Jabil, Inc. $JBL Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Jabil, Inc. (NYSE:JBL) by 60.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 78,646 shares of the technology company’s stock after selling 117,741 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Jabil were worth $17,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in JBL. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Jabil by 33.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,441 shares of the technology company’s stock worth $5,742,000 after purchasing an additional 6,594 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Jabil by 9.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company’s stock worth $67,732,000 after acquiring an additional 25,932 shares during the period. Westfield Capital Management Co. LP purchased a new stake in shares of Jabil in the third quarter valued at about $57,799,000. Winnow Wealth LLC acquired a new position in shares of Jabil during the third quarter worth about $1,077,000. Finally, Banco Santander S.A. purchased a new position in Jabil during the third quarter worth about $908,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jabil

In related news, SVP Adam E. Berry sold 1,585 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $301.23, for a total transaction of $477,449.55. Following the transaction, the senior vice president directly owned 16,335 shares in the company, valued at $4,920,592.05. This trade represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anousheh Ansari sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the director directly owned 31,800 shares in the company, valued at approximately $9,540,000. This trade represents a 5.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 37,403 shares of company stock worth $11,123,611. 1.35% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on JBL shares. Barclays raised their price objective on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Zacks Research raised Jabil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Robert W. Baird upped their price objective on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $290.63.

Jabil Trading Up 1.2%

NYSE:JBL opened at $337.94 on Friday. Jabil, Inc. has a 52-week low of $146.88 and a 52-week high of $346.22. 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 stock has a fifty day simple moving average of $281.97 and a 200-day simple moving average of $245.53. The company has a market capitalization of $35.65 billion, a PE ratio of 45.36, a price-to-earnings-growth ratio of 1.73 and a beta of 1.16.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The business had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period last year, the company posted $1.94 EPS. The company’s revenue was up 23.1% on a year-over-year basis. On average, equities research analysts expect that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be issued 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 of this dividend is Friday, May 15th. Jabil’s dividend payout ratio (DPR) is presently 4.30%.

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.