Elevation Point Wealth Partners LLC increased its position in Jabil, Inc. (NYSE:JBL – Free Report) by 279,250.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,587 shares of the technology company’s stock after purchasing an additional 5,585 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Jabil were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in JBL. Savant Capital LLC increased its stake in Jabil by 0.9% during the 3rd quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock worth $1,266,000 after buying an additional 54 shares during the period. Brown Brothers Harriman & Co. boosted its position in Jabil by 1.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock valued at $630,000 after buying an additional 54 shares during the last quarter. AlphaCore Capital LLC grew its stake in shares of Jabil by 1.8% during the second quarter. AlphaCore Capital LLC now owns 3,263 shares of the technology company’s stock valued at $712,000 after acquiring an additional 57 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of Jabil by 11.2% during the third quarter. TD Private Client Wealth LLC now owns 584 shares of the technology company’s stock valued at $127,000 after acquiring an additional 59 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Jabil by 2.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company’s stock worth $483,000 after acquiring an additional 60 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.
Jabil Stock Up 3.1%
Shares of Jabil stock opened at $258.30 on Tuesday. The business has a 50-day moving average price of $250.15 and a 200 day moving average price of $226.98. Jabil, Inc. has a fifty-two week low of $108.66 and a fifty-two week high of $281.37. The firm has a market cap of $27.28 billion, a P/E ratio of 40.17, a P/E/G ratio of 1.59 and a beta of 1.22. The company has a quick ratio of 0.67, a current ratio of 0.99 and a debt-to-equity ratio of 1.77.
Jabil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio (DPR) is 4.98%.
Insider Transactions at Jabil
In other news, CEO Michael Dastoor sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $246.91, for a total value of $3,703,650.00. Following the transaction, the chief executive officer directly owned 262,566 shares in the company, valued at approximately $64,830,171.06. This trade represents a 5.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven D. Borges sold 10,000 shares of Jabil stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $235.00, for a total transaction of $2,350,000.00. Following the completion of the transaction, the executive vice president directly owned 90,524 shares of the company’s stock, valued at $21,273,140. This trade represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 161,529 shares of company stock valued at $37,901,485 over the last quarter. Insiders own 1.35% of the company’s stock.
Analyst Ratings Changes
JBL has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $282.00 price target on shares of Jabil in a report on Thursday, January 15th. Robert W. Baird began coverage on Jabil in a report on Thursday, March 12th. They set an “outperform” rating and a $275.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Wall Street Zen downgraded shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Jabil in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $270.50.
Read Our Latest Research Report on Jabil
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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