HighPoint Advisor Group LLC Grows Stock Position in Jabil, Inc. $JBL

HighPoint Advisor Group LLC raised its holdings in Jabil, Inc. (NYSE:JBL) by 61.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,426 shares of the technology company’s stock after buying an additional 7,399 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Jabil were worth $4,430,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. State Street Corp raised its stake in shares of Jabil by 0.7% in the third quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock worth $1,129,207,000 after purchasing an additional 36,646 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Jabil by 1,157.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock worth $315,964,000 after purchasing an additional 1,339,247 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Jabil by 180.1% in the third quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock worth $164,686,000 after purchasing an additional 487,595 shares during the last quarter. Amundi raised its stake in shares of Jabil by 55.3% in the third quarter. Amundi now owns 704,246 shares of the technology company’s stock worth $142,399,000 after purchasing an additional 250,626 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Jabil by 125.4% in the third quarter. Barclays PLC now owns 588,155 shares of the technology company’s stock worth $127,730,000 after purchasing an additional 327,238 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Stock Up 2.9%

Shares of JBL stock opened at $365.28 on Tuesday. The stock has a 50 day moving average of $290.56 and a 200 day moving average of $251.44. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. The stock has a market cap of $38.54 billion, a P/E ratio of 49.03, a P/E/G ratio of 1.84 and a beta of 1.29. Jabil, Inc. has a twelve month low of $159.46 and a twelve month high of $372.37.

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 the consensus estimate of $2.51 by $0.18. The company had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.Jabil’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the business earned $1.94 earnings per share. As a group, sell-side analysts expect that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th 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, May 15th. Jabil’s dividend payout ratio (DPR) is currently 4.30%.

Insider Activity at Jabil

In related news, SVP May Yee Yap sold 1,634 shares of Jabil stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total transaction of $501,213.16. Following the completion of the transaction, the senior vice president directly owned 23,787 shares in the company, valued at approximately $7,296,424.38. This trade represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew Priestley sold 4,000 shares of Jabil stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $301.00, for a total value of $1,204,000.00. Following the transaction, the executive vice president owned 60,267 shares of the company’s stock, valued at approximately $18,140,367. This represents a 6.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 37,981 shares of company stock valued at $11,360,740 in the last 90 days. 1.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on JBL shares. Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. raised their price objective on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Barclays raised their price objective on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Bank of America raised their price objective on Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $282.00 price objective on shares of Jabil in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Jabil presently has a consensus rating of “Buy” and an average price target of $290.63.

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.