Neuberger Berman Group LLC Acquires 6,612 Shares of Jabil, Inc. $JBL

Key Points

• Neuberger Berman Group LLC increased its stake in Jabil, Inc. by 76.8%, owning a total of 15,219 shares valued at $2.07 million after purchasing 6,612 additional shares in the first quarter.
• Several other institutional investors have also significantly increased their holdings in Jabil, leading to institutional ownership of approximately 93.39% of the company's stock.
• Analysts have raised their price targets for Jabil, with Barclays setting a target of $223 and JPMorgan Chase & Co. increasing theirs to $256, reflecting a positive outlook for the company.

Neuberger Berman Group LLC lifted its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 76.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,219 shares of the technology company's stock after purchasing an additional 6,612 shares during the quarter. Neuberger Berman Group LLC's holdings in Jabil were worth $2,071,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Creative Financial Designs Inc. ADV acquired a new stake in Jabil during the 1st quarter worth about $27,000. Harbor Capital Advisors Inc. grew its stake in Jabil by 110.5% during 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. Golden State Wealth Management LLC grew its stake in shares of 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 buying an additional 264 shares in the last quarter. True Wealth Design LLC grew its stake in shares of Jabil by 3,411.1% in the 4th quarter. True Wealth Design LLC now owns 316 shares of the technology company's stock valued at $45,000 after buying an additional 307 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Jabil in the 1st quarter valued at approximately $52,000. 93.39% of the stock is currently owned by institutional investors.

Insider Activity at Jabil

In related news, Director Anousheh Ansari sold 1,000 shares of the firm's 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 sale, the director directly owned 36,400 shares of the company's stock, valued at $8,108,100. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $219.20, for a total value of $4,384,000.00. Following the sale, the chairman directly owned 1,420,190 shares in the company, valued at $311,305,648. The trade was a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,847 shares of company stock worth $66,534,847 in the last quarter. 1.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

JBL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Bank of America lifted their price objective on Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. Wall Street Zen cut Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Stifel Nicolaus assumed coverage on Jabil in a report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $231.71.

Jabil Stock Performance

JBL stock traded down $9.88 during trading hours on Tuesday, hitting $205.78. 1,255,091 shares of the stock were exchanged, compared to its average volume of 1,413,126. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $22.08 billion, a P/E ratio of 39.92, a P/E/G ratio of 1.50 and a beta of 1.20. The company has a 50-day simple moving average of $215.13 and a two-hundred day simple moving average of $173.33. Jabil, Inc. has a 12 month low of $99.67 and a 12 month high of $232.84.

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 for the quarter, topping the consensus estimate of $2.28 by $0.27. The firm had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%.The company's quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business earned $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. On average, analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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

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).