MBB Public Markets I LLC Acquires New Shares in Jabil, Inc. $JBL

Key Points

• MBB Public Markets I LLC has acquired a new stake in Jabil, Inc., purchasing 2,254 shares valued at approximately $307,000 during the 1st quarter.
• Analysts have provided a consensus rating of "Moderate Buy" for Jabil, with target prices ranging from $206 to $231.71.
• Jabil reported a quarterly earnings per share (EPS) of $2.55, surpassing expectations, and its revenue increased by 15.7% year-over-year, totaling $7.83 billion.

MBB Public Markets I LLC acquired a new stake in Jabil, Inc. (NYSE:JBL - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,254 shares of the technology company's stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JBL. Creative Financial Designs Inc. ADV bought a new position in Jabil in the 1st quarter valued at approximately $27,000. Harbor Capital Advisors Inc. lifted its position in Jabil by 110.5% in 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 lifted 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 in the last quarter. Golden State Wealth Management LLC lifted its position in Jabil by 2,400.0% in the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock valued at $37,000 after acquiring an additional 264 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in Jabil in the 1st quarter valued at approximately $52,000. 93.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JBL. Barclays boosted their target price on shares of Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating 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. Raymond James Financial reiterated a "strong-buy" rating and set a $230.00 target price (up from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. 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 equities research 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $231.71.

Jabil Trading Up 3.2%

NYSE:JBL opened at $215.87 on Thursday. 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 firm has a market capitalization of $23.17 billion, a price-to-earnings ratio of 41.92, a price-to-earnings-growth ratio of 1.22 and a beta of 1.25. Jabil, Inc. has a one year low of $99.67 and a one year high of $232.84. The business has a fifty day moving average price of $217.09 and a 200-day moving average price of $178.06.

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, topping the consensus estimate of $2.28 by $0.27. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%.Jabil's revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 EPS. Jabil has set its FY 2025 guidance at 9.330-9.330 EPS. Q4 2025 guidance at 2.640-3.040 EPS. Sell-side analysts forecast that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company 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 of this dividend was Friday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil's dividend payout ratio is currently 6.21%.

Insider Buying and Selling

In related news, EVP Andrew Priestley sold 13,913 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total value of $2,826,704.21. Following the completion of the transaction, the executive vice president owned 53,528 shares of the company's stock, valued at approximately $10,875,283.76. This represents a 20.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Steven D. Borges sold 22,443 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $200.01, for a total transaction of $4,488,824.43. Following the completion of the transaction, the executive vice president directly owned 102,803 shares of the company's stock, valued at $20,561,628.03. This represents a 17.92% 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 three months. Corporate insiders own 1.73% of the company's stock.

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).

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