Dimensional Fund Advisors LP Cuts Position in Jabil, Inc. $JBL

Key Points

• Dimensional Fund Advisors LP reduced its stake in Jabil, Inc. by 9.2%, selling 150,595 shares in Q1, leaving it with approximately 1.38% ownership valued at $202.19 million.
• Jabil reported strong quarterly earnings with $2.55 earnings per share, exceeding analysts' expectations and marking a 15.7% increase year-over-year in revenue.
• The company has announced a $0.08 dividend for shareholders, representing a yield of 14.0%, with the payout scheduled for September 3rd.

Dimensional Fund Advisors LP reduced its position in Jabil, Inc. (NYSE:JBL - Free Report) by 9.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,486,090 shares of the technology company's stock after selling 150,595 shares during the period. Dimensional Fund Advisors LP owned 1.38% of Jabil worth $202,191,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JBL. Robeco Institutional Asset Management B.V. raised its position in shares of Jabil by 84.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 13,568 shares of the technology company's stock valued at $1,846,000 after purchasing an additional 6,225 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Jabil by 8.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 242,977 shares of the technology company's stock valued at $33,062,000 after purchasing an additional 18,126 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position 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 during the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of Jabil in the 1st quarter valued at approximately $214,000. Finally, QRG Capital Management Inc. raised its position in shares of Jabil by 2.3% in 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. 93.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Bank of America boosted their price target on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, June 20th. UBS Group lifted their target price on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Barclays lifted their target price on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 17th. Finally, Wall Street Zen cut shares of Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. One equities 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 company's stock. According to data from MarketBeat.com, Jabil currently has a consensus rating of "Buy" and an average price target of $231.71.

Insider Buying and Selling

In other Jabil news, Chairman Mark T. Mondello sold 150,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $193.33, for a total value of $28,999,500.00. Following the transaction, the chairman directly owned 1,560,192 shares in the company, valued at $301,631,919.36. This represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven A. Raymund sold 15,955 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $216.83, for a total transaction of $3,459,522.65. Following the completion of the transaction, the director owned 99,828 shares in the company, valued at $21,645,705.24. This represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,847 shares of company stock valued at $66,534,847 over the last three months. 1.73% of the stock is currently owned by insiders.

Jabil Trading Up 0.4%

NYSE:JBL traded up $0.8540 on Thursday, reaching $204.9040. 1,048,942 shares of the company's stock were exchanged, compared to its average volume of 1,343,710. 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 firm has a market capitalization of $21.99 billion, a price-to-earnings ratio of 39.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.20. The business has a fifty day moving average of $216.71 and a 200-day moving average of $174.08. Jabil, Inc. has a 52-week low of $99.67 and a 52-week high of $232.84.

Jabil (NYSE:JBL - Get Free Report) last issued 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 company had revenue of $7.83 billion for 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 business's revenue for the quarter 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 expect that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

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