11,171 Shares in Jabil, Inc. $JBL Bought by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. purchased a new position in shares of Jabil, Inc. (NYSE:JBL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,171 shares of the technology company’s stock, valued at approximately $2,547,000.

A number of other institutional investors have also recently added to or reduced their stakes in JBL. Greenline Wealth Management LLC purchased a new stake in Jabil during the 4th quarter worth $28,000. Veracity Capital LLC boosted its position in Jabil by 4,144.3% in the 4th quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock valued at $31,000 after buying an additional 3,647 shares during the last quarter. Virtus Advisers LLC purchased a new position in Jabil in the 4th quarter valued at about $32,000. Wilkerson Advisory Group LLC purchased a new position in Jabil in the 4th quarter valued at about $34,000. Finally, Leonteq Securities AG purchased a new position in Jabil in the 4th quarter valued at about $42,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Performance

Shares of JBL stock opened at $384.64 on Friday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. Jabil, Inc. has a one year low of $175.08 and a one year high of $386.64. The company’s 50-day simple moving average is $339.33 and its 200-day simple moving average is $276.51. The stock has a market capitalization of $40.58 billion, a price-to-earnings ratio of 51.63, a PEG ratio of 2.00 and a beta of 1.28.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $7.75 billion. During the same quarter last year, the company posted $1.94 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. Equities analysts anticipate that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 4.30%.

Insider Buying and Selling at Jabil

In other news, EVP Steven D. Borges sold 7,000 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $290.00, for a total transaction of $2,030,000.00. Following the transaction, the executive vice president owned 76,524 shares of the company’s stock, valued at approximately $22,191,960. This trade represents a 8.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP May Yee Yap sold 1,634 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $306.74, for a total transaction of $501,213.16. Following the transaction, the senior vice president directly owned 23,787 shares in the company, valued at $7,296,424.38. The trade was a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 37,981 shares of company stock valued at $11,360,740. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JBL. Bank of America upped their price objective on shares of Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Robert W. Baird upped their price objective on shares of Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. Weiss Ratings cut shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Raymond James Financial reissued a “strong-buy” rating and issued a $425.00 price objective on shares of Jabil in a research report on Wednesday. Finally, Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $339.75.

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.