Legal & General Group Plc Buys 1,714 Shares of Jabil, Inc. $JBL

Legal & General Group Plc raised its stake in shares of Jabil, Inc. (NYSE:JBL) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 405,938 shares of the technology company’s stock after purchasing an additional 1,714 shares during the period. Legal & General Group Plc’s holdings in Jabil were worth $92,562,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Veracity Capital LLC grew its holdings in Jabil by 4,144.3% during the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock valued at $31,000 after purchasing an additional 3,647 shares during the period. Leonteq Securities AG bought a new position in shares of Jabil in the fourth quarter worth about $42,000. Banque Cantonale Vaudoise bought a new position in shares of Jabil in the third quarter worth about $43,000. Rothschild Investment LLC boosted its stake in shares of Jabil by 51.1% in the third quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock worth $46,000 after acquiring an additional 72 shares during the period. Finally, Caitlin John LLC bought a new position in shares of Jabil in the third quarter worth about $47,000. Institutional investors own 93.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on JBL shares. Bank of America upped their price objective on Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Robert W. Baird upped their price objective on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Stifel Nicolaus upped their price objective on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $303.38.

Insider Activity at Jabil

In related news, SVP May Yee Yap sold 1,634 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was 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 directly owned 23,787 shares of the company’s stock, valued at approximately $7,296,424.38. This represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew Priestley sold 4,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 60,267 shares of the company’s stock, valued at approximately $18,140,367. The trade was a 6.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 37,981 shares of company stock valued at $11,360,740 in the last 90 days. 1.35% of the stock is currently owned by insiders.

Jabil Price Performance

Shares of Jabil stock opened at $363.84 on Friday. The stock has a 50 day moving average of $318.86 and a 200 day moving average of $265.03. Jabil, Inc. has a 12 month low of $164.69 and a 12 month high of $381.94. The firm has a market cap of $38.38 billion, a PE ratio of 48.84, a PEG ratio of 1.89 and a beta of 1.29. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the prior year, the company earned $1.94 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. On average, research analysts expect that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Announces Dividend

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

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.