R Squared Ltd bought a new position in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,022 shares of the technology company’s stock, valued at approximately $656,000.
Several other hedge funds and other institutional investors also recently modified their holdings of JBL. DNB Asset Management AS lifted its position in shares of Jabil by 0.9% during the 3rd quarter. DNB Asset Management AS now owns 20,508 shares of the technology company’s stock worth $4,454,000 after buying an additional 175 shares during the last quarter. Choreo LLC raised its stake in Jabil by 2.2% during the third quarter. Choreo LLC now owns 4,079 shares of the technology company’s stock worth $886,000 after acquiring an additional 87 shares in the last quarter. Interchange Capital Partners LLC bought a new position in shares of Jabil in the third quarter worth about $348,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Jabil by 1.9% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 212,379 shares of the technology company’s stock valued at $46,122,000 after purchasing an additional 4,029 shares in the last quarter. Finally, AlphaCore Capital LLC boosted its stake in shares of Jabil by 6.1% in the 3rd quarter. AlphaCore Capital LLC now owns 3,463 shares of the technology company’s stock valued at $752,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.
Jabil Stock Performance
Shares of Jabil stock opened at $272.80 on Friday. The stock has a market cap of $28.81 billion, a price-to-earnings ratio of 42.43, a P/E/G ratio of 1.77 and a beta of 1.24. Jabil, Inc. has a twelve month low of $108.66 and a twelve month high of $281.37. The company’s fifty day moving average is $244.91 and its 200 day moving average is $223.38. The company has a quick ratio of 0.67, a current ratio of 0.99 and a debt-to-equity ratio of 1.77.
Jabil Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio is presently 4.98%.
Insiders Place Their Bets
In other news, Chairman Mark T. Mondello sold 17,200 shares of the company’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $250.00, for a total value of $4,300,000.00. Following the sale, the chairman directly owned 1,111,459 shares of the company’s stock, valued at approximately $277,864,750. This represents a 1.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anousheh Ansari sold 500 shares of Jabil stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $252.00, for a total transaction of $126,000.00. Following the transaction, the director directly owned 33,900 shares of the company’s stock, valued at $8,542,800. This represents a 1.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 181,529 shares of company stock valued at $42,145,485 over the last three months. Insiders own 1.35% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on JBL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Jabil in a research report on Friday, January 9th. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Monday. Raymond James Financial reiterated a “strong-buy” rating on shares of Jabil in a research note on Thursday, December 18th. Bank of America set a $265.00 price objective on Jabil in a research report on Thursday, December 18th. Finally, UBS Group increased their target price on Jabil from $239.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $264.14.
Read Our Latest Stock Report on JBL
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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