Jabil, Inc. $JBL Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its holdings in shares of Jabil, Inc. (NYSE:JBL) by 7.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 35,437 shares of the technology company’s stock after acquiring an additional 2,602 shares during the period. Crossmark Global Holdings Inc.’s holdings in Jabil were worth $8,080,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in shares of Jabil during the 4th quarter valued at approximately $50,000. MGO One Seven LLC increased its stake in shares of Jabil by 24.4% in the 4th quarter. MGO One Seven LLC now owns 1,509 shares of the technology company’s stock worth $344,000 after acquiring an additional 296 shares during the last quarter. Crestwood Advisors Group LLC acquired a new stake in shares of Jabil in the 4th quarter worth $324,000. Sequoia Financial Advisors LLC increased its stake in shares of Jabil by 45.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,085 shares of the technology company’s stock worth $1,844,000 after acquiring an additional 2,512 shares during the last quarter. Finally, Gateway Investment Advisers LLC increased its stake in shares of Jabil by 150.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 4,515 shares of the technology company’s stock worth $1,030,000 after acquiring an additional 2,711 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on JBL shares. JPMorgan Chase & Co. raised their price objective on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Zacks Research raised Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Wall Street Zen cut Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. 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. Finally, Robert W. Baird raised their target price on Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $290.63.

Insider Transactions at Jabil

In other Jabil news, SVP May Yee Yap sold 1,634 shares of the business’s stock in a transaction 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 approximately $7,296,424.38. The trade was a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew Priestley sold 3,169 shares of the business’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $330.00, for a total value of $1,045,770.00. Following the sale, the executive vice president owned 57,098 shares in the company, valued at approximately $18,842,340. The trade was a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 37,981 shares of company stock valued at $11,360,740. 1.35% of the stock is owned by company insiders.

Jabil Stock Performance

Shares of JBL opened at $354.99 on Friday. The stock has a 50-day simple moving average of $287.17 and a 200-day simple moving average of $249.22. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The stock has a market capitalization of $37.45 billion, a PE ratio of 47.65, a PEG ratio of 1.84 and a beta of 1.29. Jabil, Inc. has a 1 year low of $153.06 and a 1 year high of $372.37.

Jabil (NYSE:JBL) last posted its earnings results 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. The firm had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 earnings per share. On average, analysts predict that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s payout ratio is 4.30%.

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.