State of New Jersey Common Pension Fund D Lowers Stock Position in Jabil, Inc. $JBL

Key Points

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State of New Jersey Common Pension Fund D lowered its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 10.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,836 shares of the technology company's stock after selling 4,029 shares during the period. State of New Jersey Common Pension Fund D's holdings in Jabil were worth $4,876,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cordatus Wealth Management LLC lifted its position in Jabil by 2.9% during the first quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company's stock valued at $330,000 after buying an additional 68 shares during the period. AlphaCore Capital LLC boosted its position in shares of Jabil by 2.4% during the first quarter. AlphaCore Capital LLC now owns 3,206 shares of the technology company's stock valued at $436,000 after buying an additional 76 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Jabil by 22.5% during the first quarter. Allworth Financial LP now owns 529 shares of the technology company's stock valued at $77,000 after purchasing an additional 97 shares during the last quarter. Cynosure Group LLC lifted its holdings 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 valued at $326,000 after buying an additional 97 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew 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 valued at $77,000 after purchasing an additional 99 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on JBL shares. UBS Group boosted their price target on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Bank of America boosted their target price on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Wall Street Zen downgraded shares of Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Stifel Nicolaus began coverage on shares of Jabil in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective for the company. Finally, Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Jabil currently has an average rating of "Buy" and an average target price of $231.71.

Insider Transactions at Jabil

In related news, EVP Andrew Priestley sold 13,913 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the completion of the transaction, the executive vice president directly owned 53,528 shares in the company, valued at $10,875,283.76. The trade was a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Mark T. Mondello sold 150,000 shares of the company'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 completion of the sale, the chairman directly owned 1,560,192 shares in the company, valued at approximately $301,631,919.36. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 332,847 shares of company stock valued at $66,534,847. 1.73% of the stock is owned by company insiders.

Jabil Stock Up 0.4%

Shares of JBL stock traded up $0.8540 during trading hours 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. Jabil, Inc. has a 1 year low of $99.67 and a 1 year high of $232.84. 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 $21.99 billion, a PE ratio of 39.79, a PEG ratio of 1.43 and a beta of 1.20. The stock's fifty day moving average price is $216.71 and its two-hundred day moving average price is $174.08.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results 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. 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 the consensus estimate of $7.03 billion. During the same quarter in the previous year, the firm earned $1.89 EPS. Jabil's 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. Research analysts predict that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

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