Nomura Holdings Inc. Acquires 2,377 Shares of Jabil, Inc. $JBL

Key Points

• Nomura Holdings Inc. increased its stake in Jabil, Inc. by 63.9%, acquiring an additional 2,377 shares during the first quarter, now owning a total of 6,099 shares valued at approximately $830,000.
• Several large investors, including Point72 Asset Management and Wellington Management, have significantly increased their holdings in Jabil, with over 93.39% of the stock now owned by institutional investors.
• Jabil's latest earnings report showed a quarterly EPS of $2.55, exceeding analysts' expectations, with revenue reaching $7.83 billion, a 15.7% increase compared to the prior year.

Nomura Holdings Inc. increased its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 63.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,099 shares of the technology company's stock after purchasing an additional 2,377 shares during the quarter. Nomura Holdings Inc.'s holdings in Jabil were worth $830,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV bought a new stake in shares of Jabil during the first quarter valued at about $27,000. Harbor Capital Advisors Inc. raised its stake in shares of Jabil by 110.5% in the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after acquiring an additional 116 shares during the last quarter. Groupe la Francaise grew its holdings 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 buying an additional 64 shares during the period. Golden State Wealth Management LLC boosted its position in Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock valued at $37,000 after purchasing an additional 264 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Jabil in the first quarter valued at about $52,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insider Activity

In other news, EVP Andrew Priestley sold 13,913 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Raymund sold 15,955 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $216.83, for a total transaction of $3,459,522.65. Following the sale, the director directly owned 99,828 shares in the company, valued at $21,645,705.24. This trade represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 332,847 shares of company stock valued at $67,200,247. Corporate insiders own 1.73% of the company's stock.

Jabil Trading Down 0.8%

Jabil stock traded down $1.59 during midday trading on Monday, reaching $208.51. 451,001 shares of the stock traded hands, compared to its average volume of 1,409,462. The firm has a market cap of $22.38 billion, a PE ratio of 40.41, a price-to-earnings-growth ratio of 1.23 and a beta of 1.25. The company has a 50-day simple moving average of $217.55 and a two-hundred day simple moving average of $177.26. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. 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 released its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%.The business had revenue of $7.83 billion during the quarter, compared to analysts' expectations of $7.03 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. The company's quarterly 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. Research analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on JBL shares. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. Zacks Research downgraded Jabil from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Wall Street Zen lowered Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Bank of America upped their target price on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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).