Jabil, Inc. $JBL Holdings Increased by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its stake in Jabil, Inc. by 7.1% in the first quarter, owning 233,864 shares valued at $31.8 million.
• Jabil reported a 15.7% year-over-year revenue increase, with earnings per share of $2.55, exceeding analysts' estimates of $2.28.
• The company recently declared a $0.08 quarterly dividend, reflecting a low dividend yield of 0.2% and a payout ratio of 6.21%.

Alliancebernstein L.P. lifted its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,864 shares of the technology company's stock after acquiring an additional 15,403 shares during the period. Alliancebernstein L.P. owned approximately 0.22% of Jabil worth $31,822,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Advisors Asset Management Inc. increased its stake in Jabil by 15.7% during the 1st quarter. Advisors Asset Management Inc. now owns 6,846 shares of the technology company's stock worth $932,000 after buying an additional 930 shares during the period. Amundi increased its stake in Jabil by 53.4% during the 1st quarter. Amundi now owns 223,198 shares of the technology company's stock worth $30,371,000 after buying an additional 77,667 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in Jabil by 13.0% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 395,791 shares of the technology company's stock worth $53,855,000 after buying an additional 45,600 shares during the period. Federation des caisses Desjardins du Quebec increased its position in shares of Jabil by 166.9% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 28,522 shares of the technology company's stock worth $3,881,000 after purchasing an additional 17,836 shares during the last quarter. Finally, Maverick Capital Ltd. increased its position in shares of Jabil by 4.5% in the 1st quarter. Maverick Capital Ltd. now owns 14,993 shares of the technology company's stock worth $2,040,000 after purchasing an additional 645 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Activity

In other Jabil news, EVP Andrew Priestley sold 13,913 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the sale, the executive vice president directly owned 53,528 shares in the company, valued at approximately $10,875,283.76. The trade was a 20.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Raymund sold 15,955 shares of the business's stock in a transaction dated 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 sale, the director owned 99,828 shares in the company, valued at $21,645,705.24. This trade represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,847 shares of company stock worth $67,200,247 over the last three months. Insiders own 1.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on JBL shares. The Goldman Sachs Group boosted their target price on shares of Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Bank of America boosted their target price on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. UBS Group boosted their target price 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. Stifel Nicolaus started coverage on shares of Jabil in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 target price for the company. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and issued a $230.00 price target (up from $170.00) on shares of Jabil in a report on Wednesday, June 18th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $231.71.

Jabil Stock Performance

Shares of NYSE JBL traded down $0.06 during midday trading on Friday, hitting $214.22. The company's stock had a trading volume of 965,598 shares, compared to its average volume of 1,273,006. 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 firm's fifty day moving average price is $216.68 and its 200-day moving average price is $178.83. The firm has a market cap of $22.99 billion, a P/E ratio of 41.60, a P/E/G ratio of 1.25 and a beta of 1.25. Jabil, Inc. has a 1-year low of $103.82 and a 1-year high of $232.84.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results 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 firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. Jabil's revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business 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. On average, sell-side analysts forecast that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, August 15th. Jabil's payout ratio is presently 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).