Strs Ohio Lowers Holdings in Jabil, Inc. $JBL

Key Points

• Strs Ohio cut its position in Jabil by 15.7%, selling 9,195 shares and retaining 49,327 shares valued at about $11.25 million.
• Jabil topped quarterly estimates with $2.69 EPS vs. $2.51 expected and revenue of $8.28 billion (up 23.1% YoY), and announced a quarterly dividend of $0.08 ($0.32 annualized, ~0.1% yield).
• Insiders have sold 37,981 shares worth roughly $11.36 million in the past 90 days, while institutional investors own about 93.39% of the company.

Strs Ohio lowered its position in Jabil, Inc. (NYSE:JBL - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,327 shares of the technology company's stock after selling 9,195 shares during the quarter. Strs Ohio's holdings in Jabil were worth $11,248,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. First Horizon Corp purchased a new position in shares of Jabil during the third quarter valued at $30,000. True Wealth Design LLC lifted its stake in Jabil by 250.0% in the third quarter. True Wealth Design LLC now owns 140 shares of the technology company's stock worth $30,000 after acquiring an additional 100 shares during the period. Banque Cantonale Vaudoise bought a new position in Jabil during the 3rd quarter worth about $43,000. Rothschild Investment LLC increased its position in Jabil by 51.1% during the 3rd quarter. Rothschild Investment LLC now owns 213 shares of the technology company's stock valued at $46,000 after purchasing an additional 72 shares during the period. Finally, Caitlin John LLC purchased a new position in Jabil during the 3rd quarter valued at about $47,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Stock Down 0.5%

Shares of JBL stock opened at $340.67 on Tuesday. The stock's fifty day moving average price is $281.97 and its 200 day moving average price is $246.17. Jabil, Inc. has a 1-year low of $146.88 and a 1-year high of $349.62. The company has a market cap of $35.94 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 1.78 and a beta of 1.29. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.01 and a quick ratio of 0.68.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $2.51 by $0.18. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The company had revenue of $8.28 billion during the quarter, compared to analysts' expectations of $7.75 billion. During the same period last year, the business posted $1.94 earnings per share. The firm's revenue was up 23.1% compared to the same quarter last year. On average, research analysts expect that Jabil, Inc. will post 11.3 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Friday, May 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil's dividend payout ratio (DPR) is 4.30%.

Analyst Ratings Changes

Several brokerages have recently weighed in on JBL. Weiss Ratings cut shares of Jabil from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, April 24th. Bank of America boosted their price objective on shares of Jabil from $295.00 to $354.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. Barclays upped their target price on Jabil from $283.00 to $304.00 and gave the stock an "overweight" rating in a report on Wednesday, March 18th. UBS Group increased their target price on Jabil from $244.00 to $254.00 and gave the company a "neutral" rating in a research report on Tuesday, March 10th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $282.00 price target on shares of Jabil in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Jabil has an average rating of "Buy" and a consensus target price of $290.63.

Insider Activity at Jabil

In other news, SVP Gary K. Schick sold 1,000 shares of the business's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $340.00, for a total transaction of $340,000.00. Following the sale, the senior vice president directly owned 39,843 shares of the company's stock, valued at $13,546,620. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP May Yee Yap sold 1,634 shares of the company's stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $306.74, for a total value of $501,213.16. Following the completion of the transaction, the senior vice president directly owned 23,787 shares in the company, valued at approximately $7,296,424.38. The trade was a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,981 shares of company stock worth $11,360,740 in the last 90 days. 1.35% of the stock is owned by insiders.

Jabil Profile

Jabil Inc NYSE: JBL is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil's expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.

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