TD Asset Management Inc Sells 2,808 Shares of Jabil, Inc. $JBL

TD Asset Management Inc cut its holdings in Jabil, Inc. (NYSE:JBL) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 140,886 shares of the technology company’s stock after selling 2,808 shares during the period. TD Asset Management Inc owned about 0.13% of Jabil worth $32,125,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Savant Capital LLC increased its holdings in shares of Jabil by 0.9% in the 3rd quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock worth $1,266,000 after buying an additional 54 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Jabil by 1.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock worth $630,000 after buying an additional 54 shares during the last quarter. Measured Wealth Private Client Group LLC increased its holdings in shares of Jabil by 2.1% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company’s stock worth $613,000 after buying an additional 59 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Jabil by 2.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company’s stock worth $483,000 after buying an additional 60 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Jabil by 8.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 752 shares of the technology company’s stock worth $171,000 after buying an additional 61 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on JBL shares. Robert W. Baird upped their price target on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. upped their price target on shares of Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. UBS Group upped their price target on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. Barclays upped their price target on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a report on Wednesday, March 18th. Finally, Weiss Ratings downgraded shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $303.38.

Insider Transactions at Jabil

In other news, SVP Gary K. Schick sold 1,000 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $340.00, for a total value of $340,000.00. Following the sale, the senior vice president owned 39,843 shares in the company, valued at $13,546,620. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven D. Borges sold 5,126 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $317.51, for a total transaction of $1,627,556.26. Following the completion of the sale, the executive vice president owned 71,398 shares in the company, valued at $22,669,578.98. The trade was a 6.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 37,981 shares of company stock valued at $11,360,740. 1.35% of the stock is owned by corporate insiders.

Jabil Trading Down 5.6%

Shares of Jabil stock opened at $353.05 on Friday. 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, Inc. has a 12-month low of $174.00 and a 12-month high of $384.70. The firm has a market capitalization of $37.25 billion, a price-to-earnings ratio of 47.39, a PEG ratio of 1.83 and a beta of 1.28. The firm’s 50 day simple moving average is $328.74 and its two-hundred day simple moving average is $270.56.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The business had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the prior year, the business posted $1.94 EPS. Jabil’s revenue for the quarter was up 23.1% compared to the same quarter last year. Analysts predict that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Dividend Announcement

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

About Jabil

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.