BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $3.77 Million Holdings in Jabil, Inc. $JBL

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Jabil, Inc. by 957% in the first quarter, purchasing an additional 25,093 shares to bring its total holdings to 27,715 shares, valued at approximately $3.77 million.
• Several analysts have recently set new price targets for Jabil, with Bank of America and Stifel Nicolaus both issuing "buy" ratings and targeting prices of $245.00, reflecting a positive outlook for the stock.
• CEO Michael Dastoor and Director Steven A. Raymund sold significant amounts of stock, with Dastoor selling 18,234 shares for around $3.5 million, indicating a notable volume of insider transactions.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Jabil, Inc. (NYSE:JBL - Free Report) by 957.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,715 shares of the technology company's stock after buying an additional 25,093 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Jabil were worth $3,771,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of JBL. Wellington Management Group LLP boosted its position in shares of Jabil by 12.9% in the 1st quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company's stock valued at $892,096,000 after purchasing an additional 747,423 shares during the period. JPMorgan Chase & Co. grew its position in Jabil by 15.7% during the 1st quarter. JPMorgan Chase & Co. now owns 2,173,095 shares of the technology company's stock worth $295,693,000 after purchasing an additional 295,496 shares in the last quarter. Northern Trust Corp lifted its holdings 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 purchasing an additional 105,632 shares in the last quarter. Bank of New York Mellon Corp raised its position in Jabil by 3.4% during 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 buying an additional 37,201 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in Jabil by 1,007.6% during the 4th quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock valued at $138,954,000 after acquiring an additional 878,444 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Mark T. Mondello sold 150,000 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $193.33, for a total value of $28,999,500.00. Following the sale, the chairman owned 1,560,192 shares of the company's stock, valued at $301,631,919.36. The trade was a 8.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven D. Borges sold 22,443 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $200.01, for a total value 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 represents a 17.92% 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 in the last 90 days. 1.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on JBL shares. Bank of America increased their target price on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Wall Street Zen cut shares of Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Stifel Nicolaus began coverage on shares of Jabil in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective for the company. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $230.00 price target (up previously from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. increased their price target on Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Jabil has an average rating of "Buy" and an average price target of $231.71.

Jabil Stock Performance

Shares of NYSE:JBL traded up $0.8540 on Thursday, hitting $204.9040. 1,048,942 shares of the company were exchanged, compared to its average volume of 1,343,710. Jabil, Inc. has a one year low of $99.67 and a one year high of $232.84. The firm has a market capitalization of $21.99 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 1.43 and a beta of 1.20. The company's 50 day moving average price is $216.71 and its two-hundred day moving average price is $174.08. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $7.03 billion. During the same quarter in the prior year, the firm posted $1.89 EPS. The company's revenue for the quarter 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 announced a dividend, which will be paid on Wednesday, September 3rd. Stockholders 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 dividend yield of 14.0%. Jabil's dividend payout ratio is presently 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).