Royal Bank of Canada Has $13.13 Million Position in Jabil, Inc. $JBL

Key Points

• Royal Bank of Canada reduced its stake in Jabil, Inc. ($JBL) by 41.1%, owning 96,485 shares worth approximately $13.13 million after selling 67,253 shares in the first quarter.
• Jabil reported a Q2 earnings per share of $2.55, exceeding analyst expectations of $2.28, with quarterly revenue reaching $7.83 billion. This was a 15.7% increase compared to the same period last year.
• The company declared a quarterly dividend of $0.08 per share, which translates to an annualized dividend of $0.32 and a yield of 0.1%.

Royal Bank of Canada reduced its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 41.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,485 shares of the technology company's stock after selling 67,253 shares during the period. Royal Bank of Canada owned about 0.09% of Jabil worth $13,129,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Creative Financial Designs Inc. ADV acquired a new stake in shares of Jabil during the 1st quarter valued at about $27,000. Harbor Capital Advisors Inc. boosted its position 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 acquiring an additional 116 shares in the last quarter. Groupe la Francaise boosted its position 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 acquiring an additional 64 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of Jabil by 2,400.0% during the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock valued at $37,000 after acquiring an additional 264 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Jabil during the 1st quarter valued at about $52,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Trading Up 3.2%

JBL opened at $215.87 on Thursday. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64. The company has a market cap of $23.17 billion, a price-to-earnings ratio of 41.92, a price-to-earnings-growth ratio of 1.22 and a beta of 1.25. The firm has a 50 day simple moving average of $217.09 and a 200 day simple moving average of $178.06. Jabil, Inc. has a fifty-two week low of $99.67 and a fifty-two week high of $232.84.

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 the consensus estimate of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. Jabil's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm 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. On average, sell-side analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, August 15th. Jabil's payout ratio is 6.21%.

Wall Street Analyst Weigh In

JBL has been the topic of several recent research reports. Barclays lifted their target price on shares of Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. JPMorgan Chase & Co. lifted their price target on shares of Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. The Goldman Sachs Group lifted their price target on shares of Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Raymond James Financial reissued a "strong-buy" rating and set a $230.00 price target (up from $170.00) on shares of Jabil in a report on Wednesday, June 18th. Finally, UBS Group lifted their price target on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. One 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $231.71.

Insider Buying and Selling at Jabil

In related news, EVP Frederic E. Mccoy sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $223.55, for a total transaction of $1,005,975.00. Following the completion of the sale, the executive vice president directly owned 124,203 shares of the company's stock, valued at $27,765,580.65. The trade was a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven A. Raymund sold 13,432 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $223.11, for a total transaction of $2,996,813.52. Following the sale, the director directly owned 86,396 shares of the company's stock, valued at approximately $19,275,811.56. This trade represents a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,847 shares of company stock valued at $67,200,247 over the last 90 days. Company insiders own 1.73% of the company's stock.

Jabil Company 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).

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