4,427 Shares in Jabil, Inc. $JBL Bought by North Dakota State Investment Board

North Dakota State Investment Board bought a new position in Jabil, Inc. (NYSE:JBL) in the 4th quarter, Holdings Channel.com reports. The firm bought 4,427 shares of the technology company’s stock, valued at approximately $1,009,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Leuthold Group LLC grew its position in Jabil by 0.5% in the fourth quarter. Leuthold Group LLC now owns 62,315 shares of the technology company’s stock worth $14,209,000 after acquiring an additional 312 shares in the last quarter. Arjuna Capital grew its position in Jabil by 2.1% in the fourth quarter. Arjuna Capital now owns 8,838 shares of the technology company’s stock worth $2,015,000 after acquiring an additional 180 shares in the last quarter. Stephens Inc. AR grew its position in Jabil by 56.5% in the fourth quarter. Stephens Inc. AR now owns 2,341 shares of the technology company’s stock worth $534,000 after acquiring an additional 845 shares in the last quarter. AlphaCore Capital LLC grew its position in Jabil by 4.7% in the fourth quarter. AlphaCore Capital LLC now owns 3,627 shares of the technology company’s stock worth $827,000 after acquiring an additional 164 shares in the last quarter. Finally, Convergence Investment Partners LLC boosted its position in Jabil by 262.9% during the fourth quarter. Convergence Investment Partners LLC now owns 23,086 shares of the technology company’s stock valued at $5,264,000 after buying an additional 16,724 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP May Yee Yap sold 1,634 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $306.74, for a total transaction of $501,213.16. Following the completion of the transaction, the senior vice president directly owned 23,787 shares of the company’s stock, valued at approximately $7,296,424.38. This represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Andrew Priestley sold 4,000 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $301.00, for a total transaction of $1,204,000.00. Following the transaction, the executive vice president directly owned 60,267 shares of the company’s stock, valued at approximately $18,140,367. This trade represents a 6.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 37,981 shares of company stock valued at $11,360,740. 1.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group upped their price target on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Stifel Nicolaus upped their price target on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. upped their price target on shares of 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 lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, Robert W. Baird upped their price target on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $290.63.

Jabil Stock Performance

Shares of NYSE:JBL opened at $344.53 on Thursday. The company has a market cap of $36.35 billion, a price-to-earnings ratio of 46.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.29. The company has a 50-day moving average price of $303.36 and a 200-day moving average price of $257.98. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. Jabil, Inc. has a 12 month low of $161.52 and a 12 month high of $372.37.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.51 by $0.18. The firm 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 quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.94 earnings per share. As a group, equities analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, May 15th. 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.