Bank of New York Mellon Corp Reduces Stock Position in Jabil, Inc. $JBL

Bank of New York Mellon Corp reduced its holdings in shares of Jabil, Inc. (NYSE:JBL) by 13.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 800,992 shares of the technology company’s stock after selling 124,761 shares during the quarter. Bank of New York Mellon Corp’s holdings in Jabil were worth $182,642,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Veracity Capital LLC lifted its stake in shares of Jabil by 4,144.3% during the 4th quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock valued at $31,000 after buying an additional 3,647 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of Jabil during the 4th quarter valued at approximately $42,000. Banque Cantonale Vaudoise purchased a new stake in shares of Jabil during the 3rd quarter valued at approximately $43,000. Rothschild Investment LLC lifted its stake in shares of Jabil by 51.1% during the 3rd quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock valued at $46,000 after buying an additional 72 shares in the last quarter. Finally, Caitlin John LLC purchased a new stake in shares of Jabil during the 3rd quarter valued at approximately $47,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JBL. Bank of America increased their price target on shares of Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. increased their price target on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. UBS Group increased their price target on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Stifel Nicolaus increased their price target on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. One equities research 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 company. According to MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and a consensus price target of $303.38.

Jabil Trading Down 5.6%

Shares of Jabil stock opened at $353.05 on Friday. Jabil, Inc. has a 12-month low of $174.00 and a 12-month high of $384.70. The company has a market cap of $37.25 billion, a price-to-earnings ratio of 47.39, a PEG ratio of 1.94 and a beta of 1.28. 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 company’s 50-day moving average price is $328.74 and its 200-day moving average price is $270.56.

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

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, May 15th. Jabil’s dividend payout ratio (DPR) is currently 4.30%.

Insiders Place Their Bets

In related news, SVP May Yee Yap sold 1,634 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $306.74, for a total value of $501,213.16. Following the sale, the senior vice president directly owned 23,787 shares of the company’s stock, valued at $7,296,424.38. This trade represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Steven D. Borges sold 5,126 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $317.51, for a total transaction of $1,627,556.26. Following the completion of the sale, the executive vice president directly owned 71,398 shares in the company, valued at $22,669,578.98. This represents a 6.70% 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 valued at $11,360,740 over the last three months. Corporate insiders own 1.35% of the company’s stock.

Jabil Company 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.