Jacobs Levy Equity Management Inc. Purchases 662,938 Shares of Jabil, Inc. $JBL

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Jabil, Inc. by 119.9%, owning 1,215,678 shares valued at approximately $165.4 million.
• Jabil reported a Q2 earnings per share of $2.55, surpassing analyst expectations, with quarterly revenue of $7.83 billion, a 15.7% increase year-over-year.
• The company announced a quarterly dividend of $0.08 per share, representing an annual yield of 0.2%, with insiders recently selling a total of 332,847 shares worth over $67 million.

Jacobs Levy Equity Management Inc. increased its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 119.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,215,678 shares of the technology company's stock after buying an additional 662,938 shares during the period. Jabil accounts for about 0.7% of Jacobs Levy Equity Management Inc.'s portfolio, making the stock its 29th largest holding. Jacobs Levy Equity Management Inc. owned 1.13% of Jabil worth $165,417,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Groupe la Francaise boosted its stake in shares of Jabil by 35.2% in the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company's stock valued at $34,000 after purchasing an additional 64 shares during the last quarter. Keeley Teton Advisors LLC boosted its stake in shares of Jabil by 0.3% in the 1st quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company's stock valued at $3,456,000 after purchasing an additional 64 shares during the last quarter. Cordatus Wealth Management LLC boosted its stake in Jabil by 2.9% during the first quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company's stock worth $330,000 after acquiring an additional 68 shares in the last quarter. AlphaCore Capital LLC boosted its stake in Jabil by 2.4% during the first quarter. AlphaCore Capital LLC now owns 3,206 shares of the technology company's stock worth $436,000 after acquiring an additional 76 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Jabil by 22.5% during the first quarter. Allworth Financial LP now owns 529 shares of the technology company's stock worth $77,000 after acquiring an additional 97 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Insider Buying and Selling

In related news, Director Steven A. Raymund sold 13,432 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $223.11, for a total value of $2,996,813.52. Following the completion of the sale, the director directly owned 86,396 shares of the company's stock, valued at approximately $19,275,811.56. This represents a 13.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew Priestley sold 3,702 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $225.00, for a total transaction of $832,950.00. Following the completion of the sale, the executive vice president directly owned 44,833 shares of the company's stock, valued at $10,087,425. This represents a 7.63% 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 worth $67,200,247 in the last ninety days. Corporate insiders own 1.73% of the company's stock.

Jabil Stock Up 0.1%

Shares of JBL stock traded up $0.11 during mid-day trading on Tuesday, reaching $209.28. 775,199 shares of the company's stock traded hands, compared to its average volume of 1,409,602. The company has a market cap of $22.46 billion, a P/E ratio of 40.64, a P/E/G ratio of 1.23 and a beta of 1.25. The company's 50-day moving average price is $217.36 and its 200-day moving average price is $177.58. Jabil, Inc. has a 12 month low of $99.67 and a 12 month high of $232.84. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85.

Jabil (NYSE:JBL - Get Free Report) last announced 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 analysts' expectations of $7.03 billion. During the same quarter in the previous year, the business posted $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. On average, equities analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Jabil's dividend payout ratio is presently 6.21%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays increased 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. Stifel Nicolaus assumed coverage on shares of Jabil in a research note on Wednesday, July 2nd. They set a "buy" rating and a $245.00 target price on the stock. Bank of America increased their target price on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Wall Street Zen lowered shares of Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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).