Entropy Technologies LP Increases Position in Jabil, Inc. $JBL

Entropy Technologies LP lifted its holdings in shares of Jabil, Inc. (NYSE:JBL) by 134.0% during the fourth quarter, Holdings Channel reports. The fund owned 25,581 shares of the technology company’s stock after purchasing an additional 14,651 shares during the quarter. Entropy Technologies LP’s holdings in Jabil were worth $5,833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JBL. Integrated Wealth Concepts LLC increased its holdings in Jabil by 34.4% in the first quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock valued at $382,000 after buying an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Jabil by 70.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock valued at $2,493,000 after buying an additional 7,602 shares during the last quarter. Focus Partners Wealth increased its holdings in Jabil by 20.0% in the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock valued at $676,000 after buying an additional 829 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Jabil by 50.0% in the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock valued at $79,000 after buying an additional 194 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in Jabil in the second quarter valued at about $488,000. 93.39% of the stock is owned by institutional investors.

Insider Buying and Selling at Jabil

In other news, EVP Andrew Priestley sold 4,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $18,140,367. The trade was a 6.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Steven D. Borges sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $290.00, for a total value of $2,030,000.00. Following the transaction, the executive vice president owned 76,524 shares of the company’s stock, valued at approximately $22,191,960. This represents a 8.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 37,981 shares of company stock valued at $11,360,740. 1.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

JBL has been the subject of several research analyst reports. Bank of America boosted their price objective on Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a report on Monday, April 20th. Raymond James Financial restated a “strong-buy” rating and issued a $425.00 target price on shares of Jabil in a research note on Wednesday. The Goldman Sachs Group lifted their target price on Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Zacks Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Wall Street Zen downgraded Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Jabil has an average rating of “Moderate Buy” and an average price target of $339.75.

Jabil Stock Performance

Shares of JBL stock opened at $384.64 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. The business has a 50 day moving average of $339.33 and a two-hundred day moving average of $276.51. Jabil, Inc. has a 52 week low of $175.08 and a 52 week high of $386.64. The company has a market cap of $40.58 billion, a P/E ratio of 51.63, a PEG ratio of 2.00 and a beta of 1.28.

Jabil (NYSE:JBL) last issued 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 the consensus estimate of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The business’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 earnings per share. As a group, analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Announces Dividend

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