Jefferies Financial Group Inc. Invests $7.06 Million in Jabil, Inc. $JBL

Jefferies Financial Group Inc. bought a new position in shares of Jabil, Inc. (NYSE:JBL) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 30,965 shares of the technology company’s stock, valued at approximately $7,061,000.

A number of other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC increased its stake in shares of Jabil by 34.4% in the first quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock worth $382,000 after buying an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Jabil by 70.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock worth $2,493,000 after buying an additional 7,602 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Jabil by 20.0% in the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock worth $676,000 after buying an additional 829 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Jabil by 50.0% in the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock worth $79,000 after buying an additional 194 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Jabil in the second quarter worth $488,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jabil

In other Jabil news, SVP Gary K. Schick sold 1,000 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $340.00, for a total transaction of $340,000.00. Following the completion of the sale, the senior vice president directly owned 39,843 shares of the company’s stock, valued at approximately $13,546,620. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Priestley sold 3,169 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $330.00, for a total transaction 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 trade represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 37,981 shares of company stock valued at $11,360,740. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JBL. Robert W. Baird lifted their price target on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Bank of America boosted their target price on shares of Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. boosted their target price on shares of Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Weiss Ratings lowered shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Finally, Zacks Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $303.38.

Jabil Stock Performance

Shares of JBL opened at $364.22 on Tuesday. The firm has a 50-day moving average price of $309.89 and a 200 day moving average price of $261.04. The firm has a market capitalization of $38.43 billion, a PE ratio of 48.89, a P/E/G ratio of 1.89 and a beta of 1.29. 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 $161.52 and a 52-week high of $372.37.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $7.75 billion. During the same quarter in the prior year, the firm posted $1.94 EPS. Jabil’s revenue was up 23.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

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.