Westfield Capital Management Co. LP Raises Holdings in Jabil, Inc. $JBL

Westfield Capital Management Co. LP raised its holdings in shares of Jabil, Inc. (NYSE:JBL) by 23.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 328,412 shares of the technology company’s stock after purchasing an additional 62,265 shares during the period. Westfield Capital Management Co. LP’s holdings in Jabil were worth $74,885,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JBL. Envestnet Asset Management Inc. lifted its holdings in Jabil by 9.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company’s stock worth $67,732,000 after buying an additional 25,932 shares during the period. Jackson Creek Investment Advisors LLC lifted its holdings in Jabil by 386.2% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 11,290 shares of the technology company’s stock worth $2,574,000 after buying an additional 8,968 shares during the period. Todd Asset Management LLC lifted its holdings in Jabil by 1.9% in the 4th quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock worth $76,696,000 after buying an additional 6,179 shares during the period. Jefferies Financial Group Inc. purchased a new stake in Jabil in the 4th quarter worth approximately $7,061,000. Finally, Allstate Corp lifted its holdings in Jabil by 98.0% in the 4th quarter. Allstate Corp now owns 7,959 shares of the technology company’s stock worth $1,815,000 after buying an additional 3,939 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

JBL has been the subject of several research analyst reports. Bank of America increased their price objective on Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Barclays increased their target price on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. JPMorgan Chase & Co. increased their target price on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. The Goldman Sachs Group increased their target price on Jabil from $336.00 to $384.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $303.38.

Insider Buying and Selling at Jabil

In other Jabil news, Director Anousheh Ansari sold 2,000 shares of the business’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the sale, the director directly owned 31,800 shares of the company’s stock, valued at approximately $9,540,000. The trade was a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew Priestley sold 4,000 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $301.00, for a total value of $1,204,000.00. Following the completion of the sale, the executive vice president directly owned 60,267 shares in the company, valued at approximately $18,140,367. This represents a 6.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,981 shares of company stock valued at $11,360,740 in the last ninety days. Corporate insiders own 1.35% of the company’s stock.

Jabil Stock Down 1.2%

Shares of NYSE:JBL opened at $374.31 on Friday. Jabil, Inc. has a 52-week low of $171.65 and a 52-week high of $384.70. The firm has a market capitalization of $39.49 billion, a P/E ratio of 50.24, a P/E/G ratio of 1.97 and a beta of 1.28. The stock has a 50 day moving average price of $327.33 and a 200-day moving average price of $269.98. 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 (NYSE:JBL) last announced its earnings results 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. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm had revenue of $8.28 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same quarter in the prior year, the company earned $1.94 EPS. The business’s revenue was up 23.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a 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.