4,119 Shares in Jabil, Inc. $JBL Acquired by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC purchased a new position in Jabil, Inc. (NYSE:JBL) during the fourth quarter, HoldingsChannel reports. The fund purchased 4,119 shares of the technology company’s stock, valued at approximately $939,000.

Other large investors also recently added to or reduced their stakes in the company. Leonteq Securities AG purchased a new position in Jabil in the 4th quarter worth approximately $42,000. Banque Cantonale Vaudoise purchased a new position in Jabil in the 3rd quarter worth approximately $43,000. Rothschild Investment LLC raised its holdings in shares of 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 in the last quarter. Caitlin John LLC purchased a new stake in shares of Jabil during the 3rd quarter worth approximately $47,000. Finally, Assetmark Inc. raised its holdings in shares of Jabil by 40.4% during the 3rd quarter. Assetmark Inc. now owns 219 shares of the technology company’s stock worth $48,000 after acquiring an additional 63 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Price Performance

JBL opened at $344.53 on Thursday. Jabil, Inc. has a 12-month low of $161.52 and a 12-month high of $372.37. 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 business’s fifty day simple moving average is $303.36 and its 200-day simple moving average is $257.98. The company has a market capitalization of $36.35 billion, a price-to-earnings ratio of 46.25, a PEG ratio of 1.73 and a beta of 1.29.

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, topping analysts’ consensus estimates of $2.51 by $0.18. The firm 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%.The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.94 EPS. On average, equities research analysts anticipate that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be paid a dividend of $0.08 per share. 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 dividend payout ratio is 4.30%.

Wall Street Analysts Forecast Growth

JBL has been the topic of several recent research reports. Robert W. Baird upped their price objective on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Zacks Research cut Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. upped their price objective on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Wall Street Zen cut Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $290.63.

Insider Activity

In related news, SVP May Yee Yap sold 1,634 shares of the company’s stock in a transaction 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 sale, the senior vice president directly owned 23,787 shares in the company, valued at $7,296,424.38. This represents a 6.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Andrew Priestley sold 3,169 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $330.00, for a total value of $1,045,770.00. Following the sale, the executive vice president owned 57,098 shares of the company’s stock, valued at $18,842,340. This trade represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,981 shares of company stock worth $11,360,740 over the last ninety days. 1.35% of the stock is currently owned by corporate 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.