Meiji Yasuda Asset Management Co Ltd. Has $263,000 Position in Jabil, Inc. $JBL

Meiji Yasuda Asset Management Co Ltd. lowered its position in Jabil, Inc. (NYSE:JBL) by 86.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,155 shares of the technology company’s stock after selling 7,535 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Jabil were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Veracity Capital LLC increased its holdings in Jabil by 4,144.3% in the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock valued at $31,000 after purchasing an additional 3,647 shares during the period. Leonteq Securities AG acquired a new stake in Jabil in the fourth quarter valued at $42,000. Banque Cantonale Vaudoise acquired a new stake in Jabil in the third quarter valued at $43,000. Rothschild Investment LLC increased its holdings in Jabil by 51.1% in the third quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock valued at $46,000 after purchasing an additional 72 shares during the period. Finally, Caitlin John LLC acquired a new stake in Jabil in the third quarter valued at $47,000. Institutional investors own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

JBL has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, March 19th. The Goldman Sachs Group increased their price objective on Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a report on Thursday. Barclays increased their price objective on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Wall Street Zen downgraded Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Finally, UBS Group increased their price objective on Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Jabil presently has an average rating of “Moderate Buy” and a consensus price target of $303.38.

Jabil Stock Performance

Shares of JBL opened at $364.22 on Monday. 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 stock has a market capitalization of $38.43 billion, a P/E ratio of 48.89, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. The firm’s fifty day simple moving average is $307.65 and its two-hundred day simple moving average is $259.95. Jabil, Inc. has a 12 month low of $161.52 and a 12 month high of $372.37.

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

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders 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 4.30%.

Insider Buying and Selling at Jabil

In other Jabil news, Director Anousheh Ansari sold 2,000 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the sale, the director owned 31,800 shares of the company’s stock, valued at approximately $9,540,000. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP May Yee Yap sold 1,634 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $306.74, for a total transaction of $501,213.16. Following the sale, the senior vice president directly owned 23,787 shares in the company, valued at $7,296,424.38. This trade represents a 6.43% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 37,981 shares of company stock valued at $11,360,740. 1.35% of the stock is owned by corporate insiders.

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.