Sigma Planning Corp trimmed its position in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 29.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,280 shares of the technology company’s stock after selling 1,823 shares during the quarter. Sigma Planning Corp’s holdings in Jabil were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of JBL. Checchi Capital Advisers LLC purchased a new stake in Jabil during the first quarter valued at $277,000. Hillsdale Investment Management Inc. grew its stake in shares of Jabil by 19.5% during the 1st quarter. Hillsdale Investment Management Inc. now owns 4,900 shares of the technology company’s stock valued at $1,302,000 after purchasing an additional 800 shares during the period. Calamos Advisors LLC bought a new stake in shares of Jabil during the 1st quarter valued at about $946,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Jabil by 6.2% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,191 shares of the technology company’s stock valued at $1,645,000 after purchasing an additional 364 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Jabil by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 133,622 shares of the technology company’s stock worth $35,494,000 after purchasing an additional 911 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
Jabil Trading Down 2.0%
Shares of NYSE:JBL opened at $300.81 on Friday. The stock has a 50 day moving average of $355.90 and a 200 day moving average of $299.35. The company has a market cap of $31.52 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 0.90 and a beta of 1.28. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17.
Jabil Dividend Announcement
The company 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 dividend of $0.08 per share. The ex-dividend date is Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s payout ratio is 4.00%.
Insider Buying and Selling
In other news, EVP Matthew Crowley sold 94 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $345.00, for a total value of $32,430.00. Following the transaction, the executive vice president directly owned 57,536 shares in the company, valued at $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gary K. Schick sold 1,000 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $340.00, for a total value of $340,000.00. Following the completion of the transaction, the senior vice president directly owned 39,843 shares of the company’s stock, valued at approximately $13,546,620. This trade represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 4,263 shares of company stock valued at $1,418,200. Company insiders own 1.35% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on JBL shares. Raymond James Financial raised their price objective on shares of Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a report on Thursday, June 18th. Weiss Ratings upgraded shares of Jabil from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Robert W. Baird lifted their price target on shares of Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Stifel Nicolaus set a $460.00 price objective on shares of Jabil and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $453.67.
Get Our Latest Stock Analysis on JBL
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.
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