Eurizon Capital SGR S.p.A. Purchases Shares of 16,615 Jabil, Inc. $JBL

Eurizon Capital SGR S.p.A. purchased a new stake in Jabil, Inc. (NYSE:JBL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,615 shares of the technology company’s stock, valued at approximately $3,792,000.

Several other hedge funds have also modified their holdings of JBL. Veracity Capital LLC grew its position in shares of Jabil by 4,144.3% during the 4th quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock valued at $31,000 after acquiring an additional 3,647 shares during the period. Leonteq Securities AG acquired a new position in Jabil in the 4th quarter worth about $42,000. Banque Cantonale Vaudoise acquired a new position in Jabil in the 3rd quarter worth about $43,000. Rothschild Investment LLC raised its holdings in Jabil by 51.1% in the 3rd quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock worth $46,000 after purchasing an additional 72 shares during the period. Finally, Caitlin John LLC acquired a new position in Jabil in the 3rd quarter worth about $47,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Down 1.4%

JBL opened at $359.64 on Tuesday. Jabil, Inc. has a twelve month low of $164.69 and a twelve month high of $381.94. 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 company has a 50-day moving average price of $320.76 and a 200 day moving average price of $266.39. The company has a market cap of $37.94 billion, a PE ratio of 48.27, a price-to-earnings-growth ratio of 1.89 and a beta of 1.28.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.18. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The firm had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. Sell-side analysts expect that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm 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 $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, May 15th. Jabil’s dividend payout ratio (DPR) is 4.30%.

Insiders Place Their Bets

In other Jabil news, EVP Steven D. Borges sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $290.00, for a total value of $2,030,000.00. Following the transaction, the executive vice president directly owned 76,524 shares of the company’s stock, valued at $22,191,960. This trade represents a 8.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP May Yee Yap sold 1,634 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total transaction of $501,213.16. Following the completion of the transaction, the senior vice president directly owned 23,787 shares in the company, valued at $7,296,424.38. This trade represents a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 37,981 shares of company stock worth $11,360,740. 1.35% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JBL. Bank of America upped their price target on Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. The Goldman Sachs Group upped their price target on Jabil from $336.00 to $384.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Wall Street Zen cut Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Robert W. Baird upped their price target on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. 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 data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and an average target price of $303.38.

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.