Arbejdsmarkedets Tillaegspension Invests $23.25 Million in Jabil, Inc. $JBL

Arbejdsmarkedets Tillaegspension acquired a new position in Jabil, Inc. (NYSE:JBL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 101,973 shares of the technology company’s stock, valued at approximately $23,252,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its holdings in shares of Jabil by 1,157.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock valued at $315,964,000 after buying an additional 1,339,247 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Jabil in the 4th quarter worth $121,710,000. Allianz Asset Management GmbH lifted its stake 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. M&T Bank Corp lifted its holdings in Jabil by 2,833.4% in the 4th quarter. M&T Bank Corp now owns 348,987 shares of the technology company’s stock worth $79,576,000 after buying an additional 337,090 shares in the last quarter. Finally, Barclays PLC raised its holdings in Jabil by 125.4% in the third quarter. Barclays PLC now owns 588,155 shares of the technology company’s stock valued at $127,730,000 after acquiring an additional 327,238 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jabil

In related news, SVP Gary K. Schick sold 1,000 shares of the 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 transaction, the senior vice president owned 39,843 shares in the company, 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 can be accessed through this link. Also, EVP Steven D. Borges sold 5,126 shares of Jabil stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $317.51, for a total transaction of $1,627,556.26. Following the completion of the sale, the executive vice president directly owned 71,398 shares in the company, valued at approximately $22,669,578.98. This represents a 6.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,981 shares of company stock valued at $11,360,740 in the last three months. Insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

JBL has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Weiss Ratings downgraded shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Robert W. Baird upped their target price on Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. Finally, JPMorgan Chase & Co. boosted their price target on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $290.63.

Jabil Stock Down 4.2%

JBL stock opened at $339.52 on Friday. The stock’s 50 day simple moving average is $297.85 and its 200 day simple moving average is $255.15. The company has a market cap of $35.82 billion, a P/E ratio of 45.57, a price-to-earnings-growth ratio of 1.84 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 $161.52 and a fifty-two week high of $372.37.

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

Jabil Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 0.1%. Jabil’s payout ratio is presently 4.30%.

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.