Retireful LLC acquired a new position in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,041 shares of the technology company’s stock, valued at approximately $1,172,000.
A number of other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in Jabil in the 2nd quarter worth about $25,000. Greenline Wealth Management LLC acquired a new stake in shares of Jabil during the 4th quarter valued at about $28,000. Virtus Advisers LLC acquired a new stake in shares of Jabil during the 4th quarter valued at about $32,000. DV Equities LLC bought a new stake in shares of Jabil in the 4th quarter valued at approximately $34,000. Finally, Wilkerson Advisory Group LLC bought a new stake in shares of Jabil in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Stock Down 0.0%
Shares of JBL stock opened at $299.07 on Thursday. The stock’s 50 day simple moving average is $329.16 and its 200 day simple moving average is $318.90. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.66 and a current ratio of 0.98. Jabil, Inc. has a twelve month low of $189.60 and a twelve month high of $428.93. The company has a market capitalization of $31.34 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 0.67 and a beta of 1.29.
Jabil Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, August 14th. Jabil’s payout ratio is presently 4.00%.
Insider Activity
In related news, EVP Matthew Crowley sold 94 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the transaction, the executive vice president directly owned 57,536 shares in the company, valued at approximately $19,849,920. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.35% of the company’s stock.
Analyst Ratings Changes
JBL has been the topic of several recent research reports. Bank of America reaffirmed a “buy” rating and set a $470.00 price objective on shares of Jabil in a research report on Thursday, June 18th. Barclays boosted their target price on shares of Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. The Goldman Sachs Group increased their price target on shares of Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Robert W. Baird raised their price target on shares of Jabil from $355.00 to $440.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Finally, Raymond James Financial lifted their price objective on shares of Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Jabil has an average rating of “Buy” and an average target price of $453.67.
Get Our Latest Stock Report on JBL
Jabil 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.
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