Petrus Trust Company LTA Cuts Holdings in Jabil, Inc. $JBL

Key Points

• Petrus Trust Company LTA significantly reduced its stake in Jabil, Inc. by selling 3,774 shares, resulting in a 64.8% decrease in its holdings during the first quarter, now valued at approximately $279,000.
• Several institutional investors have increased their investments in Jabil, with Point72 Asset Management L.P. increasing its stake by an impressive 1,007.6% in the last quarter, now holding 965,629 shares valued at nearly $139 million.
• Jabil's quarterly earnings surpassed analysts' expectations, reporting an EPS of $2.55 against a consensus estimate of $2.28, alongside a substantial revenue increase of 15.7% year-over-year, reaching $7.83 billion.

Petrus Trust Company LTA reduced its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 64.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,049 shares of the technology company's stock after selling 3,774 shares during the period. Petrus Trust Company LTA's holdings in Jabil were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its stake in shares of Jabil by 84.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 13,568 shares of the technology company's stock valued at $1,846,000 after acquiring an additional 6,225 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Jabil by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 242,977 shares of the technology company's stock valued at $33,062,000 after acquiring an additional 18,126 shares during the period. Kingswood Wealth Advisors LLC increased its stake in Jabil by 7.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,326 shares of the technology company's stock worth $453,000 after buying an additional 217 shares during the period. OneDigital Investment Advisors LLC purchased a new position in Jabil in the 1st quarter worth about $214,000. Finally, QRG Capital Management Inc. increased its stake in Jabil by 2.3% in the 1st quarter. QRG Capital Management Inc. now owns 5,978 shares of the technology company's stock worth $813,000 after buying an additional 132 shares during the period. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insiders Place Their Bets

In related news, Director Steven A. Raymund sold 13,432 shares of Jabil stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $223.11, for a total value of $2,996,813.52. Following the completion of the sale, the director directly owned 86,396 shares in the company, valued at $19,275,811.56. This trade represents a 13.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $200.02, for a total transaction of $4,000,400.00. Following the transaction, the chairman directly owned 1,400,190 shares of the company's stock, valued at approximately $280,066,003.80. This trade represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 332,847 shares of company stock worth $67,200,247. Insiders own 1.73% of the company's stock.

Jabil Stock Down 0.0%

Jabil stock traded down $0.06 during midday trading on Friday, hitting $214.22. 965,598 shares of the company's stock were exchanged, compared to its average volume of 1,273,006. Jabil, Inc. has a 12 month low of $103.82 and a 12 month high of $232.84. The company has a market cap of $22.99 billion, a PE ratio of 41.60, a P/E/G ratio of 1.25 and a beta of 1.25. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98. The firm has a 50-day moving average of $216.68 and a two-hundred day moving average of $178.83.

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

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, August 15th. Jabil's dividend payout ratio (DPR) is currently 6.21%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. UBS Group raised their price target on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Bank of America raised their price target 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. Stifel Nicolaus assumed coverage on shares of Jabil in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price target on the stock. The Goldman Sachs Group raised their price target 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. Finally, JPMorgan Chase & Co. increased 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. One 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.com, the company has a consensus rating of "Moderate 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).