First Hawaiian Bank Has $1.45 Million Stock Holdings in Jabil, Inc. $JBL

Key Points

• First Hawaiian Bank increased its stake in Jabil, Inc. by 47.9% during the first quarter, raising its holdings to approximately $1.45 million.
• Analysts have mixed ratings on Jabil, with one strong buy, six buy, and two hold ratings, and an average target price of $231.71.
• Jabil reported earnings of $2.55 per share, exceeding expectations, and achieved $7.83 billion in revenue for the quarter, marking a 15.7% year-over-year increase.

First Hawaiian Bank raised its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 47.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,647 shares of the technology company's stock after purchasing an additional 3,447 shares during the quarter. First Hawaiian Bank's holdings in Jabil were worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new stake in Jabil in the 1st quarter valued at $27,000. Harbor Capital Advisors Inc. boosted its stake in shares of Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock valued at $30,000 after purchasing an additional 116 shares in the last quarter. Groupe la Francaise grew its holdings in shares of Jabil by 35.2% in the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after purchasing an additional 64 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of Jabil by 2,400.0% during the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after purchasing an additional 264 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Jabil during the 1st quarter worth about $52,000. 93.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on JBL shares. Zacks Research lowered shares of Jabil from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Stifel Nicolaus began coverage on Jabil in a research report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Bank of America boosted their price objective on Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Finally, Barclays increased their target price on Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $231.71.

Jabil Stock Down 0.0%

Shares of JBL opened at $214.22 on Friday. The business's fifty day moving average price is $216.68 and its two-hundred day moving average price is $178.97. The firm has a market capitalization of $22.99 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 1.25 and a beta of 1.25. Jabil, Inc. has a 52 week low of $103.82 and a 52 week high of $232.84. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98.

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 (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. The business 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 firm'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 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. On average, analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

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

Insider Buying and Selling at Jabil

In related news, Director Steven A. Raymund sold 13,432 shares of Jabil stock in a transaction on 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 of the company's stock, valued at $19,275,811.56. The trade was a 13.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Frederic E. Mccoy sold 4,500 shares of the 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 completion of the transaction, the executive vice president directly owned 124,203 shares in the company, valued at $27,765,580.65. The trade was a 3.50% 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 $67,200,247 over the last 90 days. Company insiders own 1.73% of the company's stock.

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).

Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil, Inc. (NYSE:JBL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.