Jabil, Inc. $JBL Shares Sold by Delphi Management Inc. MA

Key Points

• Delphi Management Inc. MA has reduced its position in Jabil, Inc. by 15.0%, owning 8,087 shares after selling 1,426 shares, making Jabil its second largest holding.
• Jabil reported earnings of $2.55 per share for the last quarter, exceeding analysts' expectations of $2.28, with revenues reaching $7.83 billion.
• Jabil recently announced a quarterly dividend of $0.08 per share, representing an annualized yield of 0.1%, with a dividend payout ratio of 6.21%.

Delphi Management Inc. MA decreased its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 15.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,087 shares of the technology company's stock after selling 1,426 shares during the period. Jabil accounts for 1.7% of Delphi Management Inc. MA's investment portfolio, making the stock its 2nd biggest holding. Delphi Management Inc. MA's holdings in Jabil were worth $1,764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Groupe la Francaise lifted its position in Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after acquiring an additional 64 shares during the last quarter. Keeley Teton Advisors LLC increased its holdings in shares of Jabil by 0.3% during the 1st quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company's stock worth $3,456,000 after purchasing an additional 64 shares during the period. Cordatus Wealth Management LLC increased its holdings 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 period. AlphaCore Capital LLC increased its holdings 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 period. Finally, UniSuper Management Pty Ltd increased its holdings in shares of Jabil by 0.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 30,797 shares of the technology company's stock worth $4,191,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Activity

In other Jabil news, Director Anousheh Ansari sold 1,000 shares of the company's stock in a transaction dated 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 approximately $8,108,100. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frederic E. Mccoy sold 4,500 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $223.55, for a total transaction of $1,005,975.00. Following the sale, the executive vice president directly owned 124,203 shares in the company, valued at $27,765,580.65. This trade represents a 3.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 332,847 shares of company stock valued at $67,200,247. Corporate insiders own 1.73% of the company's stock.

Jabil Price Performance

Shares of Jabil stock opened at $214.22 on Friday. 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 capitalization of $22.99 billion, a price-to-earnings ratio of 41.60, a P/E/G ratio of 1.25 and a beta of 1.25. Jabil, Inc. has a 1-year low of $103.82 and a 1-year high of $232.84. The firm's 50-day moving average price is $216.68 and its two-hundred day moving average price is $178.97.

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 company's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 earnings per share. Jabil has set its FY 2025 guidance at 9.330-9.330 EPS. Q4 2025 guidance at 2.640-3.040 EPS. On average, equities analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed 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. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, August 15th. Jabil's dividend payout ratio is currently 6.21%.

Analyst Upgrades and Downgrades

JBL has been the topic of several research reports. Stifel Nicolaus initiated coverage on shares of Jabil in a report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price objective on the stock. Wall Street Zen downgraded shares of Jabil from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Barclays boosted their price objective on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Zacks Research cut shares of Jabil from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. 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 issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $231.71.

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).

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