Pacer Advisors Inc. lowered its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 305,436 shares of the technology company’s stock after selling 6,155 shares during the period. Pacer Advisors Inc.’s holdings in Jabil were worth $81,133,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Todd Asset Management LLC boosted its holdings in Jabil by 1.9% in the fourth quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock valued at $76,696,000 after acquiring an additional 6,179 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Jabil during the fourth quarter worth about $7,061,000. Jackson Creek Investment Advisors LLC increased its stake in Jabil by 386.2% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 11,290 shares of the technology company’s stock worth $2,574,000 after acquiring an additional 8,968 shares during the last quarter. Allstate Corp raised its holdings in shares of Jabil by 98.0% in the 4th quarter. Allstate Corp now owns 7,959 shares of the technology company’s stock worth $1,815,000 after purchasing an additional 3,939 shares during the period. Finally, National Pension Service raised its holdings in shares of Jabil by 582.6% in the 4th quarter. National Pension Service now owns 224,903 shares of the technology company’s stock worth $51,282,000 after purchasing an additional 191,956 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Stock Performance
Jabil stock opened at $314.49 on Monday. The stock’s 50 day moving average price is $347.90 and its 200 day moving average price is $305.61. The firm has a market capitalization of $32.95 billion, a PE ratio of 39.26, a price-to-earnings-growth ratio of 0.94 and a beta of 1.28. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.66 and a current ratio of 0.98. Jabil, Inc. has a one year low of $189.60 and a one year high of $428.93.
Jabil Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be paid a $0.08 dividend. 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 is 4.00%.
Analysts Set New Price Targets
JBL has been the subject of a number of research reports. Argus set a $475.00 target price on Jabil in a report on Thursday, June 18th. The Goldman Sachs Group raised their price target on shares of Jabil from $384.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Raymond James Financial lifted their price target on shares of Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a research report on Thursday, June 18th. Robert W. Baird boosted their price objective on shares of Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Finally, Bank of America reissued a “buy” rating and issued a $470.00 price objective on shares of Jabil in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Jabil has an average rating of “Buy” and an average price target of $453.67.
Check Out Our Latest Research Report on Jabil
Insiders Place Their Bets
In related news, EVP Matthew Crowley sold 94 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $345.00, for a total transaction of $32,430.00. Following the completion of the sale, the executive vice president directly owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.35% of the company’s stock.
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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