LSV Asset Management Cuts Stock Position in Jabil, Inc. $JBL

LSV Asset Management lessened its position in Jabil, Inc. (NYSE:JBL) by 5.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,281,669 shares of the technology company’s stock after selling 67,671 shares during the quarter. LSV Asset Management’s holdings in Jabil were worth $292,246,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of JBL. Integrated Wealth Concepts LLC grew its stake in Jabil by 34.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock worth $382,000 after purchasing an additional 720 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Jabil by 70.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock worth $2,493,000 after purchasing an additional 7,602 shares in the last quarter. Focus Partners Wealth grew its stake in Jabil by 20.0% during the 1st quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock worth $676,000 after purchasing an additional 829 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Jabil by 50.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock worth $79,000 after purchasing an additional 194 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Jabil during the 2nd quarter worth $488,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on JBL. Stifel Nicolaus boosted their target price on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Barclays boosted their target price on Jabil from $283.00 to $304.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 18th. Bank of America boosted their target price on Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. boosted their target price on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Jabil has an average rating of “Moderate Buy” and an average target price of $303.38.

Jabil Trading Up 2.2%

NYSE:JBL opened at $364.22 on Friday. The stock has a 50-day simple moving average of $307.65 and a 200-day simple moving average of $259.67. The stock has a market cap of $38.43 billion, a P/E ratio of 48.89, a P/E/G ratio of 1.85 and a beta of 1.29. Jabil, Inc. has a 1 year low of $161.52 and a 1 year high of $372.37. 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 released 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 business had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.94 EPS. As a group, analysts anticipate that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

Insider Buying and Selling at Jabil

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