PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 206.9% in the second quarter, Holdings Channel reports. The firm owned 12,955 shares of the technology company’s stock after buying an additional 8,734 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Jabil were worth $4,994,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of JBL. State Street Corp raised its position in Jabil by 0.7% in the third quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock valued at $1,129,207,000 after purchasing an additional 36,646 shares during the period. Primecap Management Co. CA lifted its stake in Jabil by 0.4% during the 4th quarter. Primecap Management Co. CA now owns 3,343,670 shares of the technology company’s stock worth $762,424,000 after acquiring an additional 12,600 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Jabil by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock valued at $661,783,000 after acquiring an additional 42,422 shares during the period. JPMorgan Chase & Co. boosted its holdings in Jabil by 45.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock valued at $429,714,000 after acquiring an additional 591,364 shares during the period. Finally, Norges Bank acquired a new position in Jabil in the 4th quarter valued at about $407,299,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Jabil Price Performance
JBL stock opened at $340.85 on Monday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66. The firm has a market capitalization of $35.72 billion, a P/E ratio of 42.55, a P/E/G ratio of 1.02 and a beta of 1.30. The business’s 50-day moving average is $344.74 and its two-hundred day moving average is $308.77. Jabil, Inc. has a 1 year low of $189.60 and a 1 year high of $428.93.
Jabil Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, August 14th. Jabil’s payout ratio is 4.00%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on JBL shares. Weiss Ratings upgraded shares of Jabil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Robert W. Baird lifted their price objective on shares of Jabil from $355.00 to $440.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Bank of America reaffirmed a “buy” rating and set a $470.00 target price on shares of Jabil in a research note on Thursday, June 18th. Argus set a $475.00 target price on shares of Jabil in a report on Thursday, June 18th. Finally, Barclays raised their price target on shares of Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Jabil has a consensus rating of “Buy” and an average price target of $453.67.
View Our Latest Stock Analysis on Jabil
Insider Activity at Jabil
In other Jabil news, EVP Matthew Crowley sold 94 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the sale, the executive vice president directly owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. This represents a 0.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate 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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