Landscape Capital Management L.L.C. Purchases New Position in Jabil, Inc. $JBL

Key Points

• Landscape Capital Management has acquired a new position in Jabil, Inc., purchasing 3,703 shares valued at approximately $504,000 during the first quarter.
• Jabil reported a earnings per share of $2.55 for the last quarter, exceeding estimates and demonstrating a 15.7% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.08 per share, reflecting a 0.2% annual yield, with the payment scheduled for September 3rd.

Landscape Capital Management L.L.C. purchased a new stake in Jabil, Inc. (NYSE:JBL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,703 shares of the technology company's stock, valued at approximately $504,000.

A number of other hedge funds also recently made changes to their positions in 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 in 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 in the last quarter. Cordatus Wealth Management LLC boosted its stake in shares of Jabil by 2.9% in the 1st quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company's stock valued at $330,000 after purchasing an additional 68 shares in the last quarter. AlphaCore Capital LLC boosted its stake in shares of Jabil by 2.4% in the 1st quarter. AlphaCore Capital LLC now owns 3,206 shares of the technology company's stock valued at $436,000 after purchasing an additional 76 shares in the last quarter. Finally, Allworth Financial LP boosted its position in Jabil by 22.5% during the 1st quarter. Allworth Financial LP now owns 529 shares of the technology company's stock worth $77,000 after buying an additional 97 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Raymond James Financial restated a "strong-buy" rating and issued a $230.00 price target (up previously from $170.00) on shares of Jabil in a research report 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. UBS Group lifted their price target on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Finally, Stifel Nicolaus began coverage on Jabil in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Jabil currently has an average rating of "Moderate Buy" and an average price target of $231.71.

Insider Buying and Selling

In other Jabil news, CEO Michael Dastoor sold 18,234 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $191.66, for a total value of $3,494,728.44. Following the completion of the sale, the chief executive officer directly owned 203,459 shares of the company's stock, valued at $38,994,951.94. This trade represents a 8.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven A. Raymund sold 15,955 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $216.83, for a total value of $3,459,522.65. Following the transaction, the director directly owned 99,828 shares in the company, valued at $21,645,705.24. This represents a 13.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 312,847 shares of company stock worth $63,199,847 in the last ninety days. Corporate insiders own 1.73% of the company's stock.

Jabil Stock Up 0.5%

Shares of NYSE JBL traded up $0.92 during trading on Wednesday, hitting $203.00. The stock had a trading volume of 1,067,903 shares, compared to its average volume of 1,418,565. Jabil, Inc. has a 12 month low of $99.67 and a 12 month high of $232.84. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64. The company has a market capitalization of $21.79 billion, a PE ratio of 39.42, a PEG ratio of 1.19 and a beta of 1.25. The firm has a fifty day moving average of $218.07 and a two-hundred day moving average of $176.40.

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

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th will be paid a $0.08 dividend. The ex-dividend date is 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%.

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).