Jabil, Inc. $JBL Stake Lessened by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its holdings in Jabil, Inc. (NYSE:JBL) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,309 shares of the technology company’s stock after selling 4,610 shares during the period. Daiwa Securities Group Inc.’s holdings in Jabil were worth $3,947,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. CIBC Asset Management Inc lifted its holdings in shares of Jabil by 75.7% in the fourth quarter. CIBC Asset Management Inc now owns 25,823 shares of the technology company’s stock valued at $5,888,000 after purchasing an additional 11,124 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of Jabil by 38.9% in the fourth quarter. Root Financial Partners LLC now owns 389 shares of the technology company’s stock valued at $89,000 after purchasing an additional 109 shares in the last quarter. George Kaiser Family Foundation boosted its holdings in shares of Jabil by 1.4% during the fourth quarter. George Kaiser Family Foundation now owns 34,461 shares of the technology company’s stock worth $7,858,000 after purchasing an additional 481 shares during the period. Black Swift Group LLC acquired a new stake in shares of Jabil during the fourth quarter worth approximately $2,833,000. Finally, Hazlett Burt & Watson Inc. boosted its holdings in shares of Jabil by 9.4% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 756 shares of the technology company’s stock worth $173,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Transactions at Jabil

In other Jabil news, EVP Andrew Priestley sold 3,169 shares of Jabil stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $330.00, for a total value of $1,045,770.00. Following the completion of the sale, the executive vice president directly owned 57,098 shares in the company, valued at $18,842,340. The trade was a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP May Yee Yap sold 1,634 shares of Jabil stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $306.74, for a total transaction of $501,213.16. Following the completion of the sale, the senior vice president owned 23,787 shares of the company’s stock, valued at $7,296,424.38. This trade represents a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 37,981 shares of company stock valued at $11,360,740. Insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Robert W. Baird raised their price target on shares of Jabil from $275.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Stifel Nicolaus raised their price target on shares of Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. The Goldman Sachs Group raised their price target on shares of Jabil from $336.00 to $384.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. raised their price target on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Finally, UBS Group raised their price target on shares of Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Jabil currently has an average rating of “Moderate Buy” and a consensus price target of $303.38.

Jabil Price Performance

NYSE JBL opened at $363.56 on Tuesday. 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 has a market capitalization of $38.36 billion, a PE ratio of 48.80, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28. The company has a 50 day moving average price of $330.72 and a two-hundred day moving average price of $272.22. Jabil, Inc. has a 12-month low of $175.07 and a 12-month high of $384.70.

Jabil (NYSE:JBL) last posted its 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 firm had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.94 earnings per share. As a group, equities analysts predict that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a $0.08 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s payout ratio is 4.30%.

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.