Forsta AP Fonden Has $15.89 Million Stock Position in Jabil, Inc. $JBL

Forsta AP Fonden lessened its holdings in Jabil, Inc. (NYSE:JBL) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,681 shares of the technology company’s stock after selling 1,500 shares during the period. Forsta AP Fonden’s holdings in Jabil were worth $15,889,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of JBL. Integrated Wealth Concepts LLC lifted its position in shares of Jabil by 34.4% in the first quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock worth $382,000 after buying an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Jabil by 70.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock valued at $2,493,000 after acquiring an additional 7,602 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Jabil by 20.0% in the 1st quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock valued at $676,000 after acquiring an additional 829 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Jabil by 50.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock valued at $79,000 after acquiring an additional 194 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in Jabil in the 2nd quarter worth approximately $488,000. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Performance

JBL opened at $363.84 on Friday. 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’s 50 day moving average price is $318.86 and its two-hundred day moving average price is $265.03. The firm has a market capitalization of $38.38 billion, a P/E ratio of 48.84, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. Jabil, Inc. has a 12-month low of $164.69 and a 12-month high of $381.94.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping 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 company had revenue of $8.28 billion during the quarter, compared to analyst estimates of $7.75 billion. During the same period in the previous year, the company earned $1.94 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. On average, equities 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 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 yield of 0.1%. Jabil’s dividend payout ratio is 4.30%.

Insider Buying and Selling

In related news, 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 owned 31,800 shares in the company, valued at approximately $9,540,000. This trade represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew Priestley sold 3,169 shares of Jabil 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 directly owned 57,098 shares in the company, valued at approximately $18,842,340. This trade represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 37,981 shares of company stock worth $11,360,740. 1.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

JBL has been the subject of a number of recent analyst reports. Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Bank of America boosted their price objective on shares of Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Stifel Nicolaus upped their price objective on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. UBS Group raised their target price on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. Finally, The Goldman Sachs Group lifted their target price on shares of Jabil from $336.00 to $384.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. One research 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 company’s stock. Based on data from MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and an average target price of $303.38.

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.