Jabil, Inc. $JBL Shares Sold by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC has reduced its holdings in Jabil, Inc. by 33.2%, selling 1,988 shares, leaving them with 3,991 shares valued at approximately $543,000.
• Jabil reported a strong quarterly earnings performance, with earnings per share of $2.55, beating estimates and marking a 15.7% increase in revenue year-over-year.
• Jabil has declared a quarterly dividend of $0.08, with a yield of 0.2%, and has a dividend payout ratio of 6.21%.

Magnetar Financial LLC lessened its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 33.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,991 shares of the technology company's stock after selling 1,988 shares during the quarter. Magnetar Financial LLC's holdings in Jabil were worth $543,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Groupe la Francaise grew its position in 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 acquiring an additional 64 shares during the last quarter. Keeley Teton Advisors LLC raised its stake in shares of Jabil by 0.3% during the first quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company's stock valued at $3,456,000 after acquiring an additional 64 shares in the last quarter. Cordatus Wealth Management LLC raised its stake in shares of Jabil by 2.9% during the first quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company's stock valued at $330,000 after acquiring an additional 68 shares in the last quarter. AlphaCore Capital LLC raised its stake in shares of Jabil by 2.4% during the first quarter. AlphaCore Capital LLC now owns 3,206 shares of the technology company's stock valued at $436,000 after acquiring an additional 76 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Jabil by 22.5% during the first quarter. Allworth Financial LP now owns 529 shares of the technology company's stock valued at $77,000 after acquiring an additional 97 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Insider Activity at Jabil

In other Jabil news, EVP Andrew Priestley sold 3,702 shares of Jabil stock in a transaction dated 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 owned 44,833 shares of the company's stock, valued at approximately $10,087,425. The trade was a 7.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven A. Raymund sold 13,432 shares of Jabil stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $223.11, for a total value of $2,996,813.52. Following 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 disclosure for this sale can be found here. Insiders have sold a total of 332,847 shares of company stock worth $67,200,247 in the last quarter. 1.73% of the stock is owned by insiders.

Jabil Stock Up 0.9%

JBL traded up $1.97 during trading on Friday, hitting $209.94. The stock had a trading volume of 1,116,933 shares, compared to its average volume of 1,348,530. Jabil, Inc. has a twelve month low of $99.67 and a twelve month 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. The company has a market capitalization of $22.53 billion, a PE ratio of 40.77, a PEG ratio of 1.21 and a beta of 1.25. The stock has a 50 day simple moving average of $217.55 and a two-hundred day simple moving average of $177.12.

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 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 for the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. The company's revenue for the quarter 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, research analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

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

Wall Street Analyst Weigh In

JBL has been the topic of several recent research reports. Wall Street Zen cut shares of Jabil from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. increased their target price on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Barclays increased their target price on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Finally, The Goldman Sachs Group boosted their price target on Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research 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 assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $231.71.

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).