Camarda Financial Advisors LLC purchased a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,511 shares of the technology company’s stock, valued at approximately $4,052,000. Jabil comprises about 1.2% of Camarda Financial Advisors LLC’s holdings, making the stock its 23rd biggest position.
Other hedge funds also recently added to or reduced their stakes in the company. Todd Asset Management LLC raised its holdings in shares of Jabil by 1.9% in the fourth quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock worth $76,696,000 after buying an additional 6,179 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Jabil during the 4th quarter worth about $7,061,000. Jackson Creek Investment Advisors LLC grew its holdings 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 period. Western Wealth Management LLC purchased a new position in shares of Jabil during the 1st quarter valued at approximately $1,333,000. Finally, Allstate Corp increased its holdings in Jabil by 98.0% in the fourth quarter. Allstate Corp now owns 7,959 shares of the technology company’s stock valued at $1,815,000 after buying an additional 3,939 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.
Jabil Stock Performance
Shares of NYSE:JBL opened at $312.60 on Friday. 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, Inc. has a 1 year low of $189.60 and a 1 year high of $428.93. The firm has a market capitalization of $32.76 billion, a PE ratio of 39.03, a P/E/G ratio of 0.93 and a beta of 1.30. The business’s 50 day moving average price is $334.90 and its 200-day moving average price is $317.72.
Jabil Dividend Announcement
The firm also recently declared 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. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th. Jabil’s dividend payout ratio (DPR) is currently 4.00%.
Insiders Place Their Bets
In related news, EVP Matthew Crowley sold 94 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $345.00, for a total transaction of $32,430.00. Following the transaction, the executive vice president directly owned 57,536 shares in the company, valued at approximately $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.35% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on JBL. UBS Group raised Jabil from a “neutral” rating to a “buy” rating and set a $430.00 price objective on the stock in a report on Tuesday, August 11th. Robert W. Baird boosted their price target on shares of Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. The Goldman Sachs Group increased their price objective on shares of Jabil from $384.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. lifted their target price on shares of Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Finally, Argus set a $475.00 target price on shares of Jabil in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $453.67.
Read Our Latest Stock Report on JBL
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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