Adage Capital Partners GP L.L.C. Acquires 45,600 Shares of Jabil, Inc. $JBL

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Jabil, Inc. by 13% during the first quarter, acquiring an additional 45,600 shares, bringing their total ownership to approximately 0.37% of the company, valued at $53.86 million.
• Jabil reported strong quarterly earnings with an EPS of $2.55, exceeding estimates, and a revenue increase of 15.7% year-over-year at $7.83 billion.
• The company announced a quarterly dividend of $0.08, representing a yield of 0.2% and a low payout ratio of 6.21%, highlighting its financial stability and shareholder returns.

Adage Capital Partners GP L.L.C. raised its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 13.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 395,791 shares of the technology company's stock after buying an additional 45,600 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.37% of Jabil worth $53,855,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in Jabil by 12.9% during the 1st quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company's stock valued at $892,096,000 after buying an additional 747,423 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Jabil by 15.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,173,095 shares of the technology company's stock worth $295,693,000 after purchasing an additional 295,496 shares during the last quarter. Northern Trust Corp grew its stake in shares of Jabil by 8.3% in the 1st quarter. Northern Trust Corp now owns 1,384,364 shares of the technology company's stock worth $188,370,000 after purchasing an additional 105,632 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Jabil by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,118,282 shares of the technology company's stock worth $152,165,000 after purchasing an additional 37,201 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in Jabil by 1,007.6% in the fourth quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock worth $138,954,000 after buying an additional 878,444 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JBL. UBS Group lifted their price target 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. The Goldman Sachs Group lifted their price target 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. 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 on the stock. Bank of America lifted their price target 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. Finally, Barclays lifted their price target 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $231.71.

Insider Activity at Jabil

In other Jabil news, EVP Andrew Priestley sold 3,702 shares of Jabil 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 completion of the sale, the executive vice president owned 44,833 shares of the company's stock, valued at $10,087,425. This trade represents a 7.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anousheh Ansari sold 1,000 shares of Jabil stock in a transaction on Thursday, July 3rd. The shares were 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 of the company's stock, valued at $8,108,100. This trade represents a 2.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 332,847 shares of company stock worth $67,200,247. 1.73% of the stock is currently owned by company insiders.

Jabil Stock Up 0.9%

NYSE JBL traded up $1.97 during trading on Friday, reaching $209.94. 1,116,933 shares of the company's stock were exchanged, compared to its average volume of 1,348,530. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. Jabil, Inc. has a fifty-two week low of $99.67 and a fifty-two week high of $232.84. The company's fifty day simple moving average is $217.55 and its 200-day simple moving average is $177.18. The firm has a market capitalization of $22.53 billion, a PE ratio of 40.77, a P/E/G ratio of 1.22 and a beta of 1.25.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results 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 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 firm earned $1.89 earnings per share. 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 predict that Jabil, Inc. will post 8.05 EPS 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Jabil's dividend payout ratio (DPR) is 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).