HighTower Advisors LLC Reduces Stake in Jabil, Inc. $JBL

HighTower Advisors LLC lowered its holdings in Jabil, Inc. (NYSE:JBL) by 8.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 50,231 shares of the technology company’s stock after selling 4,374 shares during the quarter. HighTower Advisors LLC’s holdings in Jabil were worth $11,454,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of JBL. Arrowstreet Capital Limited Partnership lifted its holdings in Jabil by 1,157.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock worth $315,964,000 after buying an additional 1,339,247 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Jabil in the 4th quarter worth approximately $121,710,000. Allianz Asset Management GmbH lifted its holdings in Jabil by 180.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock worth $164,686,000 after buying an additional 487,595 shares during the period. M&T Bank Corp lifted its holdings in Jabil by 2,833.4% in the 4th quarter. M&T Bank Corp now owns 348,987 shares of the technology company’s stock worth $79,576,000 after buying an additional 337,090 shares during the period. Finally, Barclays PLC lifted its holdings in Jabil by 125.4% in the 3rd quarter. Barclays PLC now owns 588,155 shares of the technology company’s stock worth $127,730,000 after buying an additional 327,238 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Transactions at Jabil

In other news, Director Anousheh Ansari sold 2,000 shares of the 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 transaction, the director owned 31,800 shares of the company’s stock, valued at approximately $9,540,000. This represents a 5.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Dastoor sold 9,467 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $286.64, for a total value of $2,713,620.88. Following the transaction, the chief executive officer directly owned 253,099 shares of the company’s stock, valued at approximately $72,548,297.36. This trade represents a 3.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 37,981 shares of company stock worth $11,360,740. 1.35% of the stock is owned by insiders.

Jabil Stock Down 0.0%

Shares of NYSE:JBL opened at $364.22 on Tuesday. Jabil, Inc. has a 52-week low of $161.52 and a 52-week high of $372.37. The firm has a market capitalization of $38.43 billion, a P/E ratio of 48.89, a P/E/G ratio of 1.89 and a beta of 1.29. The stock has a 50 day moving average price of $309.89 and a 200-day moving average price of $261.04. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the prior year, the company earned $1.94 EPS. The business’s revenue was up 23.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced 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 of this dividend is Friday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio is currently 4.30%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Stifel Nicolaus increased their price objective on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Barclays increased their price objective on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Finally, Robert W. Baird increased their target price on Jabil from $275.00 to $281.00 and gave the stock 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and a consensus price target of $303.38.

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.