Jabil, Inc. $JBL Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management trimmed its Jabil stake by 5.7% in the fourth quarter, while institutional ownership in the stock remains very high at 93.39%.
• Wall Street sentiment remains constructive: analysts have a Moderate Buy consensus on Jabil, with multiple firms recently raising price targets and an average target price of $303.38.
• Jabil posted a strong quarter, beating estimates with $2.69 EPS on $8.28 billion in revenue, and the stock has also seen notable insider selling in recent months.

BI Asset Management Fondsmaeglerselskab A S lowered its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 64,710 shares of the technology company's stock after selling 3,896 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.06% of Jabil worth $14,755,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBL. Veracity Capital LLC raised its stake in shares of Jabil by 4,144.3% during the 4th quarter. Veracity Capital LLC now owns 3,735 shares of the technology company's stock valued at $31,000 after buying an additional 3,647 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of Jabil in the 4th quarter valued at about $42,000. Banque Cantonale Vaudoise acquired a new position in shares of Jabil in the 3rd quarter valued at about $43,000. Rothschild Investment LLC lifted its holdings in shares of Jabil by 51.1% in the 3rd quarter. Rothschild Investment LLC now owns 213 shares of the technology company's stock valued at $46,000 after buying an additional 72 shares during the period. Finally, Caitlin John LLC acquired a new position in shares of Jabil in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on JBL shares. Weiss Ratings cut Jabil from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, April 24th. Bank of America boosted their price objective on Jabil from $295.00 to $354.00 and gave the company a "buy" rating in a report on Monday, April 20th. Robert W. Baird boosted their price objective on Jabil from $275.00 to $281.00 and gave the company an "outperform" rating in a report on Thursday, March 19th. Barclays boosted their price objective on Jabil from $283.00 to $304.00 and gave the company an "overweight" rating in a report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Jabil from $270.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, March 12th. 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 company. According to MarketBeat.com, Jabil has a consensus rating of "Moderate Buy" and an average target price of $303.38.

Insider Activity at Jabil

In related news, EVP Steven D. Borges sold 5,126 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $317.51, for a total value of $1,627,556.26. Following the completion of the transaction, the executive vice president directly owned 71,398 shares in the company, valued at approximately $22,669,578.98. This represents a 6.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Gary K. Schick sold 1,000 shares of the 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 completion of the transaction, the senior vice president owned 39,843 shares of the company's stock, valued at $13,546,620. The trade was 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 quarter. Corporate insiders own 1.35% of the company's stock.

Jabil Stock Performance

NYSE JBL opened at $353.05 on Friday. The stock has a market capitalization of $37.25 billion, a price-to-earnings ratio of 47.39, a PEG ratio of 1.83 and a beta of 1.28. Jabil, Inc. has a twelve month low of $174.00 and a twelve month high of $384.70. The company has a current ratio of 1.01, a quick ratio of 0.68 and a debt-to-equity ratio of 2.50. The stock has a 50-day moving average of $328.74 and a 200 day moving average of $270.56.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.18. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The company had revenue of $8.28 billion during the quarter, compared to analysts' expectations of $7.75 billion. During the same quarter in the prior year, the firm posted $1.94 EPS. Jabil's quarterly revenue was up 23.1% compared to the same quarter last year. Sell-side analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, May 15th. 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.

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