Vise Technologies Inc. Boosts Stock Holdings in Jabil, Inc. $JBL

Vise Technologies Inc. raised its holdings in shares of Jabil, Inc. (NYSE:JBL) by 68.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,433 shares of the technology company’s stock after purchasing an additional 2,216 shares during the period. Vise Technologies Inc.’s holdings in Jabil were worth $1,239,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. State Street Corp increased its position in Jabil by 0.7% during the 3rd quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock valued at $1,129,207,000 after purchasing an additional 36,646 shares during the period. Geode Capital Management LLC increased its position in Jabil by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock valued at $661,783,000 after purchasing an additional 42,422 shares during the period. Norges Bank purchased a new position in shares of Jabil in the 4th quarter worth approximately $407,299,000. Arrowstreet Capital Limited Partnership grew its position in shares of 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 last quarter. Finally, Amundi grew its position in shares of Jabil by 55.3% in the 3rd quarter. Amundi now owns 704,246 shares of the technology company’s stock worth $142,399,000 after buying an additional 250,626 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Stock Up 2.9%

NYSE:JBL opened at $363.56 on Tuesday. The company has a market cap of $38.36 billion, a PE ratio of 48.80, a P/E/G ratio of 1.83 and a beta of 1.28. Jabil, Inc. has a twelve month low of $175.07 and a twelve month high of $384.70. 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’s 50 day moving average is $330.72 and its two-hundred day moving average is $272.22.

Jabil (NYSE:JBL) last released its 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 company 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%. Jabil’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 EPS. Analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, May 15th. Jabil’s payout ratio is presently 4.30%.

Insider Buying and Selling at Jabil

In other Jabil news, SVP Gary K. Schick sold 1,000 shares of Jabil stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $340.00, for a total transaction of $340,000.00. Following the completion of the sale, the senior vice president directly owned 39,843 shares in the company, valued at approximately $13,546,620. The trade was a 2.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew Priestley sold 3,169 shares of Jabil stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $330.00, for a total transaction of $1,045,770.00. Following the sale, the executive vice president owned 57,098 shares of the company’s stock, valued at approximately $18,842,340. The trade was a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 37,981 shares of company stock worth $11,360,740. Corporate insiders own 1.35% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on JBL shares. Barclays lifted their price objective on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Robert W. Baird lifted their price objective on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. lifted their price objective on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. UBS Group lifted their price objective on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Finally, Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Jabil has an average rating of “Moderate Buy” and a consensus target price 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.