Danske Bank A S Acquires 5,000 Shares of Jabil, Inc. $JBL

Danske Bank A S increased its holdings in Jabil, Inc. (NYSE:JBL) by 9.2% in the fourth quarter, HoldingsChannel reports. The firm owned 59,479 shares of the technology company’s stock after purchasing an additional 5,000 shares during the period. Danske Bank A S’s holdings in Jabil were worth $13,562,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its position in Jabil by 34.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock worth $382,000 after acquiring an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Jabil by 70.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock valued at $2,493,000 after buying an additional 7,602 shares during the last quarter. Focus Partners Wealth raised its position in Jabil by 20.0% in the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock worth $676,000 after purchasing an additional 829 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Jabil by 50.0% in the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock worth $79,000 after purchasing an additional 194 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Jabil in the second quarter worth about $488,000. 93.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on JBL shares. JPMorgan Chase & Co. raised their price objective on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Bank of America increased their price target on shares of Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Zacks Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $282.00 target price on shares of Jabil in a report on Thursday, January 15th. Finally, Stifel Nicolaus raised their price objective on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Jabil currently has an average rating of “Buy” and a consensus target price of $290.63.

Jabil Stock Performance

Shares of JBL opened at $342.50 on Monday. The firm has a 50-day moving average of $281.97 and a 200-day moving average of $246.17. Jabil, Inc. has a one year low of $146.88 and a one year high of $349.62. The company has a market cap of $36.13 billion, a PE ratio of 45.97, a price-to-earnings-growth ratio of 1.78 and a beta of 1.29. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The company had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter last year, the firm posted $1.94 EPS. The company’s quarterly revenue was up 23.1% on a year-over-year basis. As a group, equities analysts forecast that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be issued a dividend of $0.08 per share. 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 payout ratio is presently 4.30%.

Insider Buying and Selling at Jabil

In related news, EVP Steven D. Borges sold 5,126 shares of Jabil stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $317.51, for a total transaction of $1,627,556.26. Following the completion of the sale, the executive vice president owned 71,398 shares of the company’s stock, valued at approximately $22,669,578.98. The trade was a 6.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Anousheh Ansari sold 2,000 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the sale, the director directly owned 31,800 shares of the company’s stock, valued at $9,540,000. This represents a 5.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 36,981 shares of company stock worth $11,020,740 in the last ninety days. Insiders own 1.35% of the company’s stock.

Jabil 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.