CIBC Asset Management Inc Boosts Holdings in Jabil, Inc. $JBL

Key Points

• CIBC Asset Management increased its stake in Jabil by 75.7% in the fourth quarter, buying 11,124 additional shares and lifting its total holding to 25,823 shares valued at about $5.9 million.
• Jabil’s recent earnings topped expectations, with quarterly EPS of $2.69 versus the $2.51 estimate and revenue of $8.28 billion, up 23.1% year over year.
• Analysts remain generally positive on the stock: Jabil has a consensus rating of Moderate Buy with an average price target of $303.38, even as one firm recently downgraded it to Hold.

CIBC Asset Management Inc boosted its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 75.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,823 shares of the technology company's stock after buying an additional 11,124 shares during the quarter. CIBC Asset Management Inc's holdings in Jabil were worth $5,888,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Savant Capital LLC boosted its stake in Jabil by 0.9% during the third quarter. Savant Capital LLC now owns 5,828 shares of the technology company's stock worth $1,266,000 after buying an additional 54 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of Jabil by 1.9% during the third quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company's stock worth $630,000 after purchasing an additional 54 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its position in shares of Jabil by 2.1% during the third quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company's stock worth $613,000 after purchasing an additional 59 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Jabil by 2.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,225 shares of the technology company's stock worth $483,000 after purchasing an additional 60 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Jabil by 8.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 752 shares of the technology company's stock worth $171,000 after purchasing an additional 61 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JBL. Zacks Research downgraded Jabil from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 18th. Bank of America lifted their target price on Jabil from $295.00 to $354.00 and gave the stock a "buy" rating in a research report on Monday, April 20th. JPMorgan Chase & Co. lifted their target price on Jabil from $270.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, March 12th. UBS Group lifted their target price on Jabil from $244.00 to $254.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 10th. Finally, Barclays lifted their target price on Jabil from $283.00 to $304.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Jabil has an average rating of "Moderate Buy" and a consensus price target of $303.38.

Jabil Stock Performance

JBL stock opened at $353.05 on Friday. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68. The business has a 50-day moving average price of $328.74 and a 200 day moving average price of $270.56. The company has a market capitalization of $37.25 billion, a P/E ratio of 47.39, a PEG ratio of 1.83 and a beta of 1.28. Jabil, Inc. has a 1-year low of $174.00 and a 1-year high of $384.70.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.18. The firm had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm's quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 earnings per share. As a group, equities research analysts forecast that Jabil, Inc. will post 11.3 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, May 15th. Jabil's payout ratio is presently 4.30%.

Insider Transactions at Jabil

In related news, EVP Andrew Priestley sold 3,169 shares of Jabil stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $330.00, for a total value of $1,045,770.00. Following the completion of the sale, the executive vice president directly owned 57,098 shares in the company, valued at $18,842,340. The trade was a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Anousheh Ansari sold 2,000 shares of Jabil stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the director owned 31,800 shares of the company's stock, valued at $9,540,000. The trade was a 5.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,981 shares of company stock valued at $11,360,740 over the last three months. 1.35% of the stock is currently owned by corporate insiders.

Jabil Profile

Jabil Inc NYSE: JBL is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil's expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.

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