ASR Vermogensbeheer N.V. Purchases Shares of 5,225 Jabil, Inc. (NYSE:JBL)

Key Points

• ASR Vermogensbeheer N.V. acquired a new stake of 5,225 shares in Jabil, Inc., valued at approximately $711,000, as reported in a recent 13F filing with the SEC.
• Jabil reported earnings per share (EPS) of $2.55 for the latest quarter, exceeding analysts' expectations by $0.27, alongside revenue of $7.83 billion, up 15.7% year-over-year.
• Institutional investors own 93.39% of Jabil's stock, highlighting strong institutional interest and support in the company.

ASR Vermogensbeheer N.V. bought a new stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,225 shares of the technology company's stock, valued at approximately $711,000.

Several other institutional investors and hedge funds also recently made changes to their positions in JBL. Robeco Institutional Asset Management B.V. boosted its holdings in Jabil by 84.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 13,568 shares of the technology company's stock worth $1,846,000 after acquiring an additional 6,225 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Jabil by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 242,977 shares of the technology company's stock worth $33,062,000 after purchasing an additional 18,126 shares during the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Jabil by 7.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,326 shares of the technology company's stock worth $453,000 after purchasing an additional 217 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new stake in shares of Jabil in the first quarter worth approximately $214,000. Finally, QRG Capital Management Inc. raised its stake in shares of Jabil by 2.3% in the first quarter. QRG Capital Management Inc. now owns 5,978 shares of the technology company's stock worth $813,000 after purchasing an additional 132 shares during the last quarter. Institutional investors own 93.39% of the company's stock.

Analyst Ratings Changes

JBL has been the subject of several analyst reports. Stifel Nicolaus initiated coverage on Jabil in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective for the company. Wall Street Zen downgraded Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Bank of America increased their price target on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Argus raised Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. Finally, UBS Group raised their target price on Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Jabil presently has an average rating of "Buy" and an average price target of $231.71.

Jabil Trading Up 3.4%

Shares of JBL traded up $7.59 during trading hours on Tuesday, hitting $230.26. The company had a trading volume of 1,135,026 shares, compared to its average volume of 1,245,772. Jabil, Inc. has a 52-week low of $99.67 and a 52-week high of $232.84. The firm has a market cap of $24.71 billion, a P/E ratio of 44.71, a P/E/G ratio of 1.56 and a beta of 1.20. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. The stock's 50 day moving average price is $211.75 and its 200 day moving average price is $171.71.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. During the same period in the previous year, the firm posted $1.89 EPS. The business's revenue for the quarter was up 15.7% compared to the same quarter last year. On average, research analysts predict that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

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

Insider Buying and Selling

In related news, EVP Andrew Priestley sold 13,913 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total value of $2,826,704.21. Following the completion of the transaction, the executive vice president directly owned 53,528 shares of the company's stock, valued at approximately $10,875,283.76. This trade represents a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven D. Borges sold 22,443 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $200.01, for a total transaction of $4,488,824.43. Following the transaction, the executive vice president owned 102,803 shares of the company's stock, valued at $20,561,628.03. This trade represents a 17.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 342,847 shares of company stock worth $68,233,847 in the last three months. Corporate insiders own 1.73% of the company's stock.

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).