Gulf International Bank UK Ltd Sells 1,645 Shares of Jabil, Inc. $JBL

Key Points

• Gulf International Bank UK Ltd has reduced its holdings in Jabil, Inc. by 20.3% during the first quarter, now owning 6,447 shares valued at approximately $877,000.
• Several institutional investors have increased their stakes in Jabil, with NewEdge Advisors LLC achieving a notable 234.0% increase in their position during the fourth quarter.
• Analysts remain optimistic about Jabil, with the average price target set at $231.71 and a consensus rating of "Buy," indicating potential for growth.

Gulf International Bank UK Ltd reduced its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 20.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,447 shares of the technology company's stock after selling 1,645 shares during the period. Gulf International Bank UK Ltd's holdings in Jabil were worth $877,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV acquired a new stake in Jabil during the first quarter worth about $27,000. Harbor Capital Advisors Inc. grew 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 buying an additional 116 shares in the last quarter. Golden State Wealth Management LLC grew its position in Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after buying an additional 264 shares in the last quarter. True Wealth Design LLC grew its position in Jabil by 3,411.1% during the fourth quarter. True Wealth Design LLC now owns 316 shares of the technology company's stock worth $45,000 after buying an additional 307 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Jabil during the first quarter valued at approximately $52,000. Institutional investors own 93.39% of the company's stock.

Jabil Stock Performance

Shares of JBL traded down $9.7850 during mid-day trading on Tuesday, hitting $205.8750. 2,003,779 shares of the company's stock were exchanged, compared to its average volume of 1,292,040. Jabil, Inc. has a 52 week low of $99.67 and a 52 week high of $232.84. The stock's 50-day simple moving average is $215.68 and its 200-day simple moving average is $173.56. The firm has a market cap of $22.09 billion, a price-to-earnings ratio of 39.98, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85.

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, beating 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 firm's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last 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, equities research analysts expect that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have weighed in on JBL. Raymond James Financial reaffirmed a "strong-buy" rating and set a $230.00 price objective (up from $170.00) on shares of Jabil in a report on Wednesday, June 18th. UBS Group boosted their price objective on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. The Goldman Sachs Group upped their target price 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. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $231.71.

Insider Buying and Selling

In related news, EVP Andrew Priestley sold 13,913 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total value of $2,826,704.21. Following the completion of the transaction, the executive vice president directly owned 53,528 shares of the company's stock, valued at approximately $10,875,283.76. This trade represents a 20.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 15,955 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $216.83, for a total transaction of $3,459,522.65. Following the completion of the sale, the director owned 99,828 shares in the company, valued at $21,645,705.24. This represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 332,847 shares of company stock worth $66,534,847 in the last 90 days. 1.73% of the stock is currently owned by company 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).