Praesidium Investment Management Company LLC bought a new stake in Jabil, Inc. (NYSE:JBL – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 65,664 shares of the technology company’s stock, valued at approximately $25,312,159,000. Jabil accounts for 11.8% of Praesidium Investment Management Company LLC’s holdings, making the stock its 2nd largest holding. Praesidium Investment Management Company LLC owned 0.06% of Jabil at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Caisse de depot et placement du Quebec bought a new position in Jabil in the second quarter worth approximately $5,150,000. Man Group plc bought a new stake in shares of Jabil during the second quarter valued at approximately $57,234,000. Western Wealth Management LLC acquired a new position in shares of Jabil during the second quarter worth approximately $1,739,000. Jupiter Topco LLC acquired a new stake in Jabil in the 2nd quarter valued at $225,364,000. Finally, J. Goldman & Co LP bought a new stake in Jabil during the 2nd quarter valued at $1,735,000. 93.39% of the stock is owned by institutional investors and hedge funds.
Jabil Stock Up 0.7%
Jabil stock opened at $310.74 on Thursday. Jabil, Inc. has a fifty-two week low of $189.60 and a fifty-two week high of $428.93. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.66 and a current ratio of 0.98. The firm’s 50-day simple moving average is $336.06 and its 200 day simple moving average is $317.34. The stock has a market cap of $32.56 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 0.92 and a beta of 1.30.
Jabil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, August 14th. Jabil’s dividend payout ratio (DPR) is 4.00%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on JBL. Weiss Ratings cut shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. The Goldman Sachs Group boosted their price objective on Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Barclays raised their target price on Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Raymond James Financial lifted their target price on Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a research report on Thursday, June 18th. Finally, Argus set a $475.00 price target on Jabil in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $453.67.
Get Our Latest Research Report on Jabil
Insider Buying and Selling
In other Jabil news, EVP Matthew Crowley sold 94 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $345.00, for a total value of $32,430.00. Following the transaction, the executive vice president owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.35% of the company’s stock.
About Jabil
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.
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