Hanseatic Management Services Inc. acquired a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 5,666 shares of the technology company’s stock, valued at approximately $1,505,000. Jabil accounts for 1.4% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 25th biggest holding.
Other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its holdings in Jabil by 34.4% during the 1st 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 worth $2,493,000 after buying an additional 7,602 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Jabil by 20.0% in the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock worth $676,000 after buying an additional 829 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of 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 acquiring an additional 194 shares during the period. Finally, Jump Financial LLC bought a new position in shares of Jabil in the second quarter valued at approximately $488,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Jabil Stock Down 2.0%
JBL stock opened at $300.81 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17. The company’s 50 day moving average is $355.90 and its 200 day moving average is $299.35. The stock has a market cap of $31.52 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 0.90 and a beta of 1.28. Jabil, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93.
Jabil Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, August 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is 4.00%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on JBL. Barclays upped 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. Raymond James Financial raised their price target on shares of Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a report on Thursday, June 18th. Robert W. Baird boosted their price target on shares of Jabil from $355.00 to $440.00 and gave the company an “outperform” rating in a research report on Thursday, June 18th. Stifel Nicolaus set a $460.00 price target on shares of Jabil and gave the stock a “buy” rating in a report on Thursday, June 18th. Finally, Bank of America reiterated a “buy” rating and issued a $470.00 price objective on shares of Jabil in a research report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $453.67.
Get Our Latest Stock Report on JBL
Insider Activity
In related news, SVP Gary K. Schick sold 1,000 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $340.00, for a total value of $340,000.00. Following the transaction, the senior vice president owned 39,843 shares of the company’s stock, valued at $13,546,620. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew Priestley sold 3,169 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $330.00, for a total value of $1,045,770.00. Following the sale, the executive vice president owned 57,098 shares in the company, valued at $18,842,340. The trade was a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,263 shares of company stock worth $1,418,200. 1.35% of the stock is currently owned by corporate insiders.
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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