Jabil, Inc. $JBL Stock Holdings Lifted by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp increased its stake in Jabil, Inc. by 28,071.4%, owning approximately 343,409 shares valued at $46.73 million by the end of the first quarter.
• In recent insider trading, Chairman Mark T. Mondello sold 150,000 shares at an average price of $193.33, reducing his ownership by 8.77%.
• Jabil reported a 15.7% revenue increase year-over-year, with earnings per share of $2.55 for the last quarter, surpassing estimates.

Jones Financial Companies Lllp grew its position in Jabil, Inc. (NYSE:JBL - Free Report) by 28,071.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 343,409 shares of the technology company's stock after purchasing an additional 342,190 shares during the period. Jones Financial Companies Lllp owned approximately 0.32% of Jabil worth $46,728,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV acquired a new position in shares of Jabil during the first quarter worth approximately $27,000. Harbor Capital Advisors Inc. raised its stake in Jabil by 110.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock valued at $30,000 after acquiring an additional 116 shares in the last quarter. Groupe la Francaise raised its stake in Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company's stock valued at $34,000 after acquiring an additional 64 shares in the last quarter. Golden State Wealth Management LLC boosted its position in Jabil by 2,400.0% during the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after acquiring an additional 264 shares during the period. Finally, Wayfinding Financial LLC bought a new position in shares of Jabil in the first quarter worth $52,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Buying and Selling

In other news, Director Steven A. Raymund sold 13,432 shares of Jabil 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 transaction, the director owned 86,396 shares in the company, valued at approximately $19,275,811.56. The trade was a 13.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew Priestley sold 3,702 shares of Jabil stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $225.00, for a total value of $832,950.00. Following the transaction, the executive vice president directly owned 44,833 shares in the company, valued at approximately $10,087,425. This trade represents a 7.63% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 332,847 shares of company stock valued at $67,200,247. 1.73% of the stock is currently owned by company insiders.

Jabil Trading Up 3.2%

Shares of NYSE:JBL traded up $6.65 during midday trading on Wednesday, reaching $215.87. The company had a trading volume of 1,432,699 shares, compared to its average volume of 1,332,738. The company has a fifty day simple moving average of $217.22 and a two-hundred day simple moving average of $177.80. The firm has a market cap of $23.17 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.22 and a beta of 1.25. Jabil, Inc. has a 1-year low of $99.67 and a 1-year high of $232.84. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating 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 during 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 quarterly revenue 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. Research analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were issued a $0.08 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil's dividend payout ratio is presently 6.21%.

Analyst Ratings Changes

A number of brokerages recently weighed in on JBL. Bank of America lifted their price objective on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $230.00 price target (up from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. The Goldman Sachs Group raised their price objective on shares of Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Zacks Research cut Jabil from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, Barclays upped their target price on Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. One research 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's stock. According to MarketBeat, Jabil currently has an average rating of "Moderate Buy" and a consensus target price of $231.71.

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).