Clark Capital Management Group Inc. Has $1.05 Million Stake in Jabil, Inc. $JBL

Key Points

• Clark Capital Management Group Inc. increased its stake in Jabil, Inc. by 232.5% during the first quarter, bringing its holdings to approximately $1.05 million.
• Several hedge funds, including Concentric Capital and Amundi, have also significantly increased their positions in Jabil along with institutional investors owning 93.39% of the company's stock.
• Equities analysts show a mixed outlook on Jabil, with recent ratings upgrades and price targets ranging from $188.00 to $256.00, indicating a general consensus of a "Moderate Buy."

Clark Capital Management Group Inc. raised its stake in Jabil, Inc. (NYSE:JBL - Free Report) by 232.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,695 shares of the technology company's stock after acquiring an additional 5,381 shares during the quarter. Clark Capital Management Group Inc.'s holdings in Jabil were worth $1,047,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in JBL. Groupe la Francaise increased its stake in Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock valued at $34,000 after acquiring an additional 64 shares during the last quarter. Keeley Teton Advisors LLC boosted its holdings in shares of Jabil by 0.3% in the 1st quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company's stock valued at $3,456,000 after purchasing an additional 64 shares in the last quarter. Cordatus Wealth Management LLC boosted its holdings in shares of Jabil by 2.9% in the 1st quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company's stock valued at $330,000 after purchasing an additional 68 shares in the last quarter. AlphaCore Capital LLC increased its stake in shares of Jabil by 2.4% in the 1st quarter. AlphaCore Capital LLC now owns 3,206 shares of the technology company's stock valued at $436,000 after purchasing an additional 76 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Jabil by 22.5% during the 1st quarter. Allworth Financial LP now owns 529 shares of the technology company's stock worth $77,000 after buying an additional 97 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Insider Buying and Selling

In other Jabil news, Director Steven A. Raymund sold 13,432 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $223.11, for a total transaction of $2,996,813.52. Following the completion of the sale, the director directly owned 86,396 shares in the company, valued at approximately $19,275,811.56. This trade represents a 13.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew Priestley sold 3,702 shares of Jabil stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $225.00, for a total value of $832,950.00. Following the completion of the transaction, the executive vice president directly owned 44,833 shares of the company's stock, valued at approximately $10,087,425. This trade represents a 7.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 332,847 shares of company stock worth $67,200,247. Corporate insiders own 1.73% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on JBL shares. Stifel Nicolaus assumed coverage on Jabil in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective on the stock. Wall Street Zen downgraded Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Zacks Research cut shares of Jabil from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Raymond James Financial reissued a "strong-buy" rating and issued a $230.00 price objective (up previously from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Jabil presently has an average rating of "Moderate Buy" and a consensus price target of $231.71.

Jabil Trading Down 0.6%

NYSE:JBL traded down $1.28 during trading hours on Thursday, hitting $214.44. 863,241 shares of the company were exchanged, compared to its average volume of 1,312,550. The stock has a market capitalization of $23.01 billion, a price-to-earnings ratio of 41.64, a price-to-earnings-growth ratio of 1.26 and a beta of 1.25. Jabil, Inc. has a one year low of $102.57 and a one year high of $232.84. The company has a fifty day simple moving average of $216.89 and a 200 day simple moving average of $178.44. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85.

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 for the quarter, beating the consensus estimate of $2.28 by $0.27. The company had revenue of $7.83 billion during the quarter, compared to analysts' expectations of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%.The business's quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. Sell-side analysts expect that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

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