Intech Investment Management LLC lifted its stake in Jabil, Inc. (NYSE:JBL – Free Report) by 122.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,334 shares of the technology company’s stock after buying an additional 10,102 shares during the period. Intech Investment Management LLC’s holdings in Jabil were worth $3,982,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the stock. Primecap Management Co. CA raised its holdings in Jabil by 0.7% in the 2nd quarter. Primecap Management Co. CA now owns 3,410,410 shares of the technology company’s stock valued at $743,810,000 after acquiring an additional 24,650 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Jabil by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 2,893,485 shares of the technology company’s stock worth $628,519,000 after purchasing an additional 65,949 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Jabil by 5.9% in the second quarter. JPMorgan Chase & Co. now owns 2,302,307 shares of the technology company’s stock worth $502,133,000 after purchasing an additional 129,212 shares during the period. Boston Partners raised its stake in Jabil by 224.4% in the second quarter. Boston Partners now owns 1,898,681 shares of the technology company’s stock valued at $414,119,000 after purchasing an additional 1,313,338 shares in the last quarter. Finally, Norges Bank bought a new stake in Jabil during the second quarter worth about $323,338,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Price Performance
JBL stock opened at $264.65 on Monday. The company has a 50 day simple moving average of $245.67 and a 200 day simple moving average of $223.66. The stock has a market cap of $27.95 billion, a price-to-earnings ratio of 41.16, a P/E/G ratio of 1.69 and a beta of 1.22. Jabil, Inc. has a 1 year low of $108.66 and a 1 year high of $281.37. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.99 and a quick ratio of 0.67.
Jabil Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s payout ratio is currently 4.98%.
Insiders Place Their Bets
In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $225.32, for a total value of $11,266,000.00. Following the completion of the transaction, the chairman directly owned 1,171,459 shares in the company, valued at approximately $263,953,141.88. This trade represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven D. Borges sold 10,000 shares of Jabil stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $235.00, for a total value of $2,350,000.00. Following the sale, the executive vice president directly owned 90,524 shares in the company, valued at $21,273,140. The trade was a 9.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 161,529 shares of company stock worth $37,901,485. Company insiders own 1.35% of the company’s stock.
Analysts Set New Price Targets
JBL has been the topic of a number of analyst reports. Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 16th. Barclays increased their price target on shares of Jabil from $267.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Bank of America set a $265.00 price objective on shares of Jabil in a research note on Thursday, December 18th. JPMorgan Chase & Co. boosted their price objective on shares of Jabil from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. Finally, UBS Group raised their target price on Jabil from $239.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and an average target price of $264.14.
Check Out Our Latest Stock Report on Jabil
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.
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