Jabil, Inc. $JBL Stock Position Raised by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Jabil, Inc. (NYSE:JBL) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,913,157 shares of the technology company’s stock after purchasing an additional 42,422 shares during the period. Geode Capital Management LLC’s holdings in Jabil were worth $661,783,000 as of its most recent SEC filing.

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

Jabil Price Performance

Shares of NYSE:JBL opened at $363.84 on Friday. Jabil, Inc. has a 1-year low of $164.69 and a 1-year high of $381.94. The firm has a market capitalization of $38.38 billion, a PE ratio of 48.84, a PEG ratio of 1.89 and a beta of 1.29. The business’s 50 day moving average is $318.86 and its 200-day moving average is $265.03. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50.

Jabil (NYSE:JBL) last announced its quarterly earnings data 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. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The company had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter last year, the firm earned $1.94 EPS. Jabil’s revenue for the quarter was up 23.1% compared to the same quarter last year. Sell-side analysts predict that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Dividend Announcement

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 given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, May 15th. Jabil’s dividend payout ratio (DPR) is 4.30%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on JBL shares. Bank of America increased their price objective on Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a report on Monday, April 20th. 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, May 21st. 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 lowered Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and a consensus target price of $303.38.

Insider Buying and Selling at Jabil

In related news, Director Anousheh Ansari sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the transaction, the director owned 31,800 shares in the company, valued at $9,540,000. This trade represents a 5.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven D. Borges sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $290.00, for a total value of $2,030,000.00. Following the transaction, the executive vice president owned 76,524 shares of the company’s stock, valued at $22,191,960. This trade represents a 8.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,981 shares of company stock worth $11,360,740 over the last three months. 1.35% of the stock is currently owned by insiders.

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.