OMERS ADMINISTRATION Corp lifted its stake in Jabil, Inc. (NYSE:JBL – Free Report) by 15.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,888 shares of the technology company’s stock after acquiring an additional 2,134 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Jabil were worth $4,220,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in JBL. Norges Bank acquired a new position in shares of Jabil during the 4th quarter worth about $407,299,000. JPMorgan Chase & Co. increased its stake in shares of Jabil by 45.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock worth $429,714,000 after purchasing an additional 591,364 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Jabil during the fourth quarter worth $121,710,000. M&T Bank Corp raised its stake in Jabil by 2,833.4% in the 4th quarter. M&T Bank Corp now owns 348,987 shares of the technology company’s stock worth $79,576,000 after purchasing an additional 337,090 shares in the last quarter. Finally, Amundi boosted its stake in shares of Jabil by 55.3% in the third quarter. Amundi now owns 704,246 shares of the technology company’s stock valued at $142,399,000 after buying an additional 250,626 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.
Jabil Price Performance
JBL stock opened at $311.22 on Tuesday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.66 and a current ratio of 0.98. The business has a 50-day simple moving average of $351.60 and a two-hundred day simple moving average of $303.43. The company has a market capitalization of $32.61 billion, a P/E ratio of 38.85, a price-to-earnings-growth ratio of 0.94 and a beta of 1.28. Jabil, Inc. has a 52-week low of $189.60 and a 52-week high of $428.93.
Jabil Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th. Jabil’s dividend payout ratio is presently 4.00%.
Insider Activity
In other Jabil news, SVP Gary K. Schick sold 1,000 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $340.00, for a total value of $340,000.00. Following the completion of the sale, the senior vice president owned 39,843 shares in the company, valued at approximately $13,546,620. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $345.00, for a total transaction of $32,430.00. Following the transaction, the executive vice president directly owned 57,536 shares in the company, valued at approximately $19,849,920. This represents a 0.16% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.35% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Weiss Ratings raised shares of Jabil from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. lifted their price target on Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Raymond James Financial increased their price objective on Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a report on Thursday, June 18th. The Goldman Sachs Group raised their price target on shares of Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Finally, UBS Group boosted their price objective on Jabil from $380.00 to $430.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $453.67.
Check Out Our Latest Stock Analysis on Jabil
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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