MetLife Investment Management LLC Has $6.57 Million Stock Position in Jabil, Inc. $JBL

Key Points

• MetLife Investment Management LLC increased its stake in Jabil, Inc. by 59.8%, owning 48,287 shares worth approximately $6.57 million after additional purchases in the first quarter.
• Jabil's quarterly earnings surpassed expectations with reported earnings per share of $2.55, exceeding the consensus estimate of $2.28 and reflecting a year-over-year revenue increase of 15.7%.
• Institutional investors hold 93.39% of Jabil's stock, showcasing strong institutional confidence in the company's prospects.

MetLife Investment Management LLC grew its position in Jabil, Inc. (NYSE:JBL - Free Report) by 59.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,287 shares of the technology company's stock after buying an additional 18,065 shares during the quarter. MetLife Investment Management LLC's holdings in Jabil were worth $6,570,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in shares of Jabil by 12.9% in the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company's stock worth $892,096,000 after buying an additional 747,423 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Jabil by 15.7% in the first quarter. JPMorgan Chase & Co. now owns 2,173,095 shares of the technology company's stock worth $295,693,000 after buying an additional 295,496 shares during the period. Northern Trust Corp lifted its position in shares of Jabil by 8.3% in the first quarter. Northern Trust Corp now owns 1,384,364 shares of the technology company's stock worth $188,370,000 after purchasing an additional 105,632 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Jabil by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 1,118,282 shares of the technology company's stock worth $152,165,000 after purchasing an additional 37,201 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of Jabil by 1,007.6% in the fourth quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock worth $138,954,000 after purchasing an additional 878,444 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Jabil

In other Jabil news, EVP Andrew Priestley sold 13,913 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the transaction, the executive vice president owned 53,528 shares in the company, valued at $10,875,283.76. This trade represents a 20.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Mark T. Mondello sold 150,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $193.33, for a total value of $28,999,500.00. Following the transaction, the chairman owned 1,560,192 shares in the company, valued at approximately $301,631,919.36. This trade represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 332,847 shares of company stock valued at $66,534,847. 1.73% of the stock is owned by company insiders.

Jabil Price Performance

Shares of JBL opened at $208.19 on Thursday. The firm has a market cap of $22.34 billion, a PE ratio of 40.42, a PEG ratio of 1.46 and a beta of 1.20. The firm's 50 day moving average price is $218.25 and its 200 day moving average price is $175.32. 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, Inc. has a twelve month low of $99.67 and a twelve month high of $232.84.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.27. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The company's revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 earnings per share. 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, research analysts expect that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be issued a dividend of $0.08 per share. This represents a yield of 14.0%. The ex-dividend date is Friday, August 15th. Jabil's dividend payout ratio (DPR) is 6.21%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JBL. Bank of America increased their price target on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Barclays increased their price target on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Raymond James Financial reissued a "strong-buy" rating and issued a $230.00 price target (up from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. UBS Group increased their price target on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Finally, Wall Street Zen lowered shares of Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target 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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.