Jabil, Inc. $JBL Shares Acquired by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. increased its stake in Jabil, Inc. by 73.9%, owning 10,592 shares valued at approximately $1.44 million after purchasing an additional 4,500 shares in the first quarter.
• In recent insider trading, Jabil's Chairman sold 150,000 shares for nearly $29 million, representing an 8.77% decrease in his holdings, while CEO Michael Dastoor also sold shares worth about $3.5 million.
• Analysts have recently adjusted their ratings and price targets for Jabil, with JPMorgan raising its target from $214 to $256 and multiple firms issuing "buy" ratings amidst positive performance indicators.

Panagora Asset Management Inc. boosted its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 73.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,592 shares of the technology company's stock after purchasing an additional 4,500 shares during the quarter. Panagora Asset Management Inc.'s holdings in Jabil were worth $1,441,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JBL. Robeco Institutional Asset Management B.V. lifted its holdings in Jabil by 84.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 13,568 shares of the technology company's stock valued at $1,846,000 after acquiring an additional 6,225 shares during the period. Envestnet Asset Management Inc. grew its stake in Jabil by 8.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 242,977 shares of the technology company's stock worth $33,062,000 after buying an additional 18,126 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its stake in shares of Jabil by 7.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,326 shares of the technology company's stock worth $453,000 after buying an additional 217 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new position in shares of Jabil during the first quarter valued at approximately $214,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Jabil by 2.3% in the first quarter. QRG Capital Management Inc. now owns 5,978 shares of the technology company's stock valued at $813,000 after purchasing an additional 132 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Steven A. Raymund sold 15,955 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $216.83, for a total value of $3,459,522.65. Following the completion of the sale, the director owned 99,828 shares of the company's stock, valued at $21,645,705.24. This represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark T. Mondello sold 150,000 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $193.33, for a total value of $28,999,500.00. Following the transaction, the chairman directly owned 1,560,192 shares of the company's stock, valued at approximately $301,631,919.36. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 332,847 shares of company stock valued at $67,200,247. Company insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on JBL shares. UBS Group boosted their price target on Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Raymond James Financial reissued a "strong-buy" rating and set a $230.00 target price (up previously from $170.00) on shares of Jabil in a research note 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 research report on Thursday, July 17th. Stifel Nicolaus started coverage on shares of Jabil in a research report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price objective for the company. Finally, Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $231.71.

Jabil Trading Down 1.0%

Shares of JBL traded down $2.01 during mid-day trading on Monday, reaching $208.09. The company's stock had a trading volume of 413,856 shares, compared to its average volume of 1,409,244. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. The company's fifty day moving average price is $217.55 and its two-hundred day moving average price is $177.26. The stock has a market cap of $22.33 billion, a PE ratio of 40.36, a P/E/G ratio of 1.23 and a beta of 1.25. Jabil, Inc. has a 52 week low of $99.67 and a 52 week high of $232.84.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping the consensus estimate 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 business's quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $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, analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 15th. Jabil's dividend payout ratio (DPR) is currently 6.21%.

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).