APG Asset Management N.V. Lowers Stock Holdings in Jabil, Inc. $JBL

Key Points

• APG Asset Management N.V. reduced its stake in Jabil, Inc. by 29.9% during the first quarter, now holding 4,366 shares valued at approximately $550,000.
• Several large investors increased their positions in Jabil, including a 2,400% increase by Golden State Wealth Management LLC, reflecting growing institutional interest in the stock.
• Equities analysts have given Jabil shares a consensus rating of "Buy" with an average price target of $231.71, reflecting positive sentiment about the company's performance and growth outlook.

APG Asset Management N.V. trimmed its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 29.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,366 shares of the technology company's stock after selling 1,858 shares during the period. APG Asset Management N.V.'s holdings in Jabil were worth $550,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in JBL. 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. raised its holdings in Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after acquiring an additional 116 shares during the last quarter. Groupe la Francaise raised its holdings in Jabil by 35.2% in the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after acquiring an additional 64 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Jabil by 2,400.0% in the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after acquiring an additional 264 shares during the last quarter. Finally, True Wealth Design LLC raised its holdings in Jabil by 3,411.1% in the 4th quarter. True Wealth Design LLC now owns 316 shares of the technology company's stock worth $45,000 after acquiring an additional 307 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on JBL shares. Wall Street Zen lowered shares of Jabil from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Raymond James Financial restated a "strong-buy" rating and issued a $230.00 price objective (up from $170.00) on shares of Jabil in a report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their price objective on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. Finally, Stifel Nicolaus began coverage on shares of Jabil in a report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $231.71.

Jabil Price Performance

NYSE JBL opened at $208.49 on Wednesday. The business's fifty day moving average price is $218.18 and its 200-day moving average price is $175.09. The stock has a market capitalization of $22.38 billion, a price-to-earnings ratio of 40.48, a PEG ratio of 1.46 and a beta of 1.20. 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 1-year low of $99.67 and a 1-year high of $232.84.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share 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 analysts' expectations of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%.The company's revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 EPS. 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 analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

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

Insider Transactions at Jabil

In other news, EVP Frederic E. Mccoy sold 4,500 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total value of $1,005,975.00. Following the completion of the sale, the executive vice president directly owned 124,203 shares in the company, valued at $27,765,580.65. This represents a 3.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $219.20, for a total value of $4,384,000.00. Following the completion of the sale, the chairman owned 1,420,190 shares of the company's stock, valued at $311,305,648. This trade represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,847 shares of company stock worth $66,534,847 over the last three months. 1.73% of the stock is currently owned by insiders.

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).

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