Dimensional Fund Advisors LP reduced its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 4.5% in the first quarter, HoldingsChannel.com reports. The fund owned 1,314,050 shares of the technology company’s stock after selling 62,123 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Jabil were worth $348,902,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in Jabil by 3.2% during the first quarter. Parallel Advisors LLC now owns 4,096 shares of the technology company’s stock valued at $1,088,000 after purchasing an additional 126 shares in the last quarter. SEB Asset Management AB purchased a new position in shares of Jabil in the 1st quarter worth about $11,650,000. Swiss National Bank boosted its holdings in shares of Jabil by 5.4% in the 1st quarter. Swiss National Bank now owns 309,900 shares of the technology company’s stock worth $82,319,000 after purchasing an additional 15,800 shares in the last quarter. Hanseatic Management Services Inc. bought a new position in shares of Jabil during the 1st quarter valued at about $1,505,000. Finally, SPX Gestao de Recursos Ltda bought a new position in shares of Jabil during the 1st quarter valued at about $1,063,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
Jabil Trading Up 4.3%
NYSE JBL opened at $319.17 on Wednesday. The firm has a market cap of $33.45 billion, a PE ratio of 39.85, a price-to-earnings-growth ratio of 0.92 and a beta of 1.28. Jabil, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93. The stock has a 50-day moving average of $354.08 and a 200-day moving average of $300.98. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17.
Jabil Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be issued a $0.08 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is currently 4.00%.
Analysts Set New Price Targets
A number of analysts recently weighed in on JBL shares. Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Robert W. Baird lifted their price target on shares of Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Bank of America restated a “buy” rating and issued a $470.00 price objective on shares of Jabil in a report on Thursday, June 18th. Argus set a $475.00 price objective on shares of Jabil in a research note on Thursday, June 18th. Finally, Barclays increased their target price on shares of Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $453.67.
View Our Latest Research Report on JBL
Insider Buying and Selling at Jabil
In related news, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction on Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the transaction, the executive vice president directly owned 57,536 shares of the company’s stock, valued at $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Gary K. Schick sold 1,000 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $340.00, for a total transaction of $340,000.00. Following the sale, the senior vice president owned 39,843 shares of the company’s stock, valued at $13,546,620. This represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.35% of the stock is 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.
Featured Articles
- Five stocks we like better than Jabil
- Confidence Is Back, But Earnings Show the Consumer Is Being Picky
- AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off
- 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative?
- 3 Photonics Companies Making Quantum Tech Possible
Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil, Inc. (NYSE:JBL – Free Report).
Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.
