GW&K Investment Management LLC Has $83.88 Million Stake in Jabil, Inc. $JBL

GW&K Investment Management LLC trimmed its holdings in shares of Jabil, Inc. (NYSE:JBL) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,874 shares of the technology company’s stock after selling 3,033 shares during the period. Jabil accounts for approximately 0.7% of GW&K Investment Management LLC’s holdings, making the stock its 27th largest holding. GW&K Investment Management LLC’s holdings in Jabil were worth $83,883,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Savant Capital LLC increased its holdings in Jabil by 0.9% during the 3rd quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock valued at $1,266,000 after purchasing an additional 54 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Jabil by 1.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock valued at $630,000 after purchasing an additional 54 shares in the last quarter. Measured Wealth Private Client Group LLC increased its holdings in Jabil by 2.1% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company’s stock valued at $613,000 after purchasing an additional 59 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Jabil by 2.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company’s stock valued at $483,000 after purchasing an additional 60 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Jabil by 8.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 752 shares of the technology company’s stock valued at $171,000 after purchasing an additional 61 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Stock Down 0.6%

NYSE JBL opened at $361.89 on Wednesday. The stock has a fifty day moving average of $332.74 and a 200-day moving average of $273.35. The stock has a market capitalization of $38.18 billion, a P/E ratio of 48.58, a price-to-earnings-growth ratio of 1.89 and a beta of 1.28. Jabil, Inc. has a 52 week low of $175.07 and a 52 week high of $384.70. 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 quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 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 business had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the previous year, the firm earned $1.94 earnings per share. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. On average, equities research analysts forecast that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Announces Dividend

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

Insider Buying and Selling at Jabil

In related news, SVP May Yee Yap sold 1,634 shares of Jabil stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total transaction of $501,213.16. Following the completion of the sale, the senior vice president directly owned 23,787 shares of the company’s stock, valued at $7,296,424.38. The trade was a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew Priestley sold 3,169 shares of Jabil stock in a transaction on Monday, April 20th. The stock was sold at an average price of $330.00, for a total value of $1,045,770.00. Following the sale, the executive vice president directly owned 57,098 shares of the company’s stock, valued at approximately $18,842,340. This trade represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 37,981 shares of company stock valued at $11,360,740 over the last quarter. 1.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group raised their price target on Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Robert W. Baird lifted their target price on Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. lifted their target price on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. UBS Group lifted their target price on Jabil from $273.00 to $380.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Bank of America lifted their target price on Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Jabil presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.13.

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.