Banco BTG Pactual S.A. Buys Shares of 1,745 Jabil, Inc. $JBL

Banco BTG Pactual S.A. bought a new stake in shares of Jabil, Inc. (NYSE:JBL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,745 shares of the technology company’s stock, valued at approximately $398,000.

Several other large investors have also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. increased its stake 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 buying an additional 54 shares during the period. Measured Wealth Private Client Group LLC increased its stake 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 buying an additional 59 shares during the period. Tower Research Capital LLC TRC increased its stake 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 buying an additional 60 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake 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 buying an additional 61 shares during the period. Finally, Assetmark Inc. grew its stake in shares of Jabil by 40.4% in the 3rd quarter. Assetmark Inc. now owns 219 shares of the technology company’s stock worth $48,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Performance

Shares of JBL opened at $377.36 on Friday. The company’s 50 day moving average price is $337.08 and its 200 day moving average price is $275.75. Jabil, Inc. has a 52 week low of $175.08 and a 52 week high of $384.70. The company has a market capitalization of $39.81 billion, a PE ratio of 50.65, a PEG ratio of 1.83 and a beta of 1.28. 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, 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 in the previous year, the firm posted $1.94 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. Research analysts expect that Jabil, Inc. will post 11.3 EPS for the current fiscal 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 given 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 yield of 0.1%. Jabil’s payout ratio is presently 4.30%.

Analyst Upgrades and Downgrades

JBL has been the topic of several recent research reports. Bank of America lifted their price objective on shares of Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. lifted their price objective on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Robert W. Baird lifted their price objective on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Barclays lifted their price objective on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Finally, UBS Group lifted their price objective on shares of Jabil from $273.00 to $380.00 and gave the stock a “neutral” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $339.75.

Insider Activity

In related news, CEO Michael Dastoor sold 9,467 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $286.64, for a total transaction of $2,713,620.88. Following the transaction, the chief executive officer directly owned 253,099 shares of the company’s stock, valued at approximately $72,548,297.36. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Andrew Priestley sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $301.00, for a total transaction of $1,204,000.00. Following the transaction, the executive vice president directly owned 60,267 shares in the company, valued at $18,140,367. The trade was a 6.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,981 shares of company stock valued at $11,360,740 in the last three months. 1.35% of the stock is currently owned by 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.