Caxton Associates LLP Takes Position in Jabil, Inc. $JBL

Key Points

• Caxton Associates LLP acquired a new stake in Jabil, Inc., purchasing 5,534 shares valued at approximately $753,000 in the first quarter.
• Jabil's quarterly earnings exceeded expectations with $2.55 earnings per share, significantly above the consensus estimate of $2.28, alongside a 15.7% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.08, translating to an annualized dividend yield of 0.1%, with a dividend payout ratio of 6.21%.

Caxton Associates LLP purchased a new stake in Jabil, Inc. (NYSE:JBL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,534 shares of the technology company's stock, valued at approximately $753,000.

A number of other institutional investors have also recently added to or reduced their stakes in JBL. Wellington Management Group LLP grew its holdings in shares of Jabil by 12.9% during the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company's stock worth $892,096,000 after purchasing an additional 747,423 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Jabil by 15.7% in 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 boosted its stake in Jabil by 8.3% during the first quarter. Northern Trust Corp now owns 1,384,364 shares of the technology company's stock valued at $188,370,000 after buying an additional 105,632 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Jabil by 119.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company's stock worth $165,417,000 after purchasing an additional 662,938 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Jabil by 3.4% during the 1st 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 purchasing an additional 37,201 shares during the period. 93.39% of the stock is owned by institutional investors.

Insider Transactions at Jabil

In other news, Chairman Mark T. Mondello sold 150,000 shares of Jabil stock in a transaction that occurred 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 completion of the transaction, the chairman owned 1,560,192 shares in the company, valued at approximately $301,631,919.36. The trade was a 8.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Dastoor sold 18,234 shares of Jabil stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $191.66, for a total transaction of $3,494,728.44. Following the sale, the chief executive officer directly owned 203,459 shares of the company's stock, valued at $38,994,951.94. This represents a 8.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 332,847 shares of company stock valued at $67,200,247. 1.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Barclays increased their target price on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Wall Street Zen downgraded Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Bank of America raised their price objective on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Finally, Stifel Nicolaus assumed coverage on shares of Jabil in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective on the stock. One equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $231.71.

Jabil Trading Down 0.0%

NYSE JBL traded down $0.06 on Friday, hitting $214.22. The company's stock had a trading volume of 965,598 shares, compared to its average volume of 1,273,006. 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 firm has a market cap of $22.99 billion, a PE ratio of 41.60, a PEG ratio of 1.25 and a beta of 1.25. The company's 50-day moving average is $216.68 and its 200 day moving average is $178.83. Jabil, Inc. has a 1-year low of $103.82 and a 1-year high of $232.84.

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 for the quarter, topping the consensus estimate of $2.28 by $0.27. The business had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The firm's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were given a dividend of $0.08 per share. The ex-dividend date was Friday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil's payout ratio is 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).