TD Asset Management Inc grew its holdings in Jabil, Inc. (NYSE:JBL – Free Report) by 50.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 143,694 shares of the technology company’s stock after acquiring an additional 48,219 shares during the period. TD Asset Management Inc owned about 0.13% of Jabil worth $31,206,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the stock. True Wealth Design LLC boosted its position in shares of Jabil by 250.0% in the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after buying an additional 100 shares during the period. First Horizon Corp purchased a new position in Jabil in the 3rd quarter worth approximately $30,000. Traub Capital Management LLC purchased a new position in Jabil in the 2nd quarter worth approximately $33,000. Assetmark Inc. grew its position in Jabil by 45.8% in the second quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock valued at $34,000 after acquiring an additional 49 shares in the last quarter. Finally, Westside Investment Management Inc. raised its stake in shares of Jabil by 757.1% during the second quarter. Westside Investment Management Inc. now owns 180 shares of the technology company’s stock valued at $39,000 after purchasing an additional 159 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.
Jabil Stock Down 2.7%
JBL stock opened at $264.65 on Friday. The firm has a market cap of $27.95 billion, a price-to-earnings ratio of 41.16, a PEG ratio of 1.73 and a beta of 1.24. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $281.37. The firm has a fifty day moving average price of $245.67 and a two-hundred day moving average price of $223.67. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.99 and a quick ratio of 0.67.
Jabil Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Tuesday, February 17th. Jabil’s dividend payout ratio (DPR) is presently 4.98%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on JBL. UBS Group raised their price target on shares of Jabil from $239.00 to $244.00 and gave the company a “neutral” rating in a report on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research note on Friday, January 9th. JPMorgan Chase & Co. boosted their price target on Jabil from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Barclays raised their price objective on Jabil from $267.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Jabil in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $264.14.
Read Our Latest Stock Report on Jabil
Insider Activity
In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $225.32, for a total transaction of $11,266,000.00. Following the completion of the transaction, the chairman directly owned 1,171,459 shares of the company’s stock, valued at $263,953,141.88. The trade was a 4.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Steven D. Borges sold 10,000 shares of Jabil stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $235.00, for a total value of $2,350,000.00. Following the sale, the executive vice president directly owned 90,524 shares in the company, valued at approximately $21,273,140. This trade represents a 9.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 181,529 shares of company stock worth $42,145,485. 1.35% of the stock is owned by insiders.
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.
Featured Articles
- Five stocks we like better than Jabil
- 3 Signs You May Want to Switch Financial Advisors
- Unlocked: Elon Musk’s Next Big IPO
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
- 1,500 Banks Just Handed the Fed Your Bank Account
- The Man Who Predicted the iPhone Says Buy These 3 Companies
Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil, Inc. (NYSE:JBL – Free Report).
Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.
