Employees Retirement System of Texas Sells 17,151 Shares of Jabil, Inc. $JBL

by · The Cerbat Gem

Employees Retirement System of Texas reduced its stake in shares of Jabil, Inc. (NYSE:JBLFree Report) by 28.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,924 shares of the technology company’s stock after selling 17,151 shares during the quarter. Employees Retirement System of Texas’ holdings in Jabil were worth $10,016,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Savant Capital LLC increased its position in shares of Jabil by 0.9% during the 3rd quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock worth $1,266,000 after purchasing an additional 54 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Jabil by 1.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock worth $630,000 after purchasing an additional 54 shares during the last quarter. Measured Wealth Private Client Group LLC increased its position in shares of Jabil by 2.1% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company’s stock worth $613,000 after purchasing an additional 59 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Jabil by 2.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company’s stock worth $483,000 after purchasing an additional 60 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Jabil by 8.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 752 shares of the technology company’s stock worth $171,000 after purchasing an additional 61 shares during the last quarter. 93.39% of the stock is owned by institutional investors.

Jabil Stock Performance

NYSE JBL opened at $380.61 on Wednesday. The company has a market cap of $40.15 billion, a P/E ratio of 51.09, a P/E/G ratio of 1.89 and a beta of 1.29. 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 stock has a 50-day moving average of $312.48 and a two-hundred day moving average of $262.18. Jabil, Inc. has a 1-year low of $164.69 and a 1-year high of $381.38.

Jabil (NYSE:JBLGet Free Report) last released its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.18. The company had revenue of $8.28 billion during 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%.Jabil’s revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 EPS. As a group, analysts anticipate that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Stifel Nicolaus raised their price objective on Jabil from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. raised their price objective on Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Weiss Ratings downgraded Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Bank of America raised their price objective on Jabil from $295.00 to $354.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Zacks Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $303.38.

Check Out Our Latest Stock Report on Jabil

Insider Buying and Selling

In other Jabil news, SVP May Yee Yap sold 1,634 shares of Jabil stock in a transaction dated Thursday, April 16th. The stock was 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 directly owned 23,787 shares of the company’s stock, valued at $7,296,424.38. The trade was a 6.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven D. Borges sold 7,000 shares of Jabil 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 of the company’s stock, valued at approximately $22,191,960. This represents a 8.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,981 shares of company stock worth $11,360,740 over the last 90 days. 1.35% of the stock is owned by insiders.

Jabil Company Profile

(Free Report)

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.

Further Reading

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