Meeder Advisory Services Inc. purchased a new stake in Jabil, Inc. (NYSE:JBL – Free Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 2,067 shares of the technology company’s stock, valued at approximately $797,000.
Several other large investors have also modified their holdings of JBL. Todd Asset Management LLC increased its position in Jabil by 1.9% during the fourth quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock worth $76,696,000 after buying an additional 6,179 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Jabil in the fourth quarter valued at $7,061,000. Jackson Creek Investment Advisors LLC lifted its position in shares of Jabil by 386.2% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 11,290 shares of the technology company’s stock valued at $2,574,000 after acquiring an additional 8,968 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Jabil during the first quarter valued at $1,333,000. Finally, Allstate Corp boosted its stake in shares of Jabil by 98.0% during the fourth quarter. Allstate Corp now owns 7,959 shares of the technology company’s stock valued at $1,815,000 after acquiring an additional 3,939 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.
Jabil Trading Down 4.9%
NYSE JBL opened at $322.10 on Thursday. The company has a market cap of $33.75 billion, a P/E ratio of 40.21, a P/E/G ratio of 1.01 and a beta of 1.30. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93. 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 has a 50-day moving average of $342.93 and a 200-day moving average of $314.87.
Jabil Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th. Jabil’s dividend payout ratio (DPR) is 4.00%.
Insider Buying and Selling at Jabil
In related news, EVP Matthew Crowley sold 94 shares of Jabil 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 transaction, the executive vice president owned 57,536 shares in the company, valued at approximately $19,849,920. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.35% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on JBL. The Goldman Sachs Group boosted their target price on shares of Jabil from $384.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Barclays raised their price target on shares of Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a research note on Thursday, June 18th. Zacks Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday. Raymond James Financial upped their price objective on shares of Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a research note on Thursday, June 18th. Finally, Robert W. Baird lifted their target price on shares of Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target 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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