Royce & Associates LP Reduces Position in Jabil, Inc. $JBL

Royce & Associates LP lessened its holdings in shares of Jabil, Inc. (NYSE:JBL) by 32.7% in the 4th quarter, Holdings Channel reports. The fund owned 25,474 shares of the technology company’s stock after selling 12,391 shares during the quarter. Royce & Associates LP’s holdings in Jabil were worth $5,809,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC purchased a new stake in Jabil during the 4th quarter valued at about $69,000. Kestra Investment Management LLC grew its stake in Jabil by 3.1% during the 4th quarter. Kestra Investment Management LLC now owns 4,661 shares of the technology company’s stock valued at $1,063,000 after acquiring an additional 139 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in Jabil during the 4th quarter valued at about $133,000. Allstate Corp grew its stake in Jabil by 98.0% during the 4th quarter. Allstate Corp now owns 7,959 shares of the technology company’s stock valued at $1,815,000 after acquiring an additional 3,939 shares in the last quarter. Finally, Optimize Financial Inc grew its stake in Jabil by 1.4% during the 4th quarter. Optimize Financial Inc now owns 6,649 shares of the technology company’s stock valued at $1,516,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Stock Performance

NYSE:JBL opened at $363.84 on Friday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The stock has a market capitalization of $38.38 billion, a P/E ratio of 48.84, a PEG ratio of 1.89 and a beta of 1.29. The company has a 50 day moving average price of $318.86 and a 200 day moving average price of $265.03. Jabil, Inc. has a fifty-two week low of $164.69 and a fifty-two week high of $381.94.

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

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be given 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 dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 4.30%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JBL. JPMorgan Chase & Co. upped their price objective 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. Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings cut shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Finally, Barclays increased their price target on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Jabil presently has an average rating of “Moderate Buy” and a consensus target price of $303.38.

Insider Activity

In related news, SVP May Yee Yap sold 1,634 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $306.74, for a total transaction of $501,213.16. Following the completion of the transaction, the senior vice president owned 23,787 shares of the company’s stock, valued at approximately $7,296,424.38. This trade represents a 6.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Steven D. Borges sold 7,000 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $290.00, for a total transaction of $2,030,000.00. Following the transaction, the executive vice president directly owned 76,524 shares of the company’s stock, valued at $22,191,960. The trade was a 8.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,981 shares of company stock worth $11,360,740 in the last three months. 1.35% of the stock is currently owned by corporate insiders.

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.