Jabil, Inc. $JBL Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd cut its holdings in Jabil, Inc. (NYSE:JBL) by 55.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,156 shares of the technology company’s stock after selling 5,266 shares during the period. Plato Investment Management Ltd’s holdings in Jabil were worth $952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Horizon Corp acquired a new stake in Jabil in the third quarter valued at $30,000. Veracity Capital LLC raised its stake 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 buying an additional 3,647 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in Jabil in the third quarter valued at $43,000. Rothschild Investment LLC raised its stake in Jabil by 51.1% in the third quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock valued at $46,000 after buying an additional 72 shares in the last quarter. Finally, Caitlin John LLC acquired a new stake in Jabil in the third quarter valued at $47,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Stock Performance

NYSE JBL opened at $354.99 on Monday. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. Jabil, Inc. has a 52-week low of $153.06 and a 52-week high of $372.37. The business’s 50-day moving average price is $287.17 and its 200 day moving average price is $249.22. The firm has a market cap of $37.45 billion, a P/E ratio of 47.65, a P/E/G ratio of 1.84 and a beta of 1.29.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter last year, the company posted $1.94 earnings per share. The business’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 year.

Jabil Dividend Announcement

The business 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. The ex-dividend date of this dividend 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 (DPR) is currently 4.30%.

Insider Activity

In related news, Director Anousheh Ansari sold 2,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the transaction, the director owned 31,800 shares of the company’s stock, valued at $9,540,000. This trade represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steven D. Borges sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $290.00, for a total value of $2,030,000.00. Following the transaction, the executive vice president directly owned 76,524 shares in the company, valued at approximately $22,191,960. This represents a 8.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 37,981 shares of company stock valued at $11,360,740. Insiders own 1.35% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of analyst reports. Stifel Nicolaus raised their price target on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Bank of America raised their price target on Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Barclays raised their price target on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Wall Street Zen cut Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $282.00 price target on shares of Jabil in a research note on Thursday, January 15th. Two analysts have 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.com, the stock presently has an average rating of “Buy” and an average price target of $290.63.

Jabil Company 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.