Foster & Motley Inc. purchased a new position in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 51,598 shares of the technology company’s stock, valued at approximately $19,890,000. Jabil accounts for approximately 0.9% of Foster & Motley Inc.’s portfolio, making the stock its 22nd biggest holding.
Several other large investors also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc bought a new stake in Jabil in the 2nd quarter valued at about $35,000. Persistent Asset Partners Ltd bought a new position in Jabil during the second quarter worth about $45,000. Greenline Wealth Management LLC purchased a new position in shares of Jabil in the fourth quarter worth about $28,000. Virtus Advisers LLC purchased a new position in shares of Jabil in the fourth quarter worth about $32,000. Finally, DV Equities LLC purchased a new stake in shares of Jabil during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Jabil Price Performance
NYSE:JBL opened at $338.93 on Wednesday. Jabil, Inc. has a 52-week low of $189.60 and a 52-week high of $428.93. The stock has a fifty day moving average of $343.54 and a 200 day moving average of $314.32. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.66 and a current ratio of 0.98. The firm has a market capitalization of $35.52 billion, a price-to-earnings ratio of 42.31, a P/E/G ratio of 1.09 and a beta of 1.30.
Jabil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, August 14th. Jabil’s dividend payout ratio is 4.00%.
Wall Street Analyst Weigh In
JBL has been the subject of a number of recent research reports. Weiss Ratings lowered shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Raymond James Financial increased their target price on Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a research report on Thursday, June 18th. Barclays lifted their price target on Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. UBS Group upgraded Jabil from a “neutral” rating to a “buy” rating and set a $430.00 price objective on the stock in a research note on Tuesday, August 11th. Finally, Robert W. Baird increased their price objective on Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat.com, Jabil has an average rating of “Buy” and an average price target of $453.67.
View Our Latest Analysis on Jabil
Insiders Place Their Bets
In other Jabil news, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total transaction of $32,430.00. Following the completion of the sale, 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 document filed with the SEC, which is available through this hyperlink. 1.35% of the stock is owned by corporate 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.
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