2,193 Shares in Jabil, Inc. $JBL Bought by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC has acquired 2,193 shares of Jabil, Inc. worth approximately $298,000, marking a strategic investment in the technology company during the first quarter.
• Recent strong performance in Jabil's stock is highlighted by significant institutional buy-ins, including a 1,007.6% increase in stake by Point72 Asset Management and a 12.9% increase in stake by Wellington Management Group.
• Jabil has announced a dividend of $0.08 per share, with a payout ratio of 6.21%, set to be paid on September 3rd to stockholders of record on August 18th, reflecting the company's commitment to returning value to shareholders.

Quantitative Investment Management LLC acquired a new stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,193 shares of the technology company's stock, valued at approximately $298,000.

Several other hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. raised its position in Jabil by 1,007.6% during the 4th quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock worth $138,954,000 after purchasing an additional 878,444 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Jabil by 12.9% in the 1st quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company's stock worth $892,096,000 after acquiring an additional 747,423 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Jabil in the 1st quarter worth about $81,378,000. Jacobs Levy Equity Management Inc. raised its position in shares of Jabil by 16,190.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company's stock worth $79,539,000 after acquiring an additional 549,347 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Jabil by 17,410.3% in the 1st quarter. GAMMA Investing LLC now owns 524,958 shares of the technology company's stock worth $71,431,000 after acquiring an additional 521,960 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on JBL shares. 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. Wall Street Zen lowered Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Barclays lifted their price objective on Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $230.00 target price (up from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Jabil presently has an average rating of "Moderate Buy" and a consensus price target of $231.71.

Insider Buying and Selling at Jabil

In other Jabil news, Director Anousheh Ansari sold 1,000 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $222.75, for a total transaction of $222,750.00. Following the sale, the director owned 36,400 shares of the company's stock, valued at $8,108,100. The trade was a 2.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andrew Priestley sold 3,702 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $225.00, for a total transaction of $832,950.00. Following the sale, the executive vice president directly owned 44,833 shares in the company, valued at $10,087,425. The trade was a 7.63% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 332,847 shares of company stock worth $66,534,847. Company insiders own 1.73% of the company's stock.

Jabil Stock Down 2.5%

JBL stock traded down $5.24 during mid-day trading on Friday, reaching $204.63. 1,645,247 shares of the company traded hands, compared to its average volume of 1,362,662. The stock has a market cap of $21.96 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 1.43 and a beta of 1.25. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. Jabil, Inc. has a fifty-two week low of $99.67 and a fifty-two week high of $232.84. The firm's 50 day moving average price is $218.35 and its 200 day moving average price is $175.97.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous 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. As a group, equities research analysts predict that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be issued 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 payout ratio is 6.21%.

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).