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

Sequoia Financial Advisors LLC increased its stake in shares of Jabil, Inc. (NYSE:JBL) by 45.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,085 shares of the technology company’s stock after acquiring an additional 2,512 shares during the period. Sequoia Financial Advisors LLC’s holdings in Jabil were worth $1,844,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of JBL. Arrowstreet Capital Limited Partnership raised its holdings in Jabil by 1,157.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock worth $315,964,000 after acquiring an additional 1,339,247 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Jabil during the fourth quarter worth $121,710,000. Allianz Asset Management GmbH raised its position in Jabil by 180.1% during the third quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock worth $164,686,000 after acquiring an additional 487,595 shares in the last quarter. M&T Bank Corp raised its position in Jabil by 2,833.4% during the fourth quarter. M&T Bank Corp now owns 348,987 shares of the technology company’s stock worth $79,576,000 after acquiring an additional 337,090 shares in the last quarter. Finally, Barclays PLC raised its position in Jabil by 125.4% during the third quarter. Barclays PLC now owns 588,155 shares of the technology company’s stock worth $127,730,000 after acquiring an additional 327,238 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In other news, CEO Michael Dastoor sold 9,467 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $286.64, for a total transaction of $2,713,620.88. Following the transaction, the chief executive officer owned 253,099 shares in the company, valued at approximately $72,548,297.36. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven D. Borges sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $290.00, for a total transaction of $2,030,000.00. Following the transaction, the executive vice president directly owned 76,524 shares in the company, valued at approximately $22,191,960. This represents a 8.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,981 shares of company stock valued at $11,360,740 in the last 90 days. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on JBL shares. Zacks Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Bank of America upped their price objective on Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Stifel Nicolaus upped their price objective on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Robert W. Baird upped their price objective on Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. 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 issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Jabil presently has a consensus rating of “Buy” and a consensus target price of $290.63.

Jabil Price Performance

Shares of JBL opened at $365.28 on Tuesday. The firm has a market capitalization of $38.54 billion, a PE ratio of 49.03, a PEG ratio of 1.84 and a beta of 1.29. The company’s 50-day moving average is $290.56 and its 200-day moving average is $251.44. Jabil, Inc. has a fifty-two week low of $159.46 and a fifty-two week high of $372.37. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68.

Jabil (NYSE:JBL) last issued its quarterly earnings data 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 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 company’s revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 earnings per share. Equities analysts forecast that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Dividend Announcement

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

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.