OMERS ADMINISTRATION Corp Has $2.40 Million Holdings in Jabil, Inc. $JBL

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Jabil, Inc. by 9.2%, acquiring additional shares worth approximately $2.4 million during the first quarter.
• Several analysts have upgraded Jabil's stock ratings, with target prices increased to as high as $256, indicating positive sentiment among investors.
• Jabil reported better-than-expected earnings of $2.55 per share for the latest quarter, surpassing analyst estimates and showcasing a 15.7% increase in revenue year-over-year.

OMERS ADMINISTRATION Corp raised its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 9.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,614 shares of the technology company's stock after acquiring an additional 1,487 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Jabil were worth $2,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Groupe la Francaise grew its position in Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after buying an additional 64 shares during the last quarter. Keeley Teton Advisors LLC lifted its holdings in shares of Jabil by 0.3% during the first quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company's stock valued at $3,456,000 after purchasing an additional 64 shares during the last quarter. Cordatus Wealth Management LLC boosted its position in shares of Jabil by 2.9% in the 1st quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company's stock valued at $330,000 after purchasing an additional 68 shares during the period. AlphaCore Capital LLC increased its stake in Jabil by 2.4% in the 1st quarter. AlphaCore Capital LLC now owns 3,206 shares of the technology company's stock worth $436,000 after purchasing an additional 76 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Jabil by 22.5% in the first quarter. Allworth Financial LP now owns 529 shares of the technology company's stock worth $77,000 after buying an additional 97 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Up 0.2%

Jabil stock traded up $0.45 during mid-day trading on Wednesday, hitting $202.53. 661,932 shares of the company's stock were exchanged, compared to its average volume of 1,415,943. Jabil, Inc. has a 1-year low of $99.67 and a 1-year high of $232.84. The stock has a 50 day moving average of $218.07 and a two-hundred day moving average of $176.40. 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 stock has a market cap of $21.74 billion, a P/E ratio of 39.30, a P/E/G ratio of 1.19 and a beta of 1.25.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%.The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the prior year, the firm posted $1.89 EPS. The firm's revenue for the quarter 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. As a group, analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 15th. Jabil's payout ratio is presently 6.21%.

Analyst Ratings Changes

A number of research firms have recently issued reports on JBL. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. UBS Group lifted their price objective 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. Bank of America increased their target price on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, June 20th. JPMorgan Chase & Co. lifted their price target on Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, Barclays raised their price objective on Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Jabil currently has a consensus rating of "Moderate Buy" and an average target price of $231.71.

Insider Buying and Selling at Jabil

In related news, Director Steven A. Raymund sold 13,432 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $223.11, for a total transaction of $2,996,813.52. Following the completion of the sale, the director directly owned 86,396 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,500 shares of Jabil stock in a transaction 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 transaction, the executive vice president owned 124,203 shares in the company, valued at $27,765,580.65. This trade represents a 3.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 312,847 shares of company stock worth $63,199,847 in the last quarter. 1.73% of the stock is owned by corporate insiders.

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).