Jabil Inc. Shares (NYSE:JBL) acquired by Ensign Peak Advisors Inc

VaselineSeptember 26, 2024

0 4 minutes read

Ensign Peak Advisors Inc increased its stake in Jabil Inc. (NYSE:JBL – Free Report) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,577 shares of the technology company’s stock after buying an additional 705 shares during the period. Ensign Peak Advisors Inc’s holdings in Jabil were worth $6,264,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in shares of Jabil by 35.1% in the second quarter. Thrivent Financial for Lutherans now owns 73,200 shares of the technology company’s stock valued at $7,964,000 after buying an additional 19,011 shares during the last quarter. Pacer Advisors Inc. grew its position in Jabil by 17.9% in the second quarter. Pacer Advisors Inc. now owns 17,863 shares of the technology company’s stock valued at $1,943,000 after acquiring an additional 2,711 shares during the last quarter. AE Wealth Management LLC raised its stake in Jabil by 260.4% during the second quarter. AE Wealth Management LLC now owns 6,084 shares of the technology company’s stock valued at $662,000 after acquiring an additional 4,396 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Jabil by 129.2% during the second quarter. Canada Pension Plan Investment Board now owns 59,000 shares of the technology company’s stock worth $6,419,000 after buying an additional 33,256 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Jabil in the second quarter valued at $1,874,000. 93.39% of shares are held by hedge funds and other institutional investors.

Indoor activity

In other Jabil news, SVP May Yee Yap sold 4,274 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the transaction, the senior vice president now owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In other news, EVP Frederic E. McCoy sold 1,250 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the transaction, the executive vice president now owns 112,753 shares in the company, valued at $13,126,704.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total transaction of $500,228.96. Following the completion of the sale, the senior vice president now owns 24,829 shares in the company, valued at $2,905,986.16. The disclosure for this sale can be found here. Company insiders own 2.62% of the company’s shares.

Changes in Analyst Ratings

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Several equities research analysts have recently issued reports on the stock. Bank of America dropped their target price on shares of Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. Barclays cut their price target on Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. JPMorgan Chase & Co. decreased their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Stifel Nicolaus cut their price target on Jabil from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th. Finally, UBS Group dropped their target price on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Moderate Buy” and a consensus price target of $139.88, based on data from MarketBeat.

Check out our latest report on JBL

Jabil stock performance

Shares of JBL stock opened at $113.43 on Thursday. The firm has a market cap of $12.87 billion, a P/E ratio of 10.32, a P/E/G ratio of 2.23 and a beta of 1.25. The stock’s 50-day simple moving average is $106.90 and its 200-day simple moving average is $116.83. The company has a current ratio of 1.13, a quick ratio of 0.74, and a debt-to-equity ratio of 1.26. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $156.94.

Jabil announces dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were given a $0.08 dividend. The ex-dividend date was Thursday, August 15. This represents a dividend of $0.32 on an annualized basis and a dividend yield of 0.28%. Jabil’s payout ratio is currently 2.91%.

Jabil Company Profile

(Free Report)

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronic Manufacturing Services and Diversified Manufacturing Services. The company provides design, production and management services for electronic products; electronic circuit design services such as application specific integrated circuit design, firmware development and rapid prototyping services; and designs plastic and metal enclosures that include electromechanics such as printed circuit board assemblies (PCBAs).