Calamos Advisors LLC purchased a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 3,563 shares of the technology company’s stock, valued at approximately $946,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its position in Jabil by 34.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock worth $382,000 after acquiring an additional 720 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Jabil by 70.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock worth $2,493,000 after purchasing an additional 7,602 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Jabil by 20.0% during the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock valued at $676,000 after purchasing an additional 829 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Jabil by 50.0% during the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock valued at $79,000 after purchasing an additional 194 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Jabil during the second quarter valued at about $488,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.
Jabil Stock Performance
Shares of JBL opened at $306.66 on Friday. 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 firm’s 50 day moving average is $356.98 and its 200-day moving average is $299.34. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93. The stock has a market capitalization of $32.13 billion, a P/E ratio of 38.28, a P/E/G ratio of 0.96 and a beta of 1.28.
Jabil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, August 14th. Jabil’s dividend payout ratio is 4.00%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Jabil from $384.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Stifel Nicolaus set a $460.00 price target on shares of Jabil and gave the stock a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings raised shares of Jabil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. increased their price objective on shares of Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Finally, Zacks Research upgraded shares of Jabil from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Jabil currently has an average rating of “Buy” and a consensus target price of $453.67.
Check Out Our Latest Stock Analysis on JBL
Insider Transactions at Jabil
In other news, SVP Gary K. Schick sold 1,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $340.00, for a total transaction of $340,000.00. Following the completion of the sale, the senior vice president directly owned 39,843 shares of the company’s stock, valued at $13,546,620. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andrew Priestley sold 3,169 shares of Jabil 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 completion of the transaction, the executive vice president owned 57,098 shares in the company, valued at $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. Insiders sold a total of 4,263 shares of company stock valued at $1,418,200 in the last three months. 1.35% of the stock is currently owned by corporate insiders.
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.
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