Jabil, Inc. $JBL Position Trimmed by Empowered Funds LLC

Key Points

• Empowered Funds LLC has reduced its holdings in Jabil, Inc. by 43.5%, now owning 76,323 shares, valued at approximately $10.39 million.
• Several institutional investors, including Wellington Management and JPMorgan Chase, have increased their stakes in Jabil, showcasing strong interest with institutional ownership at 93.39%.
• Analysts have mixed ratings on Jabil's stock, with average target prices ranging from $208.00 to $256.00, indicating a consensus rating of "Moderate Buy."

Empowered Funds LLC cut its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 43.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,323 shares of the technology company's stock after selling 58,880 shares during the quarter. Empowered Funds LLC owned approximately 0.07% of Jabil worth $10,385,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. MBB Public Markets I LLC purchased a new stake in shares of Jabil during the first quarter worth about $307,000. Ascent Group LLC grew its holdings in shares of Jabil by 8.7% during the first quarter. Ascent Group LLC now owns 2,897 shares of the technology company's stock worth $394,000 after buying an additional 232 shares in the last quarter. Meiji Yasuda Life Insurance Co purchased a new stake in shares of Jabil during the first quarter worth about $586,000. Coppell Advisory Solutions LLC grew its holdings in shares of Jabil by 45,748.3% during the first quarter. Coppell Advisory Solutions LLC now owns 26,592 shares of the technology company's stock worth $3,618,000 after buying an additional 26,534 shares in the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Jabil during the first quarter worth about $316,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Stock Down 0.0%

Shares of NYSE JBL traded down $0.06 during trading on Friday, reaching $214.22. 965,598 shares of the stock were exchanged, compared to its average volume of 1,273,006. The business's 50-day moving average price is $216.68 and its 200 day moving average price is $178.83. Jabil, Inc. has a twelve month low of $103.82 and a twelve month high of $232.84. 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 company has a market capitalization of $22.99 billion, a price-to-earnings ratio of 41.60, a price-to-earnings-growth ratio of 1.25 and a beta of 1.25.

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, topping analysts' consensus estimates of $2.28 by $0.27. The business had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The business's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, equities analysts forecast that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, August 15th. Jabil's payout ratio is 6.21%.

Insiders Place Their Bets

In related news, EVP Frederic E. Mccoy sold 4,500 shares of Jabil stock in a transaction on 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 completion of the sale, the executive vice president owned 124,203 shares in the company, valued at approximately $27,765,580.65. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew Priestley sold 3,702 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $225.00, for a total transaction of $832,950.00. Following the sale, the executive vice president owned 44,833 shares of the company's stock, valued at approximately $10,087,425. The trade was a 7.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 332,847 shares of company stock valued at $67,200,247. 1.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

JBL has been the subject of a number of recent research reports. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. Wall Street Zen cut shares of Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. raised their target price on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Stifel Nicolaus began coverage on shares of Jabil in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 target price on the stock. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $230.00 target price (up from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $231.71.

About Jabil

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).