Brandywine Global Investment Management LLC Grows Holdings in Jabil, Inc. $JBL

Key Points

• Brandywine Global Investment Management LLC has increased its stake in Jabil, Inc. by 14.8%, owning approximately $34.25 million worth of shares as per its latest SEC filing.
• Jabil reported impressive quarterly earnings of $2.55 per share, exceeding analyst expectations of $2.28, with revenue also surpassing estimates at $7.83 billion, marking a 15.7% year-over-year increase.
• The company has announced a $0.08 dividend to be paid on September 3rd, representing a 14.0% yield, with a low payout ratio of 6.21%.

Brandywine Global Investment Management LLC lifted its position in Jabil, Inc. (NYSE:JBL - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 251,705 shares of the technology company's stock after buying an additional 32,544 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.23% of Jabil worth $34,249,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of JBL. Creative Financial Designs Inc. ADV bought a new stake in Jabil during the first quarter valued at about $27,000. Harbor Capital Advisors Inc. increased its holdings 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 worth $30,000 after buying an additional 116 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Jabil by 2,400.0% in the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock valued at $37,000 after purchasing an additional 264 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of Jabil by 3,411.1% in the fourth quarter. True Wealth Design LLC now owns 316 shares of the technology company's stock valued at $45,000 after purchasing an additional 307 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Jabil in the first quarter valued at approximately $52,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 150,000 shares of Jabil stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $193.33, for a total value of $28,999,500.00. Following the completion of the sale, the chairman directly owned 1,560,192 shares of the company's stock, valued at approximately $301,631,919.36. The trade was a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Andrew Priestley sold 13,913 shares of Jabil stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 332,847 shares of company stock valued at $66,534,847 over the last three months. 1.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on JBL. UBS Group lifted their target price on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. Barclays boosted their price objective on shares of Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Raymond James Financial reissued a "strong-buy" rating and set a $230.00 price target (up from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Finally, Wall Street Zen cut shares of Jabil from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $231.71.

Jabil Trading Down 4.5%

Shares of JBL stock traded down $9.7850 during trading hours on Tuesday, hitting $205.8750. 2,003,779 shares of the company's stock traded hands, compared to its average volume of 1,418,015. The stock's 50 day simple moving average is $215.13 and its 200 day simple moving average is $173.33. The stock has a market cap of $22.09 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. Jabil, Inc. has a 12 month low of $99.67 and a 12 month high of $232.84. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85.

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 (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The company's revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $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, sell-side analysts anticipate 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. Investors of record on Monday, August 18th will be paid a dividend of $0.08 per share. This represents a yield of 14.0%. The ex-dividend date of this dividend is Friday, August 15th. Jabil's dividend payout ratio (DPR) is currently 6.21%.

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).