Canada Pension Plan Investment Board Buys 4,258 Shares of Jabil, Inc. $JBL

Key Points

• The Canada Pension Plan Investment Board increased its stake in Jabil, Inc. by 6.1%, owning 74,000 shares valued at approximately $10 million by the end of the most recent quarter.
• Jabil reported a $2.55 EPS for the last quarter, exceeding estimates, with revenues of $7.83 billion, marking a 15.7% increase from the previous year.
• The company announced a quarterly dividend of $0.08 per share, with an annualized yield of 0.2%, reflecting a sustainable payout ratio of 6.21%.

Canada Pension Plan Investment Board boosted its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 6.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,000 shares of the technology company's stock after buying an additional 4,258 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.07% of Jabil worth $10,069,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV bought a new stake in shares of Jabil during the first quarter worth $27,000. Harbor Capital Advisors Inc. grew its stake 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 during the last quarter. Groupe la Francaise grew its holdings in shares of Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after purchasing an additional 64 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after purchasing an additional 264 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Jabil during the first quarter worth about $52,000. Institutional investors own 93.39% of the company's stock.

Jabil Trading Up 0.9%

JBL traded up $1.97 during trading on Friday, hitting $209.94. The company's stock had a trading volume of 1,116,933 shares, compared to its average volume of 1,348,530. Jabil, Inc. has a twelve month low of $99.67 and a twelve 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. The stock's fifty day moving average price is $217.55 and its 200-day moving average price is $177.18. The firm has a market capitalization of $22.53 billion, a P/E ratio of 40.77, a PEG ratio of 1.22 and a beta of 1.25.

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 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 for the quarter, compared to analyst estimates of $7.03 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. The company's revenue was up 15.7% compared to the same quarter last year. Jabil has set its FY 2025 guidance at 9.330-9.330 EPS. Q4 2025 guidance at 2.640-3.040 EPS. Analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were given 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 was Friday, August 15th. Jabil's dividend payout ratio is presently 6.21%.

Insider Activity at Jabil

In related news, EVP Steven D. Borges sold 22,443 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $200.01, for a total value of $4,488,824.43. Following the sale, the executive vice president owned 102,803 shares in the company, valued at $20,561,628.03. This represents a 17.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Andrew Priestley sold 13,913 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was 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 owned 53,528 shares in the company, valued at $10,875,283.76. This represents a 20.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 332,847 shares of company stock valued at $67,200,247 over the last three months. 1.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

JBL has been the topic of several research reports. Barclays boosted their price target on Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Stifel Nicolaus initiated coverage on Jabil in a report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price target on the stock. Wall Street Zen cut Jabil from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. JPMorgan Chase & Co. boosted their price target on Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, UBS Group boosted their price target on Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $231.71.

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).