Jabil, Inc. $JBL Shares Sold by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board reduced its holdings in Jabil, Inc. by 72.2% in Q1, selling 43,477 shares, leaving them with 16,731 shares worth approximately $2.3 million.
• Jabil reported $2.55 earnings per share (EPS) last quarter, exceeding the estimate of $2.28, with year-over-year revenue growth of 15.7%.
• Institutional investors now own 93.39% of Jabil's stock, reflecting significant investor interest, while the company declared a dividend yield of 14.0%.

Public Sector Pension Investment Board trimmed its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 72.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,731 shares of the technology company's stock after selling 43,477 shares during the period. Public Sector Pension Investment Board's holdings in Jabil were worth $2,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Mariner LLC boosted its holdings in Jabil by 15.8% in the fourth quarter. Mariner LLC now owns 17,084 shares of the technology company's stock valued at $2,458,000 after purchasing an additional 2,327 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Jabil by 234.0% during the fourth quarter. NewEdge Advisors LLC now owns 12,254 shares of the technology company's stock worth $1,763,000 after purchasing an additional 8,585 shares in the last quarter. Norinchukin Bank The lifted its position in shares of Jabil by 8.4% during the 4th quarter. Norinchukin Bank The now owns 5,040 shares of the technology company's stock worth $725,000 after buying an additional 391 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Jabil by 1.2% in the 4th quarter. MetLife Investment Management LLC now owns 30,222 shares of the technology company's stock valued at $4,349,000 after buying an additional 367 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of Jabil by 147.0% in the 4th quarter. MML Investors Services LLC now owns 13,651 shares of the technology company's stock valued at $1,964,000 after buying an additional 8,125 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on JBL. JPMorgan Chase & Co. lifted their price target on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. UBS Group lifted their target price on Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Stifel Nicolaus began coverage on Jabil in a research report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 target price on the stock. Bank of America lifted their target price on Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Finally, The Goldman Sachs Group lifted their target price on Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. 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. According to data from MarketBeat.com, Jabil has a consensus rating of "Buy" and an average price target of $231.71.

Insider Transactions at Jabil

In other news, Chairman Mark T. Mondello sold 150,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $193.33, for a total transaction of $28,999,500.00. Following the transaction, the chairman directly owned 1,560,192 shares in the company, valued at $301,631,919.36. The trade was a 8.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Dastoor sold 18,234 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $191.66, for a total transaction of $3,494,728.44. Following the completion of the sale, the chief executive officer owned 203,459 shares of the company's stock, valued at approximately $38,994,951.94. The trade was a 8.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 332,847 shares of company stock worth $66,534,847 over the last quarter. 1.73% of the stock is currently owned by corporate insiders.

Jabil Stock Performance

Shares of JBL stock traded up $4.35 during trading hours on Friday, hitting $209.41. The stock had a trading volume of 1,033,584 shares, compared to its average volume of 1,299,426. The firm has a market capitalization of $22.47 billion, a PE ratio of 40.66, a PEG ratio of 1.47 and a beta of 1.20. Jabil, Inc. has a twelve month low of $99.67 and a twelve month high of $232.84. The stock's 50 day moving average is $217.38 and its 200 day moving average is $174.41. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64.

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

Jabil Dividend Announcement

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