Bank Julius Baer & Co. Ltd Zurich Acquires 1,927 Shares of Jabil, Inc. $JBL

Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Jabil, Inc. (NYSE:JBL) by 15.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,573 shares of the technology company’s stock after buying an additional 1,927 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Jabil were worth $3,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Baader Bank Aktiengesellschaft boosted its stake in shares of Jabil by 8.4% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 2,242 shares of the technology company’s stock valued at $511,000 after purchasing an additional 173 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in shares of Jabil by 508.9% during the fourth quarter. Ameritas Advisory Services LLC now owns 1,431 shares of the technology company’s stock valued at $326,000 after purchasing an additional 1,196 shares in the last quarter. Meridian Wealth Management LLC bought a new position in shares of Jabil during the fourth quarter valued at approximately $217,000. HighPoint Advisor Group LLC boosted its stake in shares of Jabil by 61.5% during the fourth quarter. HighPoint Advisor Group LLC now owns 19,426 shares of the technology company’s stock valued at $4,430,000 after purchasing an additional 7,399 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Jabil during the fourth quarter valued at approximately $789,000. 93.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on JBL shares. Weiss Ratings downgraded shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Barclays increased their target price on shares of Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. UBS Group increased their target price on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Finally, Bank of America increased their target price on shares of Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $290.63.

Insiders Place Their Bets

In other Jabil news, EVP Andrew Priestley sold 4,000 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $301.00, for a total value 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 approximately $18,140,367. This trade represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP May Yee Yap sold 1,634 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $306.74, for a total transaction of $501,213.16. Following the completion of the transaction, the senior vice president directly owned 23,787 shares of the company’s stock, valued at approximately $7,296,424.38. This represents a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 37,981 shares of company stock valued at $11,360,740. Corporate insiders own 1.35% of the company’s stock.

Jabil Trading Down 4.2%

NYSE:JBL opened at $339.52 on Friday. Jabil, Inc. has a 52 week low of $161.52 and a 52 week high of $372.37. The firm has a 50 day moving average of $297.85 and a 200 day moving average of $255.15. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50. The stock has a market capitalization of $35.82 billion, a price-to-earnings ratio of 45.57, a PEG ratio of 1.84 and a beta of 1.29.

Jabil (NYSE:JBL) last posted 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 net margin of 2.48% and a return on equity of 80.96%. The company 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 company posted $1.94 earnings per share. Jabil’s revenue for the quarter was up 23.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th will be issued a $0.08 dividend. 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 (DPR) is currently 4.30%.

Jabil 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.