Federation des caisses Desjardins du Quebec Has $3.88 Million Stake in Jabil, Inc. $JBL

Key Points

• The Federation des caisses Desjardins du Quebec significantly increased its stake in Jabil, Inc. by 166.9% in Q1, owning $3.88 million worth of shares.
• Analyst ratings for Jabil include target price increases from several firms, with JPMorgan raising its target from $214 to $256 and another firm giving it a "strong-buy" rating.
• Jabil recently reported an earnings per share (EPS) of $2.55 for the last quarter, surpassing estimates and marking a 15.7% year-over-year revenue growth.

Federation des caisses Desjardins du Quebec grew its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 166.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,522 shares of the technology company's stock after acquiring an additional 17,836 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Jabil were worth $3,881,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JBL. Creative Financial Designs Inc. ADV acquired a new stake in Jabil during the first quarter worth approximately $27,000. Harbor Capital Advisors Inc. lifted 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 during the last quarter. Groupe la Francaise raised its position in shares of Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock valued at $34,000 after buying an additional 64 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of Jabil by 2,400.0% in the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock valued at $37,000 after buying an additional 264 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Jabil in the first quarter valued at approximately $52,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on JBL shares. Raymond James Financial reiterated a "strong-buy" rating and issued a $230.00 price target (up from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. Wall Street Zen downgraded shares of Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Stifel Nicolaus began coverage on shares of Jabil in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $231.71.

Jabil Price Performance

NYSE:JBL traded up $5.51 during mid-day trading on Wednesday, reaching $214.73. The stock had a trading volume of 422,504 shares, compared to its average volume of 1,403,711. The stock has a 50-day simple moving average of $217.22 and a two-hundred day simple moving average of $177.80. The stock has a market capitalization of $23.04 billion, a PE ratio of 41.67, a P/E/G ratio of 1.22 and a beta of 1.25. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64. Jabil, Inc. has a 12 month low of $99.67 and a 12 month 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 for the quarter, topping analysts' consensus estimates of $2.28 by $0.27. The firm 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 company's revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous 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 analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The business 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 dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, August 15th. Jabil's payout ratio is presently 6.21%.

Insider Activity

In other Jabil news, EVP Andrew Priestley sold 3,702 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $225.00, for a total transaction of $832,950.00. Following the sale, the executive vice president owned 44,833 shares of the company's stock, valued at approximately $10,087,425. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anousheh Ansari sold 1,000 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $222.75, for a total transaction of $222,750.00. Following the sale, the director directly owned 36,400 shares in the company, valued at approximately $8,108,100. The trade was a 2.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 332,847 shares of company stock valued at $67,200,247. 1.73% of the stock is currently owned by insiders.

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).