Pinpoint Asset Management Singapore Pte. Ltd. Takes Position in Jabil, Inc. $JBL

Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Jabil, Inc. (NYSE:JBL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,446 shares of the technology company’s stock, valued at approximately $330,000.

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

Jabil Stock Performance

Jabil stock opened at $384.64 on Friday. The stock has a fifty day moving average price of $339.33 and a two-hundred day moving average price of $276.51. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. The firm has a market capitalization of $40.58 billion, a P/E ratio of 51.63, a P/E/G ratio of 1.96 and a beta of 1.28. Jabil, Inc. has a 52-week low of $175.08 and a 52-week high of $386.64.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.51 by $0.18. The company had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The business’s revenue for the quarter 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. As a group, analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Raymond James Financial reiterated a “strong-buy” rating and set a $425.00 price objective on shares of Jabil in a research note on Wednesday. UBS Group increased their price objective on Jabil from $273.00 to $380.00 and gave the stock a “neutral” rating in a research note on Tuesday. Robert W. Baird increased their price objective on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $339.75.

Insider Activity at Jabil

In other news, Director Anousheh Ansari sold 2,000 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the sale, the director owned 31,800 shares in the company, valued at approximately $9,540,000. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP May Yee Yap sold 1,634 shares of the 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 in the company, valued at $7,296,424.38. The trade was a 6.43% 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 valued at $11,360,740. 1.35% of the stock is currently owned by company insiders.

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.