Freedom Investment Management Inc. Has $1.41 Million Stake in Jabil, Inc. $JBL

Key Points

• Freedom Investment Management Inc. has decreased its stake in Jabil, Inc. by 16.3%, now owning 10,325 shares valued at approximately $1.4 million.
• Institutional investors collectively own 93.39% of Jabil's stock, with notable increases in holdings from Robeco Institutional Asset Management and Envestnet Asset Management.
• Jabil's recent earnings report exceeded expectations, with revenue of $7.83 billion and an EPS of $2.55 for the quarter, leading analysts to anticipate a 9.330 EPS for FY 2025.

Freedom Investment Management Inc. cut its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 16.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,325 shares of the technology company's stock after selling 2,006 shares during the quarter. Freedom Investment Management Inc.'s holdings in Jabil were worth $1,405,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MetLife Investment Management LLC increased its position in Jabil by 59.8% in the 1st quarter. MetLife Investment Management LLC now owns 48,287 shares of the technology company's stock valued at $6,570,000 after acquiring an additional 18,065 shares during the period. Quantitative Investment Management LLC bought a new position in shares of Jabil in the first quarter worth $298,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Jabil by 2.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,212 shares of the technology company's stock valued at $1,526,000 after purchasing an additional 217 shares during the period. Groupe la Francaise raised its stake in shares of Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock valued at $34,000 after purchasing an additional 64 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in Jabil by 177.2% in the first quarter. AlphaQuest LLC now owns 1,813 shares of the technology company's stock worth $247,000 after purchasing an additional 1,159 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Jabil Price Performance

Shares of Jabil stock traded up $2.25 during midday trading on Thursday, reaching $210.15. The company had a trading volume of 1,352,321 shares, compared to its average volume of 1,341,527. 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 fifty day simple moving average of $218.25 and a 200 day simple moving average of $175.32. Jabil, Inc. has a 1-year low of $99.67 and a 1-year high of $232.84. The company has a market capitalization of $22.55 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 1.45 and a beta of 1.20.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%.The company had revenue of $7.83 billion during the quarter, compared to analysts' expectations of $7.03 billion. During the same period last year, the firm earned $1.89 EPS. The business'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, equities research analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Raymond James Financial reissued a "strong-buy" rating and issued a $230.00 price target (up from $170.00) on shares of Jabil in a report on Wednesday, June 18th. Wall Street Zen downgraded Jabil from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Bank of America raised their price target on Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. The Goldman Sachs Group increased their target price on shares of Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Finally, Zacks Research cut shares of Jabil from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.71.

Insider Activity at Jabil

In other news, Director Anousheh Ansari sold 1,000 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $222.75, for a total value of $222,750.00. Following the transaction, the director directly owned 36,400 shares in the company, valued at $8,108,100. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew Priestley sold 3,702 shares of Jabil stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $225.00, for a total value of $832,950.00. Following the sale, the executive vice president directly owned 44,833 shares of the company's stock, valued at approximately $10,087,425. This trade represents a 7.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 332,847 shares of company stock worth $66,534,847. 1.73% of the stock is owned by company insiders.

Jabil Company 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).