Jabil, Inc. $JBL Stock Holdings Reduced by Paradigm Capital Management Inc. NY

Key Points

• Paradigm Capital Management Inc. NY has a significant stake in Jabil, totaling approximately $77.68 million, representing about 4.3% of its holdings, despite a slight reduction in shares.
• Research analysts have recently raised their price targets for Jabil, with Barclays and JPMorgan Chase setting targets as high as $256, reflecting growing confidence in the company's performance.
• Jabil reported strong earnings, with $2.55 earnings per share for the quarter, exceeding expectations, and announced a quarterly dividend of $0.08 per share.

Paradigm Capital Management Inc. NY decreased its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 570,900 shares of the technology company's stock after selling 2,000 shares during the period. Jabil makes up 4.3% of Paradigm Capital Management Inc. NY's investment portfolio, making the stock its 6th largest holding. Paradigm Capital Management Inc. NY owned approximately 0.53% of Jabil worth $77,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV bought a new stake in shares of Jabil during the 1st quarter valued at about $27,000. Harbor Capital Advisors Inc. boosted its stake in shares of 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 purchasing an additional 116 shares in the last quarter. Groupe la Francaise boosted its stake in shares of Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company's stock valued at $34,000 after purchasing an additional 64 shares in the last quarter. Golden State Wealth Management LLC boosted its stake 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 worth $37,000 after acquiring an additional 264 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Jabil during the first quarter worth about $52,000. Institutional investors own 93.39% of the company's stock.

Insiders Place Their Bets

In other Jabil news, Chairman Mark T. Mondello sold 150,000 shares of Jabil stock in a transaction 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 completion of the transaction, the chairman directly owned 1,560,192 shares of the company's stock, valued at $301,631,919.36. This trade represents a 8.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Andrew Priestley sold 13,913 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 53,528 shares in the company, valued at approximately $10,875,283.76. This represents a 20.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 312,847 shares of company stock worth $63,199,847. Insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays boosted their price objective on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 17th. The Goldman Sachs Group boosted their price objective on shares of Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. JPMorgan Chase & Co. lifted 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. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $230.00 target price (up from $170.00) on shares of Jabil in a report on Wednesday, June 18th. Finally, Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. One equities 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 company's stock. According to MarketBeat, Jabil presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.71.

Jabil Stock Performance

JBL stock traded up $0.92 during midday trading on Wednesday, reaching $203.00. 1,067,903 shares of the company's stock traded hands, compared to its average volume of 1,309,740. Jabil, Inc. has a 52-week low of $99.67 and a 52-week high of $232.84. The stock has a market cap of $21.79 billion, a P/E ratio of 39.42, a PEG ratio of 1.19 and a beta of 1.25. 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 stock's 50-day moving average is $218.07 and its 200 day moving average is $176.40.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.27. The business had revenue of $7.83 billion during 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 was up 15.7% on a year-over-year basis. During the same period in the prior year, the business posted $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, analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 15th. Jabil's dividend payout ratio (DPR) is presently 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).