BI Asset Management Fondsmaeglerselskab A S Purchases 16,023 Shares of Jabil, Inc. $JBL

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Jabil, Inc. by 39.4% during the first quarter, owning around 0.05% of the company, valued at approximately $7.7 million.
• Jabil's recent earnings report showed $2.55 earnings per share, exceeding estimates, with revenue reaching $7.83 billion, up 15.7% from the previous year.
• CEO Michael Dastoor sold over 18,000 shares, resulting in an 8.22% decrease in his ownership, while insiders collectively sold $66.5 million worth of Jabil shares in the last three months.

BI Asset Management Fondsmaeglerselskab A S boosted its stake in Jabil, Inc. (NYSE:JBL - Free Report) by 39.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,653 shares of the technology company's stock after purchasing an additional 16,023 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.05% of Jabil worth $7,709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its position in shares of Jabil by 84.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 13,568 shares of the technology company's stock worth $1,846,000 after buying an additional 6,225 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Jabil by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 242,977 shares of the technology company's stock worth $33,062,000 after acquiring 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 1st quarter. Kingswood Wealth Advisors LLC now owns 3,326 shares of the technology company's stock valued at $453,000 after purchasing an additional 217 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Jabil during the 1st quarter valued at approximately $214,000. Finally, QRG Capital Management Inc. grew its holdings 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 purchasing an additional 132 shares during the last quarter. Institutional investors own 93.39% of the company's stock.

Insider Activity at Jabil

In other news, Director Steven A. Raymund sold 13,432 shares of Jabil stock in a transaction 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. The trade was a 13.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $219.20, for a total transaction of $4,384,000.00. Following the transaction, the chairman directly owned 1,420,190 shares in the company, valued at approximately $311,305,648. This represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 332,847 shares of company stock worth $66,534,847. Corporate insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Bank of America increased their price objective on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, June 20th. The Goldman Sachs Group increased their price target on Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. UBS Group boosted their price target on Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. raised their price objective on shares of Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, Wall Street Zen downgraded shares of Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $231.71.

Jabil Trading Up 2.1%

JBL stock traded up $4.35 during midday trading on Friday, hitting $209.41. The stock had a trading volume of 1,033,584 shares, compared to its average volume of 1,299,426. 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 firm has a market cap of $22.47 billion, a P/E ratio of 40.66, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20. The business has a fifty day moving average price of $217.38 and a two-hundred day moving average price of $174.49. Jabil, Inc. has a 1-year low of $99.67 and a 1-year high of $232.84.

Jabil (NYSE:JBL - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%.The business's quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the company 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 predict that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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

About Jabil

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).