Corient IA LLC Invests $544,000 in Jabil, Inc. $JBL

Key Points

• Corient IA LLC purchased 4,000 shares of Jabil, Inc. valued at approximately $544,000, indicating growing interest from institutional investors, with 93.39% of the stock now owned by such entities.
• Jabil's stock has received several upgrades from analysts, with target prices raised significantly, including a shift from $214.00 to $256.00 by JPMorgan Chase & Co., showing strong market confidence.
• The company reported a quarterly earnings per share of $2.55, surpassing estimates, as well as a 15.7% revenue increase year-over-year, reflecting robust performance amidst a competitive technology landscape.

Corient IA LLC acquired a new position in Jabil, Inc. (NYSE:JBL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,000 shares of the technology company's stock, valued at approximately $544,000.

A number of other institutional investors have also added to or reduced their stakes in JBL. Creative Financial Designs Inc. ADV bought a new position in Jabil during the 1st quarter valued at about $27,000. Harbor Capital Advisors Inc. increased its position in Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock valued at $30,000 after acquiring an additional 116 shares during the last quarter. Golden State Wealth Management LLC increased its position in Jabil by 2,400.0% in the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after buying an additional 264 shares in the last quarter. True Wealth Design LLC raised its stake in Jabil by 3,411.1% during the 4th quarter. True Wealth Design LLC now owns 316 shares of the technology company's stock worth $45,000 after acquiring an additional 307 shares during the period. Finally, Wayfinding Financial LLC purchased a new position in Jabil during the first quarter valued at approximately $52,000. Institutional investors own 93.39% of the company's stock.

Insider Activity

In other news, Director Steven A. Raymund sold 13,432 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $223.11, for a total value of $2,996,813.52. Following the transaction, the director owned 86,396 shares in the company, valued at $19,275,811.56. This trade represents a 13.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andrew Priestley sold 3,702 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $225.00, for a total transaction of $832,950.00. Following the sale, the executive vice president directly owned 44,833 shares of the company's stock, valued at $10,087,425. The trade was a 7.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 332,847 shares of company stock valued at $66,534,847 in the last three months. Corporate insiders own 1.73% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on JBL. Stifel Nicolaus started coverage on Jabil in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective on the stock. Barclays lifted their price target on Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. UBS Group raised their price objective on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. The Goldman Sachs Group raised their target price on shares of Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $231.71.

Jabil Stock Performance

Shares of NYSE:JBL traded down $9.7850 during midday trading on Tuesday, reaching $205.8750. The company's stock had a trading volume of 2,003,779 shares, compared to its average volume of 1,292,040. The firm has a market capitalization of $22.09 billion, a PE ratio of 39.98, a P/E/G ratio of 1.51 and a beta of 1.20. Jabil, Inc. has a twelve month low of $99.67 and a twelve month high of $232.84. The stock has a fifty day moving average of $215.68 and a 200 day moving average of $173.56. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.27. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. The business's quarterly 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. On average, equities analysts expect that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 14.0%. Jabil's dividend 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).