Truist Financial Corp Trims Stake in Jabil, Inc. $JBL

Truist Financial Corp lowered its holdings in Jabil, Inc. (NYSE:JBL) by 54.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 17,268 shares of the technology company’s stock after selling 20,505 shares during the quarter. Truist Financial Corp’s holdings in Jabil were worth $3,938,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Jabil by 1,157.8% during the third 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. Massachusetts Financial Services Co. MA bought a new stake in Jabil during the fourth quarter valued at approximately $121,710,000. Allianz Asset Management GmbH lifted its position in Jabil by 180.1% during the third quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock valued at $164,686,000 after purchasing an additional 487,595 shares during the last quarter. M&T Bank Corp grew 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 buying an additional 337,090 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Jabil by 125.4% in the 3rd quarter. Barclays PLC now owns 588,155 shares of the technology company’s stock worth $127,730,000 after buying an additional 327,238 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

JBL has been the subject of several research reports. Robert W. Baird upped their target price on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. The Goldman Sachs Group reissued a “buy” rating and set a $282.00 price objective on shares of Jabil in a research report on Thursday, January 15th. Stifel Nicolaus upped their target price on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Wall Street Zen downgraded Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Finally, UBS Group lifted their price objective on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $290.63.

Insider Transactions at Jabil

In other news, EVP Steven D. Borges sold 5,126 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $317.51, for a total value of $1,627,556.26. Following the completion of the transaction, the executive vice president directly owned 71,398 shares of the company’s stock, valued at approximately $22,669,578.98. The trade was a 6.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anousheh Ansari sold 2,000 shares of Jabil stock in a transaction on Friday, April 10th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the transaction, the director directly owned 31,800 shares in the company, valued at $9,540,000. This represents a 5.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 37,981 shares of company stock worth $11,360,740. Insiders own 1.35% of the company’s stock.

Jabil Stock Up 2.9%

NYSE JBL opened at $365.28 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. Jabil, Inc. has a 52 week low of $159.46 and a 52 week high of $372.37. The company has a market capitalization of $38.54 billion, a P/E ratio of 49.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.29. The stock’s 50-day moving average price is $290.56 and its 200-day moving average price is $251.44.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.18. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The firm had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the prior year, the company posted $1.94 earnings per share. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, equities research analysts predict that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, May 15th. Jabil’s payout ratio is presently 4.30%.

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.