Maytus Capital Management LLC Takes $7.98 Million Position in Jabil, Inc. $JBL

Maytus Capital Management LLC acquired a new stake in shares of Jabil, Inc. (NYSE:JBLFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 35,000 shares of the technology company’s stock, valued at approximately $7,981,000. Jabil makes up about 1.9% of Maytus Capital Management LLC’s portfolio, making the stock its 16th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Greenline Wealth Management LLC bought a new stake in Jabil during the 4th quarter worth approximately $28,000. Veracity Capital LLC lifted its holdings in shares of 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 in the last quarter. Virtus Advisers LLC bought a new position in shares of Jabil in the fourth quarter valued at approximately $32,000. Wilkerson Advisory Group LLC bought a new position in shares of Jabil in the fourth quarter valued at approximately $34,000. Finally, Leonteq Securities AG bought a new position in shares of Jabil in the fourth quarter valued at approximately $42,000. 93.39% of the stock is owned by institutional investors.

Trending Headlines about Jabil

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Jabil Stock Down 2.4%

JBL opened at $376.40 on Wednesday. The company has a 50 day moving average of $343.79 and a 200 day moving average of $279.53. The company has a market cap of $39.71 billion, a PE ratio of 50.52, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. Jabil, Inc. has a 12 month low of $185.00 and a 12 month high of $398.89. 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:JBLGet Free Report) last released its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.51 by $0.18. The company had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. Jabil’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period last year, the firm earned $1.94 EPS. On average, sell-side analysts expect that Jabil, Inc. will post 11.37 EPS for the current year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio (DPR) is 4.30%.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of recent research reports. Bank of America raised their target price on Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a report on Monday, April 20th. Stifel Nicolaus boosted their target price on shares of Jabil from $290.00 to $430.00 and gave the company a “buy” rating in a research note on Monday. Raymond James Financial reiterated a “strong-buy” rating and issued a $425.00 target price on shares of Jabil in a research note on Wednesday, June 10th. Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Robert W. Baird boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Jabil has a consensus rating of “Moderate Buy” and an average price target of $357.25.

Get Our Latest Report on Jabil

Insider Buying and Selling

In related news, Director Anousheh Ansari sold 2,000 shares of the company’s stock in a transaction that occurred 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP May Yee Yap sold 1,634 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was 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 disclosure for this sale is available in the SEC filing. Insiders sold 37,981 shares of company stock worth $11,360,740 in the last 90 days. 1.35% of the stock is currently owned by company insiders.

About Jabil

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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