Jabil, Inc. $JBL Shares Sold by TD Asset Management Inc

TD Asset Management Inc cut its position in shares of Jabil, Inc. (NYSE:JBL) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 140,886 shares of the technology company’s stock after selling 2,808 shares during the quarter. TD Asset Management Inc’s holdings in Jabil were worth $32,125,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in JBL. Norges Bank purchased a new stake in Jabil during the fourth quarter worth $407,299,000. Arrowstreet Capital Limited Partnership boosted its holdings in Jabil by 1,157.8% during the third 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 in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Jabil during the fourth quarter worth $121,710,000. M&T Bank Corp boosted its holdings in Jabil by 2,833.4% during the fourth 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 in the last quarter. Finally, Barclays PLC boosted its holdings in Jabil by 125.4% during the third 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 in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Performance

NYSE:JBL opened at $353.05 on Friday. The company’s 50-day moving average price is $328.74 and its 200-day moving average price is $270.56. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. The company has a market cap of $37.25 billion, a P/E ratio of 47.39, a P/E/G ratio of 1.83 and a beta of 1.28. Jabil, Inc. has a twelve month low of $174.00 and a twelve month high of $384.70.

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 the consensus estimate of $2.51 by $0.18. The firm had revenue of $8.28 billion for 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 revenue for the quarter was up 23.1% on a year-over-year basis. During the same period last year, the firm posted $1.94 earnings per share. On average, sell-side analysts forecast that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, May 15th. Jabil’s dividend payout ratio (DPR) is currently 4.30%.

Insider Transactions at Jabil

In other news, EVP Andrew Priestley sold 4,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $301.00, for a total value 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. The transaction was disclosed in a filing with the SEC, which is available at 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 transaction of $2,030,000.00. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 37,981 shares of company stock valued at $11,360,740. Company insiders own 1.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JBL. Barclays increased their price target on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. JPMorgan Chase & Co. increased their price target on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Robert W. Baird increased their price target on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. The Goldman Sachs Group increased their price target on shares of Jabil from $336.00 to $384.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Stifel Nicolaus increased their price target on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $303.38.

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.