Three Seasons Wealth LLC purchased a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,027 shares of the technology company’s stock, valued at approximately $781,000.
A number of other hedge funds also recently bought and sold shares of JBL. BlackRock Inc. purchased a new position in Jabil in the second quarter worth about $3,905,704,000. Primecap Management Co. CA purchased a new position in shares of Jabil in the second quarter worth approximately $1,220,861,000. Norges Bank bought a new stake in Jabil during the fourth quarter valued at approximately $407,299,000. Bank of America Corp DE purchased a new stake in Jabil during the second quarter valued at approximately $447,882,000. Finally, Bank of New York Mellon Corp bought a new position in Jabil in the second quarter worth approximately $411,079,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Jabil Trading Up 1.5%
JBL stock opened at $310.50 on Friday. The company has a market capitalization of $32.54 billion, a price-to-earnings ratio of 38.76, a PEG ratio of 0.69 and a beta of 1.29. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66. Jabil, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93. The business has a 50 day simple moving average of $326.82 and a two-hundred day simple moving average of $319.19.
Jabil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, August 14th. Jabil’s payout ratio is 4.00%.
Insider Buying and Selling
In other Jabil news, EVP Matthew Crowley sold 94 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $345.00, for a total transaction of $32,430.00. Following the completion of the transaction, the executive vice president owned 57,536 shares in the company, valued at $19,849,920. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.35% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on JBL. Bank of America restated a “buy” rating and issued a $470.00 price objective on shares of Jabil in a research note on Thursday, June 18th. Weiss Ratings upgraded Jabil from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Argus set a $475.00 price objective on Jabil in a research report on Thursday, June 18th. Barclays increased their target price on shares of Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Jabil from $395.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $453.67.
Get Our Latest Research Report on Jabil
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.
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