Parallel Advisors LLC boosted its position in Jabil Inc. (NYSE:JBL – Get Rating) by 222.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,411 shares of the technology company’s stock after purchasing an additional 3,043 shares during the quarter. Parallel Advisors LLC’s holdings in Jabil were worth $301,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its holdings in Jabil by 7.8% in the third quarter. Great West Life Assurance Co. Can now owns 99,896 shares of the technology company’s stock worth $5,762,000 after purchasing an additional 7,211 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Jabil by 214.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 97,340 shares of the technology company’s stock valued at $6,628,000 after acquiring an additional 66,428 shares in the last quarter. Hunter Associates Investment Management LLC increased its holdings in shares of Jabil by 2.5% during the fourth quarter. Hunter Associates Investment Management LLC now owns 5,741 shares of the technology company’s stock valued at $383,000 after acquiring an additional 139 shares in the last quarter. Prelude Capital Management LLC increased its holdings in shares of Jabil by 32.5% during the third quarter. Prelude Capital Management LLC now owns 43,792 shares of the technology company’s stock valued at $2,527,000 after acquiring an additional 10,741 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of Jabil by 4.5% during the fourth quarter. Xponance Inc. now owns 28,692 shares of the technology company’s stock valued at $1,957,000 after acquiring an additional 1,247 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.
Jabil Trading Up 0.4 %
Shares of NYSE:JBL opened at $78.15 on Friday. The stock has a market capitalization of $10.37 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 0.83 and a beta of 1.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.55 and a current ratio of 1.04. The stock’s 50-day simple moving average is $82.59 and its two-hundred day simple moving average is $75.11. Jabil Inc. has a 52-week low of $48.80 and a 52-week high of $89.10.
Jabil Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Monday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Friday, May 12th. Jabil’s dividend payout ratio (DPR) is presently 4.64%.
Insider Activity at Jabil
In related news, EVP Robert L. Katz sold 4,970 shares of Jabil stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $77.00, for a total transaction of $382,690.00. Following the sale, the executive vice president now owns 95,322 shares of the company’s stock, valued at approximately $7,339,794. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Robert L. Katz sold 4,970 shares of Jabil stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $77.00, for a total transaction of $382,690.00. Following the sale, the executive vice president now owns 95,322 shares of the company’s stock, valued at approximately $7,339,794. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Dastoor sold 9,097 shares of Jabil stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $77.89, for a total value of $708,565.33. Following the sale, the chief financial officer now directly owns 161,607 shares in the company, valued at approximately $12,587,569.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,747 shares of company stock valued at $1,897,981. 2.75% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on JBL. Raymond James raised their price target on Jabil from $84.00 to $100.00 and gave the company a “strong-buy” rating in a report on Tuesday, March 14th. The Goldman Sachs Group raised their price target on Jabil from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, March 17th. Credit Suisse Group increased their price objective on Jabil from $90.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, February 21st. Finally, StockNews.com started coverage on Jabil in a research report on Thursday, March 16th. They set a “buy” rating on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $92.20.
Jabil Profile
Jabil, Inc engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries.
Featured Articles
- Get a free copy of the StockNews.com research report on Jabil (JBL)
- MarketBeat Week in Review – 4/24 – 4/28
- How to Invest in the Top Grocery Stocks for This Year
- Array Technologies Brings Solar Flare To 2023 Earnings Forecast
- Best Bank Stocks to Invest in Ahead of Rising Interest Rates
- How to Invest in Farmland: 7 Simple Ways
Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil Inc. (NYSE:JBL – Get Rating).
Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.
