HighTower Advisors LLC Purchases 16,123 Shares of Jabil, Inc. $JBL

HighTower Advisors LLC grew its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 34.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,077 shares of the technology company's stock after acquiring an additional 16,123 shares during the period. HighTower Advisors LLC owned about 0.06% of Jabil worth $8,583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cordatus Wealth Management LLC grew its position 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 valued at $330,000 after acquiring an additional 68 shares during the period. AlphaCore Capital LLC grew its position 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 valued at $436,000 after acquiring an additional 76 shares during the period. Allworth Financial LP grew its position in shares of Jabil by 22.5% during the 1st quarter. Allworth Financial LP now owns 529 shares of the technology company's stock valued at $77,000 after acquiring an additional 97 shares during the period. Cynosure Group LLC grew its position 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 valued at $326,000 after acquiring an additional 97 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position 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 valued at $77,000 after acquiring an additional 99 shares during the period. 93.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JBL. UBS Group upped their price target on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Stifel Nicolaus began coverage on shares of Jabil in a research note on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Raymond James Financial restated a "strong-buy" rating and set a $230.00 price target (up from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. Finally, 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 note on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company 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 Jabil stock in a transaction 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 transaction, the executive vice president owned 53,528 shares in the company, valued at $10,875,283.76. This trade represents a 20.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Dastoor sold 18,234 shares of Jabil stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $191.66, for a total transaction of $3,494,728.44. Following the completion of the transaction, the chief executive officer owned 203,459 shares in the company, valued at approximately $38,994,951.94. The trade was a 8.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 332,847 shares of company stock worth $66,534,847 over the last 90 days. Insiders own 1.73% of the company's stock.

Jabil Price Performance

Shares of NYSE JBL traded down $9.7850 during mid-day trading on Tuesday, reaching $205.8750. 2,003,779 shares of the company 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 company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $22.09 billion, a PE ratio of 39.98, a PEG ratio of 1.51 and a beta of 1.20. The company's 50 day moving average price is $215.68 and its 200 day moving average price is $173.56.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.02% and a return on equity of 60.19%. The company had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same period in the previous year, the firm posted $1.89 EPS. The firm's revenue 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. Sell-side analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be issued 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 payout ratio is currently 6.21%.

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).