M&T Bank Corp Grows Stock Position in Jabil, Inc. $JBL

Key Points

• M&T Bank increased its Jabil stake by 34.7% in Q4 to 16,021 shares, valued at about $3.65 million per the latest 13F filing.
• Insider selling was significant: EVP Steven Borges sold 7,000 shares ($2.03M) and SVP May Yee Yap sold 1,634 shares ($501K), with insiders offloading 37,981 shares (~$11.36M) in the quarter and now owning 1.35% of the company.
• Jabil beat estimates (Q EPS $2.69 vs $2.51 expected; revenue $8.28B, +23.1% y/y) and analysts maintain an average "Buy" rating with a consensus target of $290.63.

M&T Bank Corp increased its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 34.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,021 shares of the technology company's stock after buying an additional 4,124 shares during the quarter. M&T Bank Corp's holdings in Jabil were worth $3,652,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Savant Capital LLC increased its holdings in Jabil by 0.9% in the 3rd quarter. Savant Capital LLC now owns 5,828 shares of the technology company's stock valued at $1,266,000 after purchasing an additional 54 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in Jabil by 1.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company's stock valued at $630,000 after purchasing an additional 54 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in Jabil by 11.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 584 shares of the technology company's stock valued at $127,000 after purchasing an additional 59 shares during the last quarter. Measured Wealth Private Client Group LLC increased its holdings in Jabil by 2.1% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company's stock valued at $613,000 after purchasing an additional 59 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Jabil by 2.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company's stock valued at $483,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Activity

In related news, EVP Steven D. Borges sold 7,000 shares of the business's stock in a transaction on 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 sale, the executive vice president directly owned 76,524 shares of the company's stock, valued at $22,191,960. The trade was a 8.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP May Yee Yap sold 1,634 shares of the business's stock in a transaction 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 completion of the sale, the senior vice president directly owned 23,787 shares of the company's stock, valued at approximately $7,296,424.38. This trade represents a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 37,981 shares of company stock valued at $11,360,740. Insiders own 1.35% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings downgraded shares of Jabil from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, April 24th. Zacks Research upgraded shares of Jabil from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 15th. Barclays boosted their price target on shares of Jabil from $283.00 to $304.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 18th. Wall Street Zen downgraded shares of Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Jabil from $270.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $290.63.

Jabil Stock Performance

Shares of JBL stock opened at $371.99 on Thursday. 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 firm has a fifty day moving average price of $285.50 and a 200 day moving average price of $248.23. The company has a market cap of $39.24 billion, a P/E ratio of 49.93, a PEG ratio of 1.75 and a beta of 1.29. Jabil, Inc. has a 12 month low of $148.84 and a 12 month high of $372.37.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $7.75 billion. Jabil had a net margin of 2.48% and a return on equity of 80.96%. The company's revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.94 earnings per share. Sell-side analysts predict that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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