Graham Capital Management L.P. Purchases 2,481 Shares of Jabil, Inc. $JBL

Key Points

• Graham Capital Management L.P. increased its stake in Jabil, Inc. by 38.4%, owning 8,940 shares valued at approximately $1.22 million as per their recent 13F filing.
• Jabil's stock has garnered an average rating of "Moderate Buy" with a price target of $231.71, influenced by recent analyst recommendations.
• The company reported a strong quarterly earnings results with $2.55 EPS, surpassing estimates and marking a year-over-year revenue increase of 15.7%.

Graham Capital Management L.P. lifted its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 38.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,940 shares of the technology company's stock after purchasing an additional 2,481 shares during the period. Graham Capital Management L.P.'s holdings in Jabil were worth $1,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV acquired a new position in shares of Jabil during the 1st quarter valued at $27,000. Harbor Capital Advisors Inc. raised its position in Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after acquiring an additional 116 shares in the last quarter. Groupe la Francaise boosted its stake in shares of Jabil by 35.2% in the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company's stock valued at $34,000 after purchasing an additional 64 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Jabil by 2,400.0% in 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 during the period. Finally, Wayfinding Financial LLC purchased a new stake in shares of Jabil in the first quarter valued at about $52,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on JBL shares. The Goldman Sachs Group upped their price target on shares of Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. UBS Group lifted their price target on Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Bank of America upped their price target on Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Stifel Nicolaus started coverage on Jabil in a research note on Wednesday, July 2nd. They set a "buy" rating and a $245.00 target price on the stock. Finally, Argus upgraded Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $231.71.

Jabil Stock Performance

NYSE JBL traded down $1.32 during trading on Monday, reaching $208.78. The company's stock had a trading volume of 451,001 shares, compared to its average volume of 1,409,462. Jabil, Inc. has a twelve month low of $99.67 and a twelve month 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. The business's fifty day moving average price is $217.55 and its 200-day moving average price is $177.26. The firm has a market cap of $22.41 billion, a price-to-earnings ratio of 40.41, a P/E/G ratio of 1.23 and a beta of 1.25.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.27. The company 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 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, analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th were given a $0.08 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.2%. Jabil's payout ratio is presently 6.21%.

Insider Transactions at Jabil

In other news, Director Steven A. Raymund sold 13,432 shares of Jabil stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $200.02, for a total value of $4,000,400.00. Following the transaction, the chairman directly owned 1,400,190 shares in the company, valued at $280,066,003.80. This represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 332,847 shares of company stock valued at $67,200,247. 1.73% of the stock is currently owned by corporate insiders.

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).