KLP Kapitalforvaltning AS Sells 10,100 Shares of Jabil, Inc. $JBL

Key Points

• KLP Kapitalforvaltning AS cut its stake in Jabil by 20.3%, selling 10,100 shares and leaving it with 39,700 shares valued at about $9.05 million at the end of the quarter.
• Company insiders have been selling recently: EVP Andrew Priestley sold 4,000 shares at $301 and EVP Steven D. Borges sold 7,000 shares at $290, with insiders disposing of 37,403 shares worth ~$11.12 million over the past three months.
• Jabil beat quarterly estimates with $2.69 EPS (vs. $2.51 expected) and revenue of $8.28 billion (up 23.1% YoY), announced a quarterly dividend of $0.08, and carries a consensus analyst rating of Buy with an average target of $290.63.

KLP Kapitalforvaltning AS lowered its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 20.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,700 shares of the technology company's stock after selling 10,100 shares during the period. KLP Kapitalforvaltning AS's holdings in Jabil were worth $9,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBL. Mirae Asset Global Investments Co. Ltd. grew its position in shares of 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 buying an additional 6,594 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Jabil in the 3rd quarter valued at about $57,799,000. Envestnet Asset Management Inc. grew 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 valued at $67,732,000 after buying an additional 25,932 shares during the last quarter. Winnow Wealth LLC bought a new stake in shares of Jabil in the 3rd quarter valued at about $1,077,000. Finally, Banco Santander S.A. bought a new stake in shares of Jabil in the 3rd quarter valued at about $908,000. Institutional investors own 93.39% of the company's stock.

Insider Buying and Selling

In other news, EVP Andrew Priestley sold 4,000 shares of the business's stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $301.00, for a total value of $1,204,000.00. Following the transaction, the executive vice president directly owned 60,267 shares of the company's stock, valued at $18,140,367. The trade was a 6.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven D. Borges sold 7,000 shares of the business's stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $290.00, for a total value of $2,030,000.00. Following the completion of the transaction, the executive vice president directly owned 76,524 shares in the company, valued at $22,191,960. This represents a 8.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 37,403 shares of company stock worth $11,123,611 over the last three months. Insiders own 1.35% of the company's stock.

Jabil Stock Up 0.9%

Shares of NYSE:JBL opened at $341.50 on Friday. The company has a market capitalization of $36.03 billion, a price-to-earnings ratio of 45.84, a P/E/G ratio of 1.76 and a beta of 1.16. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. The business's 50-day moving average is $275.82 and its 200-day moving average is $241.82. Jabil, Inc. has a 1 year low of $142.03 and a 1 year high of $346.22.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $8.28 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 EPS. Equities research analysts predict that Jabil, Inc. will post 11.3 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, May 15th. Jabil's payout ratio is currently 4.30%.

Wall Street Analyst Weigh In

JBL has been the topic of a number of analyst reports. Zacks Research upgraded Jabil from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. upped their price target on Jabil from $270.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, March 12th. Barclays upped their price target on Jabil from $283.00 to $304.00 and gave the company an "overweight" rating in a research report on Wednesday, March 18th. Wall Street Zen lowered Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 11th. Finally, Stifel Nicolaus upped their price target on Jabil from $255.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, March 19th. Two investment 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 stock. According to MarketBeat.com, Jabil presently has an average rating of "Buy" and a consensus price target of $290.63.

About Jabil

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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