United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Grows Stock Holdings in Jabil, Inc. $JBL

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its stake in shares of Jabil, Inc. (NYSE:JBL) by 773.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 75,976 shares of the technology company’s stock after acquiring an additional 67,276 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Jabil were worth $17,324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Savant Capital LLC grew its holdings in shares of Jabil by 0.9% during the third quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock worth $1,266,000 after buying an additional 54 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Jabil by 1.9% during the third quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock worth $630,000 after buying an additional 54 shares during the last quarter. Measured Wealth Private Client Group LLC grew its holdings in shares of Jabil by 2.1% during the third quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company’s stock worth $613,000 after buying an additional 59 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Jabil by 2.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company’s stock valued at $483,000 after purchasing an additional 60 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Jabil by 8.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 752 shares of the technology company’s stock valued at $171,000 after purchasing an additional 61 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Trading Down 2.1%

Shares of Jabil stock opened at $363.42 on Friday. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. Jabil, Inc. has a 1 year low of $164.69 and a 1 year high of $381.94. The company has a market capitalization of $38.34 billion, a P/E ratio of 48.78, a P/E/G ratio of 1.93 and a beta of 1.29. The business has a 50 day moving average price of $316.75 and a 200 day moving average price of $264.33.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.18. The firm had revenue of $8.28 billion during 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 company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 EPS. Sell-side analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JBL. Wall Street Zen downgraded shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Barclays raised their price objective on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Bank of America raised their price objective on shares of Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Stifel Nicolaus raised their price objective on shares of Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. One investment 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. Based on data from MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.38.

Insider Buying and Selling

In other Jabil news, EVP Steven D. Borges sold 7,000 shares of the business’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $290.00, for a total value of $2,030,000.00. Following the completion of the transaction, the executive vice president directly owned 76,524 shares in the company, valued at approximately $22,191,960. The trade was a 8.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew Priestley sold 4,000 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $301.00, for a total value of $1,204,000.00. Following the completion of the transaction, the executive vice president owned 60,267 shares of the company’s stock, valued at $18,140,367. This trade represents a 6.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders 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 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.