Chapin Davis Inc. acquired a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 26,399 shares of the technology company’s stock, valued at approximately $10,176,000. Jabil accounts for 1.8% of Chapin Davis Inc.’s portfolio, making the stock its 18th biggest position.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Todd Asset Management LLC raised its position in Jabil by 1.9% in the fourth quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock worth $76,696,000 after acquiring an additional 6,179 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Jabil in the 4th quarter worth approximately $7,061,000. Jackson Creek Investment Advisors LLC raised its holdings in shares of Jabil by 386.2% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 11,290 shares of the technology company’s stock worth $2,574,000 after purchasing an additional 8,968 shares in the last quarter. Allstate Corp boosted its holdings in Jabil by 98.0% during the fourth quarter. Allstate Corp now owns 7,959 shares of the technology company’s stock worth $1,815,000 after buying an additional 3,939 shares in the last quarter. Finally, National Pension Service grew its position in Jabil by 582.6% in the fourth quarter. National Pension Service now owns 224,903 shares of the technology company’s stock worth $51,282,000 after buying an additional 191,956 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.
Jabil Price Performance
JBL opened at $339.59 on Thursday. The firm has a market capitalization of $35.58 billion, a P/E ratio of 42.40, a PEG ratio of 1.02 and a beta of 1.30. The stock has a fifty day moving average of $345.55 and a 200-day moving average of $307.48. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 2.17. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93.
Jabil Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be issued a dividend of $0.08 per share. 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 (DPR) is currently 4.00%.
Insider Buying and Selling
In other Jabil news, EVP Matthew Crowley sold 94 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the transaction, the executive vice president owned 57,536 shares in the company, valued at approximately $19,849,920. This represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.35% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on JBL shares. JPMorgan Chase & Co. upped their price target on Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Raymond James Financial lifted their target price on Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a report on Thursday, June 18th. Barclays upped their target price on Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Bank of America reissued a “buy” rating and issued a $470.00 price target on shares of Jabil in a research note on Thursday, June 18th. Finally, Stifel Nicolaus set a $460.00 price objective on Jabil and gave the stock a “buy” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $453.67.
Read Our Latest Stock Analysis on JBL
Jabil Company 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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