Jabil, Inc. $JBL Shares Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC raised its holdings in shares of Jabil, Inc. (NYSE:JBL) by 57.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,919 shares of the technology company’s stock after buying an additional 1,799 shares during the period. Impact Partnership Wealth LLC’s holdings in Jabil were worth $1,122,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in JBL. Norges Bank acquired a new position in shares of Jabil during the fourth quarter worth $407,299,000. Arrowstreet Capital Limited Partnership increased its position 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 acquired a new position in shares of Jabil during the fourth quarter worth $121,710,000. Allianz Asset Management GmbH increased its position in shares of Jabil by 180.1% during the third quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock worth $164,686,000 after purchasing an additional 487,595 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Jabil by 2,833.4% during the fourth quarter. M&T Bank Corp now owns 348,987 shares of the technology company’s stock worth $79,576,000 after purchasing an additional 337,090 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Price Performance

Shares of JBL opened at $363.84 on Friday. The business’s 50-day moving average is $318.86 and its two-hundred day moving average is $265.03. The company has a market capitalization of $38.39 billion, a P/E ratio of 48.84, a P/E/G ratio of 1.89 and a beta of 1.29. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. Jabil, Inc. has a fifty-two week low of $164.69 and a fifty-two week high of $381.94.

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

Jabil Dividend Announcement

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

Insider Activity at Jabil

In other Jabil news, EVP Andrew Priestley sold 3,169 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 57,098 shares of the company’s stock, valued at approximately $18,842,340. This trade represents a 5.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven D. Borges sold 5,126 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 71,398 shares in the company, valued at $22,669,578.98. This represents a 6.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,981 shares of company stock worth $11,360,740 in the last three months. Company insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Bank of America upped their price target on Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Weiss Ratings downgraded Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. UBS Group upped their target price on Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. The Goldman Sachs Group upped their target price on Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, Barclays upped their target price on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $303.38.

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.