Nordea Investment Management AB Has $29.61 Million Stock Position in Jabil, Inc. $JBL

Key Points

• Nordea Investment Management AB increased its Jabil stake by 970% in Q4 to 128,439 shares, a $29.61 million position representing about 0.12% of the company.
• Several large institutions — including State Street, Boston Partners, Norges Bank, Arrowstreet and Robeco — also significantly boosted holdings, and institutional investors now own 93.39% of Jabil.
• Jabil recently beat quarterly expectations (EPS $2.69 vs. $2.51; revenue $8.28B, +23.1% YoY), the stock is trading near its 52-week high, and analysts hold a Moderate Buy consensus with an average price target of $283.25.

Nordea Investment Management AB grew its position in Jabil, Inc. (NYSE:JBL - Free Report) by 970.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,439 shares of the technology company's stock after acquiring an additional 116,435 shares during the quarter. Nordea Investment Management AB owned 0.12% of Jabil worth $29,612,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. State Street Corp increased its position in shares of Jabil by 0.7% during the third quarter. State Street Corp now owns 5,199,646 shares of the technology company's stock valued at $1,129,207,000 after purchasing an additional 36,646 shares during the period. Boston Partners lifted its position in Jabil by 224.4% in the second quarter. Boston Partners now owns 1,898,681 shares of the technology company's stock worth $414,119,000 after purchasing an additional 1,313,338 shares during the period. Norges Bank acquired a new stake in Jabil during the second quarter worth $323,338,000. Arrowstreet Capital Limited Partnership boosted its stake in Jabil by 1,157.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company's stock worth $315,964,000 after buying an additional 1,339,247 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Jabil by 107.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,319,675 shares of the technology company's stock valued at $286,594,000 after buying an additional 682,899 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Stock Up 4.2%

Shares of NYSE:JBL opened at $277.56 on Wednesday. The company's fifty day moving average is $254.51 and its 200-day moving average is $229.45. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. Jabil, Inc. has a 52 week low of $108.66 and a 52 week high of $281.37. The company has a market capitalization of $29.31 billion, a PE ratio of 37.26, a P/E/G ratio of 1.46 and a beta of 1.22.

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

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid 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 payout ratio is 4.30%.

Insider Buying and Selling

In other news, SVP Gary K. Schick sold 422 shares of the business's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $243.77, for a total value of $102,870.94. Following the transaction, the senior vice president directly owned 41,843 shares of the company's stock, valued at $10,200,068.11. The trade was a 1.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $236.25, for a total value of $4,725,000.00. Following the sale, the chairman owned 1,151,459 shares in the company, valued at approximately $272,032,188.75. This trade represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 78,018 shares of company stock valued at $18,997,051 in the last ninety days. 1.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JBL. UBS Group increased their price objective on shares of Jabil from $244.00 to $254.00 and gave the company a "neutral" rating in a research note on Tuesday, March 10th. Wall Street Zen raised shares of Jabil from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Stifel Nicolaus increased their price target on shares of Jabil from $255.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. The Goldman Sachs Group restated a "buy" rating and set a $282.00 price target on shares of Jabil in a research note on Thursday, January 15th. Finally, Bank of America lifted their price objective on Jabil from $280.00 to $295.00 and gave the company a "buy" rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $283.25.

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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