American Century Companies Inc. Buys 153,892 Shares of Jabil, Inc. $JBL

Key Points

• American Century Companies Inc. increased its stake in Jabil, Inc. by 62.5% in the first quarter, owning a total of 400,090 shares valued at $54.44 million.
• Jabil's stock received multiple upgrades from analysts, with price targets set as high as $245, reflecting a strong investor sentiment.
• The technology company recently reported earnings per share (EPS) of $2.55 for the last quarter, surpassing analysts' expectations and highlighting a year-over-year revenue growth of 15.7%.

American Century Companies Inc. lifted its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 62.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 400,090 shares of the technology company's stock after buying an additional 153,892 shares during the period. American Century Companies Inc. owned about 0.37% of Jabil worth $54,440,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Creative Financial Designs Inc. ADV purchased a new position in shares of Jabil during the first quarter valued at approximately $27,000. Harbor Capital Advisors Inc. boosted its position in shares of Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock valued at $30,000 after buying an additional 116 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock valued at $37,000 after buying an additional 264 shares during the last quarter. True Wealth Design LLC boosted its position in shares of Jabil by 3,411.1% during the fourth quarter. True Wealth Design LLC now owns 316 shares of the technology company's stock valued at $45,000 after buying an additional 307 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new position in shares of Jabil during the first quarter valued at approximately $52,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Stock Performance

Shares of JBL traded up $4.35 during mid-day trading on Friday, hitting $209.41. The stock had a trading volume of 1,033,584 shares, compared to its average volume of 1,299,426. The firm has a market cap of $22.47 billion, a P/E ratio of 40.66, a PEG ratio of 1.47 and a beta of 1.20. The business has a fifty day moving average price of $217.38 and a 200-day moving average price of $174.49. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64. Jabil, Inc. has a 52 week low of $99.67 and a 52 week high of $232.84.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%.The business's revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 earnings per share. Jabil has set its FY 2025 guidance at 9.330-9.330 EPS. Q4 2025 guidance at 2.640-3.040 EPS. On average, equities research analysts expect that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a $0.08 dividend. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 14.0%. Jabil's payout ratio is presently 6.21%.

Insider Transactions at Jabil

In related news, Director Anousheh Ansari sold 1,000 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $222.75, for a total transaction of $222,750.00. Following the sale, the director directly owned 36,400 shares in the company, valued at approximately $8,108,100. The trade was a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Priestley sold 3,702 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $225.00, for a total value of $832,950.00. Following the sale, the executive vice president owned 44,833 shares in the company, valued at approximately $10,087,425. The trade was a 7.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 332,847 shares of company stock valued at $66,534,847. 1.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. UBS Group lifted their target price on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. The Goldman Sachs Group boosted their price objective on Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Stifel Nicolaus began coverage on Jabil in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective on the stock. Barclays boosted their price objective on Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Finally, Bank of America boosted their price objective on Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $231.71.

Jabil Company Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; 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 the electro-mechanics, such as the printed circuit board assemblies (PCBA).