National Pension Service Acquires 191,956 Shares of Jabil, Inc. $JBL

National Pension Service lifted its stake in shares of Jabil, Inc. (NYSE:JBL) by 582.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 224,903 shares of the technology company’s stock after purchasing an additional 191,956 shares during the quarter. National Pension Service’s holdings in Jabil were worth $51,282,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of JBL. Veracity Capital LLC increased its holdings in shares of Jabil by 4,144.3% during the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after buying an additional 3,647 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Jabil during the fourth quarter worth $42,000. Banque Cantonale Vaudoise acquired a new position in shares of Jabil during the third quarter worth $43,000. Rothschild Investment LLC increased its holdings in shares of Jabil by 51.1% during the third quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock worth $46,000 after buying an additional 72 shares in the last quarter. Finally, Caitlin John LLC acquired a new position in shares of Jabil during the third quarter worth $47,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Price Performance

JBL stock opened at $363.84 on Friday. The stock has a market capitalization of $38.38 billion, a PE ratio of 48.84, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. The company’s 50-day moving average is $318.86 and its 200-day moving average is $265.03. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. Jabil, Inc. has a 1 year low of $164.69 and a 1 year high of $381.94.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. The company had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The business’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 EPS. Equities research analysts expect that Jabil, Inc. will post 11.3 EPS 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 given a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 4.30%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Robert W. Baird upped their price target on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Barclays upped their price target on shares of Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Bank of America raised their target price on Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Jabil presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.38.

Insiders Place Their Bets

In related news, CEO Michael Dastoor sold 9,467 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $286.64, for a total value of $2,713,620.88. Following the transaction, the chief executive officer owned 253,099 shares of the company’s stock, valued at approximately $72,548,297.36. This trade represents a 3.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP May Yee Yap sold 1,634 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $306.74, for a total transaction of $501,213.16. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders have sold 37,981 shares of company stock worth $11,360,740 in the last 90 days. Company insiders own 1.35% of the company’s stock.

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.