PFA Pension Forsikringsaktieselskab Makes New Investment in Jabil, Inc. $JBL

PFA Pension Forsikringsaktieselskab bought a new position in Jabil, Inc. (NYSE:JBL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 170,642 shares of the technology company’s stock, valued at approximately $39,516,000.

A number of other hedge funds have also added to or reduced their stakes in JBL. Integrated Wealth Concepts LLC grew its stake in Jabil by 34.4% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Jabil by 70.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock worth $2,493,000 after acquiring an additional 7,602 shares in the last quarter. Focus Partners Wealth grew its stake in Jabil by 20.0% in the 1st quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock worth $676,000 after acquiring an additional 829 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Jabil by 50.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock worth $79,000 after acquiring an additional 194 shares in the last quarter. Finally, Jump Financial LLC bought a new position in Jabil in the 2nd quarter worth about $488,000. 93.39% of the stock is currently owned by institutional investors.

Insider Activity at Jabil

In related news, EVP Andrew Priestley sold 3,169 shares of the 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 completion of the sale, the executive vice president owned 57,098 shares of the company’s stock, valued at $18,842,340. This represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Adam E. Berry sold 1,585 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $301.23, for a total transaction of $477,449.55. Following the sale, the senior vice president directly owned 16,335 shares of the company’s stock, valued at $4,920,592.05. The trade was a 8.84% 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 valued at $11,020,740 over the last three months. Company insiders own 1.35% of the company’s stock.

Jabil Price Performance

NYSE JBL opened at $342.50 on Monday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The firm’s 50 day moving average price is $281.97 and its 200-day moving average price is $246.17. Jabil, Inc. has a 52-week low of $146.88 and a 52-week high of $349.62. The company has a market cap of $36.13 billion, a PE ratio of 45.97, a P/E/G ratio of 1.78 and a beta of 1.29.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share (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 firm had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same period last year, the firm earned $1.94 earnings per share. The company’s quarterly revenue was up 23.1% on a year-over-year basis. Sell-side analysts forecast 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. Investors of record on Friday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s dividend payout ratio is presently 4.30%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JBL. UBS Group upped their target price on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 10th. Stifel Nicolaus increased their price objective on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. increased their price objective on shares of Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Robert W. Baird increased their price objective on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Finally, Zacks Research upgraded shares of Jabil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $290.63.

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.