2,708 Shares in Jabil, Inc. $JBL Purchased by DRW Securities LLC

Key Points

• DRW Securities LLC has purchased a new position in Jabil, Inc., acquiring 2,708 shares valued at approximately $368,000 during the 1st quarter.
• Jabil's recent earnings report showed a significant increase, with $2.55 earnings per share, exceeding the analysts' expectations of $2.28, and revenues rising 15.7% year-over-year to $7.83 billion.
• The company has announced a quarterly dividend of $0.08, reflecting an annualized yield of 0.2%, with a payout ratio of 6.21%.

DRW Securities LLC acquired a new stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,708 shares of the technology company's stock, valued at approximately $368,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Panagora Asset Management Inc. lifted its holdings in shares of Jabil by 73.9% during the 1st quarter. Panagora Asset Management Inc. now owns 10,592 shares of the technology company's stock valued at $1,441,000 after purchasing an additional 4,500 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of Jabil by 24.6% during the 1st quarter. Vident Advisory LLC now owns 6,946 shares of the technology company's stock valued at $945,000 after purchasing an additional 1,373 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Jabil by 6.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 74,000 shares of the technology company's stock valued at $10,069,000 after purchasing an additional 4,258 shares during the last quarter. Te Ahumairangi Investment Management Ltd raised its stake in Jabil by 30.2% in the 1st quarter. Te Ahumairangi Investment Management Ltd now owns 21,187 shares of the technology company's stock worth $2,883,000 after acquiring an additional 4,920 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in Jabil in the 1st quarter worth $504,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insider Activity

In other news, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $200.02, for a total transaction of $4,000,400.00. Following the sale, the chairman directly owned 1,400,190 shares in the company, valued at $280,066,003.80. This trade represents a 1.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Frederic E. Mccoy sold 4,500 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $223.55, for a total value of $1,005,975.00. Following the sale, the executive vice president owned 124,203 shares in the company, valued at $27,765,580.65. This trade represents a 3.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 332,847 shares of company stock worth $67,200,247. 1.73% of the stock is currently owned by corporate insiders.

Jabil Stock Performance

Shares of NYSE JBL traded up $1.97 during trading on Friday, reaching $209.94. 1,116,933 shares of the company traded hands, compared to its average volume of 1,348,530. The firm's fifty day simple moving average is $217.55 and its 200 day simple moving average is $177.12. The stock has a market cap of $22.53 billion, a P/E ratio of 40.77, a PEG ratio of 1.21 and a beta of 1.25. Jabil, Inc. has a 12-month low of $99.67 and a 12-month high of $232.84. 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 posted its earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%.The firm had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. During the same period last year, the firm earned $1.89 EPS. The company's quarterly revenue was up 15.7% on a year-over-year basis. 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, research analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.2%. Jabil's dividend payout ratio (DPR) is 6.21%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Zacks Research lowered Jabil from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Stifel Nicolaus assumed coverage on Jabil in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 target price for the company. UBS Group raised their target price on Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Wall Street Zen lowered Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Bank of America raised their target price on Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $231.71.

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).