Plato Investment Management Ltd bought a new position in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the second quarter, HoldingsChannel.com reports. The firm bought 2,121 shares of the technology company’s stock, valued at approximately $813,000.
A number of other institutional investors have also made changes to their positions in the business. Todd Asset Management LLC grew its holdings in Jabil by 1.9% in the 4th quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock valued at $76,696,000 after buying an additional 6,179 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Jabil during the fourth quarter worth approximately $7,061,000. Jackson Creek Investment Advisors LLC lifted its holdings in shares of 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 buying an additional 8,968 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Jabil in the first quarter valued at approximately $1,333,000. Finally, Allstate Corp grew its stake in shares of Jabil by 98.0% in the fourth quarter. Allstate Corp now owns 7,959 shares of the technology company’s stock worth $1,815,000 after acquiring an additional 3,939 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.
Jabil Stock Down 8.4%
Shares of JBL stock opened at $338.93 on Wednesday. The stock has a market cap of $35.52 billion, a P/E ratio of 42.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.30. Jabil, Inc. has a one year low of $189.60 and a one year high of $428.93. The stock has a fifty day moving average price of $343.54 and a 200 day moving average price of $314.32. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66.
Jabil Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s payout ratio is presently 4.00%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on JBL. Argus set a $475.00 target price on shares of Jabil in a research report on Thursday, June 18th. JPMorgan Chase & Co. increased their price target on shares of Jabil from $395.00 to $450.00 and gave the company an “overweight” rating 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 stock a “buy” rating in a research report on Thursday, June 18th. Barclays boosted their price objective on shares of Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Finally, Weiss Ratings cut shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat, Jabil currently has a consensus rating of “Buy” and an average target price of $453.67.
Get Our Latest Research Report on Jabil
Insider Transactions at Jabil
In related news, EVP Matthew Crowley sold 94 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the completion of the transaction, the executive vice president owned 57,536 shares of the company’s stock, valued at $19,849,920. This represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.35% of the stock is owned by company insiders.
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.
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