Jabil, Inc. $JBL Shares Acquired by Quarry LP

Key Points

• Quarry LP increased its stake in Jabil, Inc. by 354.6% during the first quarter, acquiring an additional 3,706 shares to total 4,751 shares worth approximately $646,000.
• Jabil reported a quarterly earnings per share (EPS) of $2.55, exceeding analyst estimates, with a revenue of $7.83 billion for the quarter, up 15.7% year-over-year.
• The company announced a quarterly dividend of $0.08 per share, reflecting a 0.2% yield, with the ex-dividend date set for August 15th.

Quarry LP boosted its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 354.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,751 shares of the technology company's stock after purchasing an additional 3,706 shares during the quarter. Quarry LP's holdings in Jabil were worth $646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC grew its holdings in Jabil by 12.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 2,091 shares of the technology company's stock worth $301,000 after acquiring an additional 228 shares in the last quarter. Utah Retirement Systems lifted its position in shares of Jabil by 0.5% during the 4th quarter. Utah Retirement Systems now owns 18,382 shares of the technology company's stock worth $2,645,000 after purchasing an additional 100 shares during the last quarter. Comerica Bank increased its holdings in Jabil by 10.9% in the fourth quarter. Comerica Bank now owns 22,438 shares of the technology company's stock valued at $3,229,000 after buying an additional 2,199 shares during the last quarter. Baker Avenue Asset Management LP purchased a new position in Jabil in the fourth quarter valued at $201,000. Finally, Baird Financial Group Inc. raised its stake in Jabil by 0.5% in the fourth quarter. Baird Financial Group Inc. now owns 40,462 shares of the technology company's stock valued at $5,822,000 after buying an additional 208 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JBL has been the subject of several research analyst reports. Bank of America upped their target price on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, June 20th. UBS Group upped their price objective on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Barclays raised their price objective on Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Raymond James Financial restated a "strong-buy" rating and set a $230.00 price target (up previously from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. Finally, Zacks Research cut Jabil from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. One equities 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 stock. According to data from MarketBeat.com, Jabil has a consensus rating of "Moderate Buy" and an average price target of $231.71.

Jabil Price Performance

JBL stock traded up $0.92 on Wednesday, reaching $203.00. 1,067,903 shares of the company's stock were exchanged, compared to its average volume of 1,309,740. The stock has a fifty day moving average of $218.07 and a 200-day moving average of $176.40. The firm has a market cap of $21.79 billion, a PE ratio of 25.73, a P/E/G ratio of 1.19 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 twelve month low of $99.67 and a twelve 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 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $7.03 billion. During the same quarter in the prior year, the firm posted $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, equities analysts predict that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is 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 presently 6.21%.

Insider Activity at Jabil

In other news, CEO Michael Dastoor sold 18,234 shares of Jabil 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 directly owned 203,459 shares in the company, valued at $38,994,951.94. The trade was a 8.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Steven D. Borges sold 22,443 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $200.01, for a total transaction of $4,488,824.43. Following the transaction, the executive vice president directly owned 102,803 shares in the company, valued at $20,561,628.03. The trade was a 17.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 312,847 shares of company stock valued at $63,199,847 in the last ninety days. 1.73% of the stock is owned by insiders.

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).