Jabil, Inc. $JBL Shares Purchased by Danske Bank A S

Key Points

• Danske Bank A/S increased its stake in Jabil by 9.2%, adding 5,000 shares to hold 59,479 shares worth about $13.56 million.
• Jabil posted a quarterly beat with $2.69 EPS versus $2.51 expected and $8.28 billion in revenue (up 23.1% YoY), and analysts largely rate the stock a Buy with a consensus price target of $290.63 (some targets as high as $354).

Danske Bank A S raised its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,479 shares of the technology company's stock after acquiring an additional 5,000 shares during the period. Danske Bank A S owned approximately 0.06% of Jabil worth $13,562,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Jabil by 33.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,441 shares of the technology company's stock valued at $5,742,000 after purchasing an additional 6,594 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Jabil by 9.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 311,883 shares of the technology company's stock worth $67,732,000 after buying an additional 25,932 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of Jabil in the 3rd quarter worth $57,799,000. Winnow Wealth LLC purchased a new position in shares of Jabil in the 3rd quarter worth $1,077,000. Finally, Banco Santander S.A. purchased a new position in shares of Jabil in the 3rd quarter worth $908,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Price Performance

Shares of NYSE:JBL opened at $342.50 on Monday. The stock has a market cap of $36.13 billion, a price-to-earnings ratio of 45.97, a PEG ratio of 1.78 and a beta of 1.29. Jabil, Inc. has a 12 month low of $146.88 and a 12 month high of $349.62. The stock's 50 day moving average price is $281.97 and its 200 day moving average price is $246.17. 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 - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $8.28 billion for the quarter, compared to analysts' expectations of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm's revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 earnings per share. Equities research analysts anticipate that Jabil, Inc. will post 11.3 earnings per share for the current fiscal 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 annualized dividend and a dividend yield of 0.1%. Jabil's dividend payout ratio is currently 4.30%.

Insider Activity

In other Jabil news, 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 transaction, the senior vice president directly owned 23,787 shares in the company, valued at approximately $7,296,424.38. The trade was a 6.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Dastoor sold 9,467 shares of Jabil stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $286.64, for a total transaction of $2,713,620.88. Following the transaction, the chief executive officer owned 253,099 shares in the company, valued at approximately $72,548,297.36. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 36,981 shares of company stock worth $11,020,740. 1.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on JBL. Zacks Research raised Jabil from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th. UBS Group lifted their price target on Jabil from $244.00 to $254.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 10th. Weiss Ratings downgraded Jabil from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, April 24th. Robert W. Baird lifted their target price on Jabil from $275.00 to $281.00 and gave the company an "outperform" rating in a research note on Thursday, March 19th. Finally, Bank of America lifted their target price on Jabil from $295.00 to $354.00 and gave the company a "buy" rating in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $290.63.

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.

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