Jabil, Inc. (NYSE:JBL – Get Free Report) declared a quarterly dividend on Thursday, January 22nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.08 per share by the technology company on Tuesday, March 3rd. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Tuesday, February 17th.
Jabil has a dividend payout ratio of 3.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Jabil to earn $9.57 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.3%.
Jabil Stock Down 0.5%
JBL stock traded down $1.15 during midday trading on Friday, reaching $243.55. 178,924 shares of the company’s stock traded hands, compared to its average volume of 1,157,487. The company has a quick ratio of 0.67, a current ratio of 0.99 and a debt-to-equity ratio of 1.77. The firm’s fifty day moving average price is $223.79 and its 200-day moving average price is $217.85. Jabil has a 52 week low of $108.66 and a 52 week high of $258.05. The company has a market cap of $25.72 billion, a price-to-earnings ratio of 37.99, a P/E/G ratio of 1.62 and a beta of 1.25.
Insider Transactions at Jabil
In other news, EVP Steven D. Borges sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $235.00, for a total transaction of $2,350,000.00. Following the completion of the sale, the executive vice president owned 90,524 shares in the company, valued at $21,273,140. This represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory B. Hebard sold 6,086 shares of the business’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $213.54, for a total transaction of $1,299,604.44. Following the sale, the chief financial officer owned 58,526 shares in the company, valued at $12,497,642.04. The trade was a 9.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 204,757 shares of company stock valued at $46,869,301 over the last three months. 1.35% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Jabil
Several large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Jabil during the second quarter worth approximately $323,338,000. Arrowstreet Capital Limited Partnership increased its stake in Jabil by 1,157.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock worth $315,964,000 after purchasing an additional 1,339,247 shares in the last quarter. Boston Partners grew its holdings in shares of Jabil by 224.4% during the second quarter. Boston Partners now owns 1,898,681 shares of the technology company’s stock worth $414,119,000 after buying an additional 1,313,338 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Jabil by 107.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,319,675 shares of the technology company’s stock valued at $286,594,000 after purchasing an additional 682,899 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in Jabil during the 4th quarter worth about $121,710,000. 93.39% of the stock is currently owned by institutional investors.
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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