Jabil, Inc. $JBL Shares Bought by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in Jabil, Inc. by 43.8%, owning approximately $19.65 million worth of shares, following a trend of increasing investments by several institutional investors.
• Wall Street analysts have raised their target prices for Jabil, with Goldman Sachs increasing it from $188.00 to $215.00 and Raymond James reaffirming its strong-buy rating with a target of $230.00.
• Jabil recently reported quarterly earnings exceeding analysts' expectations, with an EPS of $2.55 and revenue of $7.83 billion, marking a year-over-year revenue increase of 15.7%.

Gotham Asset Management LLC lifted its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 43.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 144,443 shares of the technology company's stock after purchasing an additional 44,029 shares during the quarter. Gotham Asset Management LLC owned about 0.13% of Jabil worth $19,654,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Point72 Asset Management L.P. boosted its holdings in Jabil by 1,007.6% in the fourth quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock valued at $138,954,000 after acquiring an additional 878,444 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Jabil by 12.9% in the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company's stock valued at $892,096,000 after acquiring an additional 747,423 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in Jabil in the first quarter valued at $81,378,000. Jacobs Levy Equity Management Inc. boosted its holdings in Jabil by 16,190.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company's stock valued at $79,539,000 after acquiring an additional 549,347 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Jabil by 17,410.3% in the first quarter. GAMMA Investing LLC now owns 524,958 shares of the technology company's stock valued at $71,431,000 after acquiring an additional 521,960 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JBL. The Goldman Sachs Group lifted their target price on Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. UBS Group lifted their target price on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Barclays raised their price objective on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Finally, Bank of America raised their price objective on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $231.71.

Insiders Place Their Bets

In related news, Director Steven A. Raymund sold 15,955 shares of Jabil stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $216.83, for a total value of $3,459,522.65. Following the completion of the transaction, the director directly owned 99,828 shares in the company, valued at approximately $21,645,705.24. This trade represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark T. Mondello sold 150,000 shares of Jabil stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $193.33, for a total value of $28,999,500.00. Following the completion of the transaction, the chairman owned 1,560,192 shares of the company's stock, valued at $301,631,919.36. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 332,847 shares of company stock valued at $67,200,247. 1.73% of the stock is owned by company insiders.

Jabil Stock Up 0.1%

Shares of NYSE JBL traded up $0.11 during midday trading on Tuesday, reaching $209.28. 775,245 shares of the company's stock were exchanged, compared to its average volume of 1,409,603. Jabil, Inc. has a 52-week low of $99.67 and a 52-week high of $232.84. The stock has a market capitalization of $22.46 billion, a PE ratio of 40.64, a price-to-earnings-growth ratio of 1.23 and a beta of 1.25. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98. The business's fifty day moving average price is $217.36 and its two-hundred day moving average price is $177.58.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same period in the previous year, the company earned $1.89 earnings per share. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. Jabil has set its FY 2025 guidance at 9.330-9.330 EPS. Q4 2025 guidance at 2.640-3.040 EPS. Analysts forecast that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company 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 yield of 0.2%. The ex-dividend date was Friday, August 15th. Jabil's dividend payout ratio (DPR) is 6.21%.

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).