Meyer Handelman Co. Acquires 6,075 Shares of Jabil, Inc. $JBL

Key Points

• Meyer Handelman Co. increased its stake in Jabil by 11.0% in Q4, acquiring 6,075 shares to hold 61,308 shares worth about $13.98 million (≈0.06% of the company).
• Jabil beat Q4 estimates with EPS $2.69 vs. $2.51 and revenue $8.28B vs. $7.75B (revenue +23.1% YoY), while analysts have been raising targets and the consensus rating is a “Moderate Buy” with a $283.25 price target.
• Company insiders have been net sellers recently—selling 80,018 shares valued at about $19.55 million over the last 90 days (including notable sales by an SVP and a director); insiders now own roughly 1.35% of the stock.

Meyer Handelman Co. boosted its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,308 shares of the technology company's stock after acquiring an additional 6,075 shares during the period. Meyer Handelman Co. owned 0.06% of Jabil worth $13,979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Integrated Wealth Concepts LLC lifted its stake in shares of Jabil by 34.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company's stock worth $382,000 after buying an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Jabil by 70.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company's stock valued at $2,493,000 after buying an additional 7,602 shares during the last quarter. Focus Partners Wealth grew its stake in Jabil by 20.0% in the 1st quarter. Focus Partners Wealth now owns 4,967 shares of the technology company's stock valued at $676,000 after buying an additional 829 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Jabil by 50.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company's stock valued at $79,000 after acquiring an additional 194 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Jabil by 1.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,393 shares of the technology company's stock worth $2,485,000 after acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Insiders Place Their Bets

In other Jabil news, SVP Adam E. Berry sold 1,596 shares of the firm's stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $253.20, for a total value of $404,107.20. Following the transaction, the senior vice president directly owned 18,920 shares of the company's stock, valued at $4,790,544. This trade represents a 7.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anousheh Ansari sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $270.00, for a total transaction of $270,000.00. Following the sale, the director directly owned 33,800 shares of the company's stock, valued at approximately $9,126,000. This trade represents a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 80,018 shares of company stock valued at $19,545,381 over the last 90 days. 1.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a "hold (c)" rating on shares of Jabil in a report on Friday, January 9th. UBS Group lifted their price target on Jabil from $244.00 to $254.00 and gave the stock a "neutral" rating in a report on Tuesday, March 10th. The Goldman Sachs Group restated a "buy" rating and issued a $282.00 price target on shares of Jabil in a research note on Thursday, January 15th. Stifel Nicolaus upped their price objective on Jabil from $255.00 to $290.00 and gave the company a "buy" rating in a report on Thursday, March 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Jabil from $270.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $283.25.

Jabil Stock Up 7.2%

NYSE JBL opened at $265.33 on Wednesday. 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 company has a market cap of $28.02 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 1.28 and a beta of 1.22. The company has a 50 day moving average of $256.04 and a 200-day moving average of $231.27. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $283.76.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, topping analysts' consensus estimates of $2.51 by $0.18. The firm had revenue of $8.28 billion for the quarter, compared to analyst estimates of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The company's revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the company earned $1.94 EPS. On average, equities research analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a $0.08 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil's dividend payout ratio (DPR) is presently 4.30%.

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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