Hillsdale Investment Management Inc. Buys Shares of 4,100 Jabil, Inc. $JBL

Hillsdale Investment Management Inc. bought a new stake in Jabil, Inc. (NYSE:JBL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,100 shares of the technology company’s stock, valued at approximately $935,000.

Several other large investors have also modified their holdings of the business. Savant Capital LLC lifted its stake in shares of Jabil by 0.9% in the 3rd quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock valued at $1,266,000 after purchasing an additional 54 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Jabil by 1.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock valued at $630,000 after purchasing an additional 54 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its stake in shares of Jabil by 2.1% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company’s stock valued at $613,000 after purchasing an additional 59 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Jabil by 2.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company’s stock valued at $483,000 after purchasing an additional 60 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Jabil by 8.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 752 shares of the technology company’s stock valued at $171,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling

In other Jabil news, EVP Andrew Priestley sold 3,169 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $330.00, for a total value of $1,045,770.00. Following the sale, the executive vice president owned 57,098 shares of the company’s stock, valued at $18,842,340. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anousheh Ansari sold 2,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the director directly owned 31,800 shares in the company, valued at $9,540,000. This represents a 5.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,981 shares of company stock worth $11,360,740 over the last ninety days. Company insiders own 1.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barclays upped their price target on Jabil from $283.00 to $304.00 and gave the company an “overweight” rating in a research note on Wednesday, March 18th. Stifel Nicolaus upped their price target on Jabil from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. JPMorgan Chase & Co. upped their price target on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Finally, UBS Group upped their price target on Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.38.

Jabil Stock Performance

Shares of Jabil stock opened at $359.64 on Tuesday. The business has a 50-day moving average of $320.76 and a 200 day moving average of $266.39. Jabil, Inc. has a 12 month low of $164.69 and a 12 month high of $381.94. The stock has a market capitalization of $37.94 billion, a price-to-earnings ratio of 48.27, a price-to-earnings-growth ratio of 1.89 and a beta of 1.28. 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 posted its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.18. The company had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.Jabil’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 EPS. As a group, sell-side analysts forecast that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Announces Dividend

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 given 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 yield of 0.1%. Jabil’s dividend payout ratio (DPR) is currently 4.30%.

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.