Capital Fund Management S.A. Sells 29,948 Shares of Jabil, Inc. $JBL

Key Points

• Capital Fund Management S.A. reduced its stake in Jabil, Inc. by 14.1% in Q1, owning approximately 0.17% of the company after selling nearly 30,000 shares.
• Several institutional investors, including Cordatus Wealth Management LLC and Allworth Financial LP, increased their positions in Jabil, demonstrating ongoing confidence in the company's prospects.
• Analysts are bullish on Jabil, with multiple firms raising their price targets and issuing a consensus rating of "Buy" with a target of around $231.71.

Capital Fund Management S.A. trimmed its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 14.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 182,312 shares of the technology company's stock after selling 29,948 shares during the period. Capital Fund Management S.A. owned 0.17% of Jabil worth $24,807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Cordatus Wealth Management LLC boosted its stake in shares of Jabil by 2.9% during the 1st quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company's stock worth $330,000 after purchasing an additional 68 shares during the last quarter. AlphaCore Capital LLC boosted its stake in shares of Jabil by 2.4% during 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 during the last quarter. Allworth Financial LP boosted its stake in shares of Jabil by 22.5% during the 1st quarter. Allworth Financial LP now owns 529 shares of the technology company's stock worth $77,000 after purchasing an additional 97 shares during the last quarter. Cynosure Group LLC boosted its stake in shares of Jabil by 4.2% during the 1st quarter. Cynosure Group LLC now owns 2,398 shares of the technology company's stock worth $326,000 after purchasing an additional 97 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Jabil by 21.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 565 shares of the technology company's stock worth $77,000 after purchasing an additional 99 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on JBL shares. Wall Street Zen cut shares of Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Bank of America raised their target price 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. 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 on the stock. Barclays raised 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. Finally, JPMorgan Chase & Co. raised 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $231.71.

Jabil Stock Performance

Shares of NYSE:JBL traded up $4.35 during trading on Friday, reaching $209.41. The stock had a trading volume of 1,033,584 shares, compared to its average volume of 1,299,426. Jabil, Inc. has a 52 week low of $99.67 and a 52 week high of $232.84. The firm has a market capitalization of $22.47 billion, a price-to-earnings ratio of 40.66, a P/E/G ratio of 1.47 and a beta of 1.20. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. The stock has a fifty day simple moving average of $217.38 and a two-hundred day simple moving average of $174.49.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results 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 net margin of 2.02% and a return on equity of 60.19%. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter last year, the firm posted $1.89 earnings per share. The company's quarterly 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. As a group, analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

Insider Buying and Selling at Jabil

In related news, Chairman Mark T. Mondello sold 150,000 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $193.33, for a total transaction of $28,999,500.00. Following the transaction, the chairman 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael Dastoor sold 18,234 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $191.66, for a total transaction of $3,494,728.44. Following the transaction, the chief executive officer directly owned 203,459 shares in the company, valued at $38,994,951.94. This trade represents a 8.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 332,847 shares of company stock valued at $66,534,847 in the last three months. 1.73% of the stock is owned by 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).