Jabil, Inc. $JBL Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Jabil, Inc. (NYSE:JBL) by 7.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,895 shares of the technology company’s stock after selling 8,178 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Jabil worth $22,094,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of JBL. Arrowstreet Capital Limited Partnership raised its holdings in Jabil by 1,157.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock worth $315,964,000 after purchasing an additional 1,339,247 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Jabil by 107.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,319,675 shares of the technology company’s stock worth $286,594,000 after purchasing an additional 682,899 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Jabil in the 4th quarter worth about $121,710,000. Allianz Asset Management GmbH raised its holdings in Jabil by 180.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company’s stock worth $164,686,000 after purchasing an additional 487,595 shares during the period. Finally, M&T Bank Corp raised its holdings in Jabil by 2,833.4% in the 4th quarter. M&T Bank Corp now owns 348,987 shares of the technology company’s stock worth $79,576,000 after purchasing an additional 337,090 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $282.00 price target on shares of Jabil in a report on Thursday, January 15th. Bank of America upped their price target on Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. UBS Group upped their price target on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. Finally, Robert W. Baird upped their price target on Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $290.63.

Jabil Price Performance

Shares of Jabil stock opened at $342.50 on Friday. The business has a 50 day simple moving average of $281.97 and a two-hundred day simple moving average of $245.85. Jabil, Inc. has a 12 month low of $146.88 and a 12 month high of $349.62. The stock has a market capitalization of $36.13 billion, a P/E ratio of 45.97, a PEG ratio of 1.78 and a beta of 1.29. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The business had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter in the prior year, the firm earned $1.94 earnings per share. The business’s revenue was up 23.1% compared to the same quarter last year. As a group, analysts predict that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s dividend payout ratio is presently 4.30%.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Andrew Priestley sold 4,000 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $301.00, for a total transaction of $1,204,000.00. Following the completion of the transaction, the executive vice president owned 60,267 shares of the company’s stock, valued at $18,140,367. This represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Dastoor sold 9,467 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $286.64, for a total value of $2,713,620.88. Following the transaction, the chief executive officer directly owned 253,099 shares of the company’s stock, valued at $72,548,297.36. The trade was a 3.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 37,403 shares of company stock valued at $11,123,611. 1.35% of the stock is owned by 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.