Mizuho Markets Cayman LP Acquires Shares of 37,682 Jabil, Inc. $JBL

Mizuho Markets Cayman LP acquired a new stake in shares of Jabil, Inc. (NYSE:JBL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 37,682 shares of the technology company’s stock, valued at approximately $8,592,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp grew its position in shares of Jabil by 0.7% in the 3rd quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock worth $1,129,207,000 after buying an additional 36,646 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Jabil by 1,157.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock worth $315,964,000 after buying an additional 1,339,247 shares during the period. Allianz Asset Management GmbH grew its position in shares of Jabil by 180.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock worth $164,686,000 after buying an additional 487,595 shares during the period. Amundi grew its position in shares of Jabil by 55.3% in the 3rd quarter. Amundi now owns 704,246 shares of the technology company’s stock worth $142,399,000 after buying an additional 250,626 shares during the period. Finally, Barclays PLC grew its position in shares of Jabil by 125.4% in the 3rd quarter. Barclays PLC now owns 588,155 shares of the technology company’s stock worth $127,730,000 after buying an additional 327,238 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jabil

In other news, Director Anousheh Ansari sold 2,000 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the transaction, the director owned 31,800 shares in the company, valued at $9,540,000. This represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven D. Borges sold 7,000 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $290.00, for a total transaction of $2,030,000.00. Following the completion of the transaction, the executive vice president owned 76,524 shares in the company, valued at $22,191,960. This trade represents a 8.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 37,981 shares of company stock worth $11,360,740. 1.35% of the stock is owned by company insiders.

Jabil Price Performance

JBL opened at $364.22 on Friday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The stock has a market capitalization of $38.43 billion, a P/E ratio of 48.89, a P/E/G ratio of 1.85 and a beta of 1.29. The company’s 50-day simple moving average is $307.65 and its two-hundred day simple moving average is $259.67. Jabil, Inc. has a 52-week low of $161.52 and a 52-week high of $372.37.

Jabil (NYSE:JBL) last posted its earnings results 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 business had revenue of $8.28 billion for 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%. The business’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 business earned $1.94 EPS. As a group, analysts predict that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio is currently 4.30%.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of recent research reports. UBS Group upped their target price on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Bank of America upped their target price on shares of Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. The Goldman Sachs Group upped their target price on shares of Jabil from $336.00 to $384.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays upped their target price on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $303.38.

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.