Jabil, Inc. $JBL Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC reduced its stake in Jabil, Inc. by 22.8%, selling 218,833 shares during the 1st quarter, leaving the firm with 0.69% ownership valued at approximately $99.36 million.
• Recent insider activity includes Jabil's Chairman Mark T. Mondello selling 150,000 shares worth $28.99 million, while insiders collectively sold 332,847 shares valued at over $67.2 million in the last ninety days.
• Jabil reported a $2.55 EPS for the quarter, exceeding analyst estimates, and the company's stock has a current market capitalization of $22.30 billion with significant price targets set by analysts ranging up to $256.00.

AQR Capital Management LLC decreased its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 22.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 739,332 shares of the technology company's stock after selling 218,833 shares during the period. AQR Capital Management LLC owned 0.69% of Jabil worth $99,359,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Jabil by 12.9% in the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company's stock valued at $892,096,000 after buying an additional 747,423 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Jabil by 15.7% in the first quarter. JPMorgan Chase & Co. now owns 2,173,095 shares of the technology company's stock valued at $295,693,000 after buying an additional 295,496 shares during the last quarter. Northern Trust Corp raised its position in shares of Jabil by 8.3% in the first quarter. Northern Trust Corp now owns 1,384,364 shares of the technology company's stock valued at $188,370,000 after buying an additional 105,632 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Jabil by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 1,118,282 shares of the technology company's stock valued at $152,165,000 after purchasing an additional 37,201 shares during the period. Finally, Point72 Asset Management L.P. grew its position in shares of Jabil by 1,007.6% in the fourth quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock valued at $138,954,000 after purchasing an additional 878,444 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Transactions at Jabil

In other Jabil news, Director Anousheh Ansari sold 1,000 shares of the company's stock in a transaction that occurred 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 owned 36,400 shares in the company, valued at $8,108,100. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Andrew Priestley sold 3,702 shares of the company's stock in a transaction that occurred 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 $10,087,425. The trade was a 7.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 332,847 shares of company stock valued at $67,200,247 over the last ninety days. 1.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on JBL shares. Wall Street Zen downgraded Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. lifted their price objective on Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Argus raised Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $230.00 price objective (up previously from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Finally, UBS Group lifted their target price on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $231.71.

Jabil Stock Up 0.1%

Shares of JBL traded up $0.11 during midday trading on Tuesday, reaching $209.28. 775,087 shares of the company were exchanged, compared to its average volume of 1,409,602. The stock has a 50-day moving average price of $217.36 and a 200-day moving average price of $177.58. The company has a market cap of $22.46 billion, a price-to-earnings ratio of 40.64, a P/E/G ratio of 1.23 and a beta of 1.25. Jabil, Inc. has a 1-year low of $99.67 and a 1-year high of $232.84. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85.

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

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.2%. Jabil's dividend payout ratio is currently 6.21%.

Jabil 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).