America boosted their target price on Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Barclays boosted their target price on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $290.63.

Insiders Place Their Bets

In other Jabil news, Director Anousheh Ansari sold 2,000 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the transaction, the director owned 31,800 shares in the company, valued at approximately $9,540,000. This represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP May Yee Yap sold 1,634 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total value of $501,213.16. Following the completion of the transaction, the senior vice president owned 23,787 shares of the company’s stock, valued at approximately $7,296,424.38. This trade represents a 6.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,403 shares of company stock valued at $11,123,611 in the last 90 days. Corporate insiders own 1.35% of the company’s stock.

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.