Jabil, Inc. $JBL Shares Acquired by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Jabil, Inc. by 8.3%, now owning approximately 1.29% of the company valued at $188.37 million.
• Institutional investors collectively own 93.39% of Jabil's stock, with several firms adjusting their holdings significantly in the first quarter.
• Jabil's latest earnings report showed a 15.7% year-over-year revenue increase, with EPS of $2.55 surpassing estimates, and the company has projected EPS guidance of 8.05 for FY 2025.

Northern Trust Corp grew its stake in Jabil, Inc. (NYSE:JBL - Free Report) by 8.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,384,364 shares of the technology company's stock after purchasing an additional 105,632 shares during the quarter. Northern Trust Corp owned approximately 1.29% of Jabil worth $188,370,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in shares of Jabil by 84.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 13,568 shares of the technology company's stock valued at $1,846,000 after purchasing an additional 6,225 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Jabil by 8.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 242,977 shares of the technology company's stock valued at $33,062,000 after buying an additional 18,126 shares during the last quarter. Kingswood Wealth Advisors LLC grew its position in shares of Jabil by 7.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,326 shares of the technology company's stock valued at $453,000 after buying an additional 217 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Jabil during the 1st quarter valued at about $214,000. Finally, QRG Capital Management Inc. grew its position in shares of Jabil by 2.3% during the 1st quarter. QRG Capital Management Inc. now owns 5,978 shares of the technology company's stock valued at $813,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Insiders Place Their Bets

In other Jabil news, Director Steven A. Raymund sold 13,432 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $223.11, for a total value of $2,996,813.52. Following the completion of the sale, the director owned 86,396 shares in the company, valued at $19,275,811.56. This represents a 13.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,500 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total transaction of $1,005,975.00. Following the completion of the sale, the executive vice president owned 124,203 shares of the company's stock, valued at approximately $27,765,580.65. The trade was a 3.50% 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 in the last quarter. Corporate insiders own 1.73% of the company's stock.

Jabil Stock Up 0.4%

JBL stock opened at $204.9040 on Friday. Jabil, Inc. has a 12 month low of $99.67 and a 12 month high of $232.84. The firm has a market cap of $21.99 billion, a PE ratio of 39.79, a P/E/G ratio of 1.43 and a beta of 1.20. The firm has a 50 day simple moving average of $216.71 and a 200 day simple moving average of $174.08. 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 (NYSE:JBL - Get Free Report) last released its earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.28 by $0.27. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The business had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period in the prior year, the business earned $1.89 earnings per share. The business's quarterly revenue was up 15.7% on a year-over-year basis. Jabil has set its FY 2025 guidance at 9.330-9.330 EPS. Q4 2025 guidance at 2.640-3.040 EPS. Equities research analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on JBL. The Goldman Sachs Group boosted their price objective 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. Barclays upped their target price on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Wall Street Zen cut shares of Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. upped their target price on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus initiated 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. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $231.71.

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).

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