ING Groep NV Purchases 31,333 Shares of Jabil, Inc. $JBL

ING Groep NV raised its position in Jabil, Inc. (NYSE:JBL) by 181.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 48,607 shares of the technology company’s stock after buying an additional 31,333 shares during the quarter. ING Groep NV’s holdings in Jabil were worth $11,083,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JBL. Los Angeles Capital Management LLC lifted its holdings in shares of Jabil by 28.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 201,208 shares of the technology company’s stock worth $44,562,000 after acquiring an additional 44,929 shares during the last quarter. Vestcor Inc lifted its holdings in shares of Jabil by 23.4% in the fourth quarter. Vestcor Inc now owns 5,495 shares of the technology company’s stock worth $1,253,000 after acquiring an additional 1,043 shares during the last quarter. Pinebridge Investments LLC bought a new position in shares of Jabil in the fourth quarter worth about $15,636,000. PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in shares of Jabil in the fourth quarter worth about $11,038,000. Finally, WINTON GROUP Ltd bought a new position in shares of Jabil in the fourth quarter worth about $459,000. 93.39% of the stock is owned by institutional investors.

Insider Activity at Jabil

In other 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 transaction of $501,213.16. Following the completion of the sale, the senior vice president owned 23,787 shares of the company’s stock, valued at $7,296,424.38. This trade represents a 6.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Gary K. Schick sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $340.00, for a total transaction of $340,000.00. Following the sale, the senior vice president directly owned 39,843 shares of the company’s stock, valued at approximately $13,546,620. This trade represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 37,981 shares of company stock worth $11,360,740. Corporate insiders own 1.35% of the company’s stock.

Jabil Stock Performance

NYSE:JBL opened at $353.05 on Monday. The company has a market capitalization of $37.25 billion, a PE ratio of 47.39, a P/E/G ratio of 1.83 and a beta of 1.28. The company has a 50 day simple moving average of $328.74 and a two-hundred day simple moving average of $271.06. 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 fifty-two week low of $174.00 and a fifty-two week high of $384.70.

Jabil (NYSE:JBL) last released 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 during 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%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.94 EPS. Research analysts anticipate that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently commented on JBL. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Stifel Nicolaus increased their target price on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Barclays increased their target price on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, The Goldman Sachs Group increased their target price on shares of Jabil from $336.00 to $384.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $303.38.

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.