Strs Ohio Reduces Stake in Jabil, Inc. $JBL

Strs Ohio lessened its holdings in Jabil, Inc. (NYSE:JBL) by 15.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 49,327 shares of the technology company’s stock after selling 9,195 shares during the period. Strs Ohio’s holdings in Jabil were worth $11,248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of JBL. True Wealth Design LLC raised its holdings in shares of Jabil by 250.0% during the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after purchasing an additional 100 shares during the last quarter. First Horizon Corp purchased a new stake in Jabil in the third quarter valued at $30,000. Veracity Capital LLC boosted its holdings in Jabil by 4,144.3% in 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 last quarter. Banque Cantonale Vaudoise acquired a new stake in Jabil during the 3rd quarter worth about $43,000. Finally, Rothschild Investment LLC raised its stake in shares of Jabil by 51.1% during the 3rd quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock valued at $46,000 after buying an additional 72 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Jabil news, EVP Steven D. Borges sold 5,126 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $317.51, for a total value of $1,627,556.26. Following the completion of the sale, the executive vice president directly owned 71,398 shares in the company, valued at $22,669,578.98. This represents a 6.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew Priestley sold 3,169 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $330.00, for a total value of $1,045,770.00. Following the completion of the sale, the executive vice president directly owned 57,098 shares of the company’s stock, valued at $18,842,340. This trade represents a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 37,981 shares of company stock valued at $11,360,740. Insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on JBL. Barclays boosted their price objective on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Weiss Ratings downgraded Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. UBS Group upped their price objective on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Robert W. Baird raised their price objective on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $282.00 target price on shares of Jabil in a report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Jabil presently has a consensus rating of “Buy” and a consensus price target of $290.63.

Jabil Price Performance

Shares of NYSE JBL opened at $340.67 on Tuesday. The firm has a 50-day simple moving average of $281.97 and a 200-day simple moving average of $246.17. 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 market capitalization of $35.94 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 1.78 and a beta of 1.29. Jabil, Inc. has a 52 week low of $146.88 and a 52 week high of $349.62.

Jabil (NYSE:JBL) last posted its quarterly earnings results 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. The firm had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. Jabil’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.94 earnings per share. On average, equities analysts predict that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be given a $0.08 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s dividend payout ratio is 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.