Te Ahumairangi Investment Management Ltd Buys 4,920 Shares of Jabil, Inc. $JBL

Key Points

• Te Ahumairangi Investment Management Ltd increased its stake in Jabil, Inc. by 30.2%, owning 21,187 shares valued at approximately $2.88 million.
• Recent analyst ratings show enhanced confidence in Jabil, with Bank of America and Barclays raising their price objectives, giving Jabil a "Buy" or "Overweight" rating.
• Jabil reported strong financial results, including a year-over-year revenue increase of 15.7% and earnings per share (EPS) that exceeded analyst expectations.

Te Ahumairangi Investment Management Ltd boosted its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 30.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,187 shares of the technology company's stock after purchasing an additional 4,920 shares during the quarter. Te Ahumairangi Investment Management Ltd's holdings in Jabil were worth $2,883,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its holdings in Jabil by 84.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 13,568 shares of the technology company's stock worth $1,846,000 after purchasing an additional 6,225 shares during the last quarter. Envestnet Asset Management Inc. raised its position in 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 grew its stake in shares of Jabil by 7.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 3,326 shares of the technology company's stock worth $453,000 after purchasing an additional 217 shares during the period. OneDigital Investment Advisors LLC bought a new stake in Jabil during the first quarter worth about $214,000. Finally, QRG Capital Management Inc. grew its position in Jabil by 2.3% during the first quarter. QRG Capital Management Inc. now owns 5,978 shares of the technology company's stock worth $813,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Analysts Set New Price Targets

JBL has been the topic of a number of analyst reports. Wall Street Zen cut shares of Jabil from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. JPMorgan Chase & Co. lifted their price target on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $230.00 price objective (up from $170.00) on shares of Jabil in a report on Wednesday, June 18th. Zacks Research cut shares of Jabil from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Finally, The Goldman Sachs Group lifted their target price on shares of Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. One research 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $231.71.

Jabil Stock Performance

Shares of JBL stock traded down $2.84 during trading hours on Tuesday, reaching $201.99. 2,091,796 shares of the company's stock were exchanged, compared to its average volume of 1,416,883. The business has a fifty day moving average price of $218.27 and a 200-day moving average price of $176.22. 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 market capitalization of $21.68 billion, a P/E ratio of 39.22, a P/E/G ratio of 1.43 and a beta of 1.25. Jabil, Inc. has a fifty-two week low of $99.67 and a fifty-two week high of $232.84.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (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 business had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. During the same quarter last year, the business earned $1.89 earnings per share. The firm'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. Analysts predict that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

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

Insider Activity

In related news, Director Steven A. Raymund sold 13,432 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $223.11, for a total transaction of $2,996,813.52. Following the completion of the sale, the director directly owned 86,396 shares in the company, valued at $19,275,811.56. This represents a 13.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anousheh Ansari sold 1,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $222.75, for a total value of $222,750.00. Following the completion of the transaction, the director directly owned 36,400 shares of the company's stock, valued at approximately $8,108,100. The trade was a 2.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 312,847 shares of company stock worth $63,199,847. 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).