Credit Agricole S A Acquires 6,797 Shares of Jabil, Inc. $JBL

Key Points

• Credit Agricole S A increased its stake in Jabil, Inc. by 12.4%, adding 6,797 shares to bring its total holdings to 61,755 shares valued at approximately $8.4 million.
• Several institutional investors, including MML Investors Services LLC and MetLife Investment Management LLC, have recently raised their stakes in Jabil, now resulting in institutional ownership of over 93% of the company's stock.
• Jabil's recent earnings report showed a 15.7% increase in revenue year-over-year, with a profit of $2.55 EPS, exceeding analysts' expectations.

Credit Agricole S A boosted its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 12.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,755 shares of the technology company's stock after acquiring an additional 6,797 shares during the period. Credit Agricole S A owned approximately 0.06% of Jabil worth $8,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of JBL. MetLife Investment Management LLC raised its stake in shares of Jabil by 1.2% in the 4th quarter. MetLife Investment Management LLC now owns 30,222 shares of the technology company's stock valued at $4,349,000 after purchasing an additional 367 shares during the period. MML Investors Services LLC raised its stake in shares of Jabil by 147.0% in the 4th quarter. MML Investors Services LLC now owns 13,651 shares of the technology company's stock valued at $1,964,000 after purchasing an additional 8,125 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Jabil by 94.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,239 shares of the technology company's stock valued at $1,186,000 after purchasing an additional 3,994 shares during the period. Hsbc Holdings PLC raised its stake in shares of Jabil by 47.4% in the 4th quarter. Hsbc Holdings PLC now owns 246,875 shares of the technology company's stock valued at $35,596,000 after purchasing an additional 79,354 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Jabil by 4.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 200,032 shares of the technology company's stock valued at $28,786,000 after purchasing an additional 7,940 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Argus raised Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. Barclays lifted their price target on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. UBS Group lifted their target price on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Stifel Nicolaus began coverage on Jabil in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 target price on the stock. Finally, Wall Street Zen downgraded Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $231.71.

Insiders Place Their Bets

In other Jabil news, 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 value of $832,950.00. Following the transaction, the executive vice president directly owned 44,833 shares of the company's stock, valued at $10,087,425. This represents a 7.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $219.20, for a total transaction of $4,384,000.00. Following the completion of the transaction, the chairman owned 1,420,190 shares in the company, valued at $311,305,648. This trade represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,847 shares of company stock worth $66,534,847 over the last three months. 1.73% of the stock is currently owned by corporate insiders.

Jabil Price Performance

NYSE:JBL opened at $204.9040 on Friday. 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 50 day moving average price is $216.71 and its two-hundred day moving average price is $174.08. The firm has a market capitalization of $21.99 billion, a price-to-earnings ratio of 39.79, a P/E/G ratio of 1.43 and a beta of 1.20. Jabil, Inc. has a 12-month low of $99.67 and a 12-month high of $232.84.

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 (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%.The business's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior 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. On average, analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current 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. This represents a yield of 14.0%. The ex-dividend date of this dividend is Friday, August 15th. Jabil's dividend payout ratio (DPR) is presently 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).

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