Jabil, Inc. $JBL Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in shares of Jabil, Inc. (NYSE:JBL) by 33.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,705 shares of the technology company’s stock after selling 14,530 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Jabil were worth $6,545,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Meyer Handelman Co. boosted its stake in Jabil by 11.0% during the 4th quarter. Meyer Handelman Co. now owns 61,308 shares of the technology company’s stock worth $13,979,000 after purchasing an additional 6,075 shares during the period. Archford Capital Strategies LLC raised its stake in Jabil by 1.6% during the 4th quarter. Archford Capital Strategies LLC now owns 16,029 shares of the technology company’s stock valued at $3,655,000 after acquiring an additional 257 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in Jabil by 5.5% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 42,306 shares of the technology company’s stock worth $9,647,000 after acquiring an additional 2,206 shares during the period. Clarius Group LLC grew its stake in shares of Jabil by 32.3% in the 4th quarter. Clarius Group LLC now owns 1,927 shares of the technology company’s stock valued at $439,000 after purchasing an additional 470 shares during the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. purchased a new position in shares of Jabil in the 4th quarter valued at approximately $1,518,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In other news, Director Anousheh Ansari sold 1,000 shares of Jabil stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $270.00, for a total transaction of $270,000.00. Following the completion of the transaction, the director owned 33,800 shares of the company’s stock, valued at $9,126,000. The trade was a 2.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Gary K. Schick sold 1,000 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $278.33, for a total transaction of $278,330.00. Following the completion of the sale, the senior vice president directly owned 40,843 shares in the company, valued at approximately $11,367,832.19. The trade was a 2.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 61,018 shares of company stock valued at $15,093,181 in the last 90 days. 1.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on JBL. JPMorgan Chase & Co. upped their price target on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Zacks Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. UBS Group boosted their price objective on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. Wall Street Zen upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Finally, Stifel Nicolaus lifted their target price on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $283.25.

Jabil Trading Down 1.1%

Shares of JBL opened at $268.85 on Friday. Jabil, Inc. has a twelve month low of $108.66 and a twelve month high of $283.76. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. The firm has a market capitalization of $28.39 billion, a P/E ratio of 36.09, a PEG ratio of 1.41 and a beta of 1.16. The firm’s 50-day moving average is $256.90 and its two-hundred day moving average is $231.82.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. The company had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period last year, the firm earned $1.94 EPS. On average, research analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Tuesday, February 17th. Jabil’s payout ratio is presently 4.30%.

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.