EverSource Wealth Advisors LLC lifted its holdings in Jabil, Inc. (NYSE:JBL – Free Report) by 92.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 15,114 shares of the technology company’s stock after buying an additional 7,269 shares during the period. EverSource Wealth Advisors LLC’s holdings in Jabil were worth $4,015,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Greenline Wealth Management LLC acquired a new stake in Jabil during the fourth quarter worth approximately $28,000. Virtus Advisers LLC acquired a new position in Jabil in the fourth quarter valued at approximately $32,000. DV Equities LLC bought a new position in shares of Jabil during the 4th quarter worth approximately $34,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Jabil during the 4th quarter worth approximately $34,000. Finally, Leonteq Securities AG bought a new stake in shares of Jabil in the 4th quarter valued at $42,000. Institutional investors own 93.39% of the company’s stock.
Jabil Trading Down 5.2%
JBL opened at $287.27 on Thursday. Jabil, Inc. has a fifty-two week low of $189.60 and a fifty-two week high of $428.93. The firm has a market capitalization of $30.10 billion, a PE ratio of 35.86, a P/E/G ratio of 0.91 and a beta of 1.28. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66. The company’s 50-day moving average is $349.86 and its 200 day moving average is $304.44.
Jabil Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, August 14th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio is 4.00%.
Insider Buying and Selling
In related news, EVP Matthew Crowley sold 94 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $345.00, for a total value of $32,430.00. Following the completion of the sale, the executive vice president directly owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. This represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.35% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on JBL shares. Raymond James Financial raised their price target on shares of Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a report on Thursday, June 18th. Barclays boosted their target price on Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Wall Street Zen cut Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, UBS Group upped their target price on Jabil from $380.00 to $430.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $453.67.
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.
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