United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Increases Position in Jabil, Inc. $JBL

Key Points

• United Super Pty Ltd sharply boosted its Jabil stake by 773.3% in the fourth quarter, ending with 75,976 shares valued at about $17.3 million.
• Jabil insiders sold shares over the past 90 days, including SVP May Yee Yap and EVP Steven D. Borges, with total insider sales reaching 37,981 shares worth $11.36 million.
• The company posted strong quarterly results, beating earnings and revenue estimates with EPS of $2.69 and revenue of $8.28 billion, while analysts maintain a Moderate Buy rating and an average target price of $303.38.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 773.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,976 shares of the technology company's stock after acquiring an additional 67,276 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned 0.07% of Jabil worth $17,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Savant Capital LLC increased its position in shares of Jabil by 0.9% during the third quarter. Savant Capital LLC now owns 5,828 shares of the technology company's stock worth $1,266,000 after acquiring an additional 54 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of Jabil by 1.9% during the third quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company's stock worth $630,000 after acquiring an additional 54 shares during the period. Measured Wealth Private Client Group LLC increased its position in shares of Jabil by 2.1% during the third quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company's stock worth $613,000 after acquiring an additional 59 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Jabil by 2.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company's stock worth $483,000 after acquiring an additional 60 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Jabil by 8.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 752 shares of the technology company's stock worth $171,000 after acquiring an additional 61 shares during the period. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insider Buying and Selling

In other Jabil news, SVP May Yee Yap sold 1,634 shares of the company's stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $306.74, for a total value of $501,213.16. Following the completion of the transaction, the senior vice president owned 23,787 shares in the company, valued at $7,296,424.38. This represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Steven D. Borges sold 7,000 shares of the company's stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $290.00, for a total transaction of $2,030,000.00. Following the completion of the transaction, the executive vice president owned 76,524 shares of the company's stock, valued at $22,191,960. This represents a 8.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,981 shares of company stock valued at $11,360,740 over the last ninety days. Company insiders own 1.35% of the company's stock.

Jabil Stock Performance

NYSE:JBL opened at $363.42 on Friday. The firm has a market capitalization of $38.34 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 1.93 and a beta of 1.29. The business's fifty day moving average price is $316.75 and its 200 day moving average price is $264.33. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. Jabil, Inc. has a 12 month low of $164.69 and a 12 month high of $381.94.

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

Jabil Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on JBL shares. Barclays upped their price objective on Jabil from $283.00 to $304.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 18th. Stifel Nicolaus increased their price objective on shares of Jabil from $255.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, March 19th. Bank of America increased their price objective on shares of Jabil from $295.00 to $354.00 and gave the company a "buy" rating in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 11th. Finally, Weiss Ratings lowered Jabil from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $303.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.