Impact Partnership Wealth LLC Acquires 1,799 Shares of Jabil, Inc. $JBL

Impact Partnership Wealth LLC grew its holdings in Jabil, Inc. (NYSE:JBL) by 57.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,919 shares of the technology company’s stock after purchasing an additional 1,799 shares during the period. Impact Partnership Wealth LLC’s holdings in Jabil were worth $1,122,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBL. Norges Bank purchased a new stake in Jabil in the fourth quarter worth $407,299,000. Arrowstreet Capital Limited Partnership increased its stake in Jabil by 1,157.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock worth $315,964,000 after purchasing an additional 1,339,247 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Jabil in the fourth quarter worth $121,710,000. Allianz Asset Management GmbH increased its stake in Jabil by 180.1% in the third quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock worth $164,686,000 after purchasing an additional 487,595 shares during the period. Finally, M&T Bank Corp increased its stake in Jabil by 2,833.4% in the fourth quarter. M&T Bank Corp now owns 348,987 shares of the technology company’s stock worth $79,576,000 after purchasing an additional 337,090 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays increased their target price on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. The Goldman Sachs Group boosted their price target on Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Robert W. Baird boosted their price target on Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Finally, Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. One 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $303.38.

Jabil Stock Up 0.1%

Jabil stock opened at $363.84 on Friday. The business has a fifty day moving average of $318.86 and a two-hundred day moving average of $265.03. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. The firm has a market cap of $38.39 billion, a P/E ratio of 48.84, a P/E/G ratio of 1.89 and a beta of 1.29. Jabil, Inc. has a twelve month low of $164.69 and a twelve month high of $381.94.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. The company had revenue of $8.28 billion during the quarter, compared to analyst estimates of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.Jabil’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 earnings per share. On average, analysts forecast that Jabil, Inc. will post 11.3 earnings per share for the current fiscal 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 issued a dividend of $0.08 per share. The ex-dividend date is Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s dividend payout ratio is currently 4.30%.

Insider Activity at Jabil

In other Jabil news, EVP Steven D. Borges sold 5,126 shares of the company’s stock in a transaction on Friday, April 17th. The stock was 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP May Yee Yap sold 1,634 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total value of $501,213.16. Following the sale, the senior vice president owned 23,787 shares of the company’s stock, valued at approximately $7,296,424.38. This represents a 6.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,981 shares of company stock valued at $11,360,740 over the last 90 days. Insiders own 1.35% of the company’s stock.

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.