Caisse DE Depot ET Placement DU Quebec Boosts Position in Jabil, Inc. $JBL

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Jabil, Inc., buying an additional 148,590 shares, bringing its total ownership to 178,003 shares valued at approximately $24.22 million.
• Several major institutional investors significantly increased their stakes in Jabil, with Point72 Asset Management growing its stake by 1,007.6% during the past quarter.
• Jabil recently announced a $0.08 dividend, with a yield of 14.0%, set to be paid on September 3rd for investors of record on August 18th.

Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 505.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,003 shares of the technology company's stock after purchasing an additional 148,590 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.17% of Jabil worth $24,221,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Point72 Asset Management L.P. boosted its holdings in Jabil by 1,007.6% during the fourth quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock worth $138,954,000 after purchasing an additional 878,444 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Jabil by 12.9% during 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 last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Jabil during the 1st quarter valued at $81,378,000. Jacobs Levy Equity Management Inc. increased its position in shares of Jabil by 16,190.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company's stock valued at $79,539,000 after purchasing an additional 549,347 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Jabil by 17,410.3% during the 1st quarter. GAMMA Investing LLC now owns 524,958 shares of the technology company's stock valued at $71,431,000 after purchasing an additional 521,960 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Price Performance

Shares of JBL traded down $5.24 during trading hours on Friday, reaching $204.63. 1,645,247 shares of the company's stock traded hands, compared to its average volume of 1,348,944. The stock has a market cap of $21.96 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 1.43 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. The firm's 50 day simple moving average is $218.35 and its 200-day simple moving average is $175.92. Jabil, Inc. has a 12 month low of $99.67 and a 12 month high of $232.84.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 60.19% and a net margin of 2.02%.The company's revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the company posted $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. Equities analysts expect that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 15th. Jabil's dividend payout ratio (DPR) is currently 6.21%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Barclays raised their target price on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Stifel Nicolaus started coverage on Jabil in a research note on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price target for the company. Wall Street Zen downgraded Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. The Goldman Sachs Group increased their price target on Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $230.00 price target (up previously from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. One 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $231.71.

Insider Activity at Jabil

In other Jabil news, EVP Steven D. Borges sold 22,443 shares of Jabil stock in a transaction that occurred 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 directly owned 102,803 shares of the company's stock, valued at $20,561,628.03. The trade was a 17.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Raymund sold 15,955 shares of Jabil stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $216.83, for a total value of $3,459,522.65. Following the completion of the transaction, the director directly owned 99,828 shares in the company, valued at $21,645,705.24. This trade represents a 13.78% 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 quarter. 1.73% of the stock is owned by company insiders.

About Jabil

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).