Fuller & Thaler Asset Management Inc. Acquires 2,369 Shares of Jabil, Inc. $JBL

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Jabil, Inc. by 1.0%, owning approximately 249,031 shares valued at $33.89 million as of the end of the most recent quarter.
• Several institutional investors, including Robeco Institutional Asset Management, significantly raised their positions in Jabil during the first quarter, reflecting increased investor confidence in the company.
• Jabil recently announced a $0.08 dividend for shareholders, with an ex-dividend date of August 15th, representing a 14.0% yield.

Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 1.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 249,031 shares of the technology company's stock after acquiring an additional 2,369 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.23% of Jabil worth $33,886,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cordatus Wealth Management LLC boosted its stake in shares of Jabil by 2.9% during the 1st quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company's stock worth $330,000 after acquiring an additional 68 shares during the period. AlphaCore Capital LLC boosted its stake in shares of Jabil by 2.4% during the 1st quarter. AlphaCore Capital LLC now owns 3,206 shares of the technology company's stock worth $436,000 after acquiring an additional 76 shares during the period. Allworth Financial LP boosted its stake in shares of Jabil by 22.5% during the 1st quarter. Allworth Financial LP now owns 529 shares of the technology company's stock worth $77,000 after acquiring an additional 97 shares during the period. Cynosure Group LLC boosted its stake in shares of Jabil by 4.2% during the 1st quarter. Cynosure Group LLC now owns 2,398 shares of the technology company's stock worth $326,000 after acquiring an additional 97 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Jabil by 21.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 565 shares of the technology company's stock worth $77,000 after acquiring an additional 99 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Insider Transactions at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $219.20, for a total value of $4,384,000.00. Following the sale, the chairman owned 1,420,190 shares in the company, valued at approximately $311,305,648. The trade was a 1.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Andrew Priestley sold 3,702 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $225.00, for a total value of $832,950.00. Following the completion of the sale, the executive vice president owned 44,833 shares in the company, valued at $10,087,425. This trade represents a 7.63% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 332,847 shares of company stock worth $66,534,847. 1.73% of the stock is currently owned by insiders.

Jabil Price Performance

Shares of Jabil stock traded up $4.35 during trading on Friday, reaching $209.41. 1,033,584 shares of the company's stock were exchanged, compared to its average volume of 1,299,426. 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, Inc. has a 1-year low of $99.67 and a 1-year high of $232.84. The company has a market cap of $22.47 billion, a P/E ratio of 40.66, a PEG ratio of 1.43 and a beta of 1.20. The firm's 50-day moving average price is $217.38 and its 200 day moving average price is $174.41.

Jabil (NYSE:JBL - Get Free Report) last issued 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. 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%.Jabil's quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. 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 year.

Jabil Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, August 15th. This represents a yield of 14.0%. Jabil's payout ratio is currently 6.21%.

Wall Street Analyst Weigh In

JBL has been the subject of several recent research reports. Raymond James Financial restated a "strong-buy" rating and issued a $230.00 price target (up from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. Bank of America boosted their price target on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Barclays boosted 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. Wall Street Zen downgraded Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Argus upgraded Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price 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).