Pictet Asset Management Holding SA Sells 1,567 Shares of Jabil, Inc. $JBL

Pictet Asset Management Holding SA decreased its position in shares of Jabil, Inc. (NYSE:JBL) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,474 shares of the technology company’s stock after selling 1,567 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Jabil were worth $12,427,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC increased its holdings in shares of Jabil by 250.0% during the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock valued at $30,000 after acquiring an additional 100 shares in the last quarter. First Horizon Corp bought a new stake in shares of Jabil during the third quarter valued at approximately $30,000. Veracity Capital LLC increased its holdings in shares of Jabil by 4,144.3% during the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock valued at $31,000 after acquiring an additional 3,647 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Jabil during the third quarter valued at approximately $43,000. Finally, Rothschild Investment LLC increased its holdings in shares of Jabil by 51.1% during the third quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock valued at $46,000 after acquiring an additional 72 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Performance

Shares of Jabil stock opened at $342.50 on Friday. The business’s fifty day simple moving average is $281.97 and its 200 day simple moving average is $245.53. The firm has a market capitalization of $36.13 billion, a P/E ratio of 45.97, a price-to-earnings-growth ratio of 1.75 and a beta of 1.29. Jabil, Inc. has a 12 month low of $146.88 and a 12 month high of $349.62. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. The business had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.Jabil’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the company posted $1.94 earnings per share. As a group, analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, May 15th. Jabil’s dividend payout ratio (DPR) is 4.30%.

Insider Buying and Selling at Jabil

In related news, SVP May Yee Yap sold 1,634 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total value of $501,213.16. Following the transaction, the senior vice president owned 23,787 shares in the company, valued at approximately $7,296,424.38. This represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew Priestley sold 3,169 shares of the firm’s 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 sale, the executive vice president directly owned 57,098 shares of the company’s stock, valued at $18,842,340. This represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,403 shares of company stock valued at $11,123,611 in the last ninety days. 1.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JBL. Wall Street Zen cut Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Stifel Nicolaus lifted their target price on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Barclays lifted their target price on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Zacks Research raised Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. lifted their target price on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $290.63.

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.