Kettle Hill Capital Management LLC Invests $3.21 Million in Jabil, Inc. $JBL

Key Points

• Kettle Hill Capital Management LLC has invested approximately $3.21 million in Jabil, acquiring 23,600 shares, making it the firm's 27th largest holding.
• Jabil's recent quarterly earnings report showed a 15.7% year-over-year increase in revenue to $7.83 billion and earnings per share of $2.55, surpassing analysts' expectations.
• Several institutional investors, including Wellington Management Group and JPMorgan Chase, have increased their stakes in Jabil, which indicates strong confidence in the company's prospects.

Kettle Hill Capital Management LLC acquired a new stake in Jabil, Inc. (NYSE:JBL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 23,600 shares of the technology company's stock, valued at approximately $3,211,000. Jabil makes up approximately 0.9% of Kettle Hill Capital Management LLC's holdings, making the stock its 27th biggest position.

A number of other hedge funds also recently made changes to their positions in JBL. Robeco Institutional Asset Management B.V. increased its position in shares of 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 in the last quarter. Envestnet Asset Management Inc. increased 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 acquiring an additional 18,126 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Jabil by 7.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,326 shares of the technology company's stock worth $453,000 after acquiring an additional 217 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new position in shares of Jabil during the first quarter worth approximately $214,000. Finally, QRG Capital Management Inc. grew its stake in shares of Jabil by 2.3% during the first quarter. QRG Capital Management Inc. now owns 5,978 shares of the technology company's stock valued at $813,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Trading Up 0.1%

Jabil stock traded up $0.11 during midday trading on Tuesday, hitting $209.28. 775,199 shares of the stock were exchanged, compared to its average volume of 1,409,602. The company has a fifty day simple moving average of $217.36 and a two-hundred day simple moving average of $177.58. Jabil, Inc. has a 52 week low of $99.67 and a 52 week high of $232.84. The stock has a market capitalization of $22.46 billion, a PE ratio of 40.64, a P/E/G ratio of 1.23 and a beta of 1.25. 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 posted its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 earnings per share (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 for the quarter, compared to the consensus estimate of $7.03 billion. During the same period last year, the company earned $1.89 earnings per share. The firm'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. Equities research analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors 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 annualized dividend and a yield of 0.2%. Jabil's dividend payout ratio is presently 6.21%.

Analysts Set New Price Targets

JBL has been the subject of several recent research reports. Bank of America boosted their price objective on Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, June 20th. UBS Group raised their target price on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $230.00 target price (up previously from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. Zacks Research lowered shares of Jabil from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Finally, Wall Street Zen lowered shares of Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Jabil has a consensus rating of "Moderate Buy" and a consensus price target of $231.71.

Insiders Place Their Bets

In related news, EVP Frederic E. Mccoy sold 4,500 shares of Jabil stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total value of $1,005,975.00. Following the completion of the sale, the executive vice president owned 124,203 shares of the company's stock, valued at approximately $27,765,580.65. This trade represents a 3.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anousheh Ansari sold 1,000 shares of Jabil 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 sale, the director directly owned 36,400 shares of the company's stock, valued at approximately $8,108,100. This trade represents a 2.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 332,847 shares of company stock valued at $67,200,247 over the last three months. Insiders own 1.73% of the company's stock.

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).