Jabil, Inc. $JBL Stock Holdings Lessened by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its stake in Jabil, Inc. (NYSE:JBL) by 7.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 278,765 shares of the technology company’s stock after selling 21,562 shares during the quarter. Jabil accounts for about 1.1% of Wedge Capital Management L L P NC’s portfolio, making the stock its 8th biggest holding. Wedge Capital Management L L P NC’s holdings in Jabil were worth $63,564,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its holdings in Jabil by 34.4% during the first quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock valued at $382,000 after purchasing an additional 720 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Jabil by 70.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock worth $2,493,000 after purchasing an additional 7,602 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Jabil by 20.0% during the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock worth $676,000 after purchasing an additional 829 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Jabil by 50.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock worth $79,000 after purchasing an additional 194 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Jabil during the 2nd quarter worth about $839,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Stock Performance

NYSE:JBL opened at $261.14 on Friday. The company’s 50-day moving average price is $255.75 and its 200-day moving average price is $230.43. 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 has a market cap of $27.58 billion, a P/E ratio of 35.05, a P/E/G ratio of 1.37 and a beta of 1.22. Jabil, Inc. has a twelve month low of $108.66 and a twelve month high of $283.76.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.18. The company had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. Jabil’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.94 EPS. On average, sell-side analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a $0.08 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s dividend payout ratio is 4.30%.

Wall Street Analyst Weigh In

JBL has been the topic of several research analyst reports. Zacks Research cut Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. UBS Group increased their target price on Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. Raymond James Financial restated a “strong-buy” rating on shares of Jabil in a research report on Thursday, December 18th. Barclays lifted their price target on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Jabil in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and an average price target of $283.25.

Insider Transactions at Jabil

In related news, SVP Gary K. Schick sold 1,000 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $278.33, for a total value of $278,330.00. Following the completion of the sale, the senior vice president owned 40,843 shares of the company’s stock, valued at approximately $11,367,832.19. This trade represents a 2.39% 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, SVP Adam E. Berry sold 1,596 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $253.20, for a total value of $404,107.20. Following the transaction, the senior vice president directly owned 18,920 shares in the company, valued at $4,790,544. This trade represents a 7.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 80,018 shares of company stock valued at $19,545,381. 1.35% of the stock is currently owned by company insiders.

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.