Fisher Asset Management LLC Cuts Stake in Jabil, Inc. $JBL

Fisher Asset Management LLC lowered its holdings in shares of Jabil, Inc. (NYSE:JBL) by 60.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,102 shares of the technology company’s stock after selling 1,687 shares during the quarter. Fisher Asset Management LLC’s holdings in Jabil were worth $251,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Jabil by 33.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,441 shares of the technology company’s stock worth $5,742,000 after purchasing an additional 6,594 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in Jabil during the third quarter valued at approximately $57,799,000. Envestnet Asset Management Inc. boosted its stake in Jabil by 9.1% during the third quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company’s stock valued at $67,732,000 after buying an additional 25,932 shares during the last quarter. Todd Asset Management LLC boosted its stake in Jabil by 1.9% during the fourth quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock valued at $76,696,000 after buying an additional 6,179 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Jabil during the fourth quarter valued at approximately $7,061,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Activity

In related news, EVP Andrew Priestley sold 3,169 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $330.00, for a total transaction of $1,045,770.00. Following the completion of the sale, the executive vice president directly owned 57,098 shares of the company’s stock, valued at approximately $18,842,340. This trade represents a 5.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gary K. Schick sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $340.00, for a total value of $340,000.00. Following the sale, the senior vice president directly owned 39,843 shares of the company’s stock, valued at $13,546,620. This represents a 2.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 37,981 shares of company stock worth $11,360,740 in the last three months. Corporate insiders own 1.35% of the company’s stock.

Jabil Price Performance

NYSE:JBL opened at $359.64 on Tuesday. The firm has a market capitalization of $37.94 billion, a price-to-earnings ratio of 48.27, a PEG ratio of 1.89 and a beta of 1.28. Jabil, Inc. has a 1 year low of $164.69 and a 1 year high of $381.94. The business has a 50 day simple moving average of $320.76 and a 200-day simple moving average of $266.39. 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 data on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.18. The business had revenue of $8.28 billion during 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%.The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period last year, the company earned $1.94 EPS. Equities analysts forecast that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, May 15th. Jabil’s dividend payout ratio (DPR) is presently 4.30%.

Wall Street Analysts Forecast Growth

JBL has been the subject of a number of research reports. UBS Group increased 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. Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. The Goldman Sachs Group increased their price target on Jabil from $336.00 to $384.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. increased 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Jabil presently has a consensus rating of “Moderate Buy” and a consensus price target 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.