Van Lanschot Kempen Investment Management N.V. Lowers Stock Holdings in Jabil, Inc. $JBL

Key Points

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Van Lanschot Kempen Investment Management N.V. decreased its position in Jabil, Inc. (NYSE:JBL - Free Report) by 26.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 450,238 shares of the technology company's stock after selling 161,071 shares during the period. Van Lanschot Kempen Investment Management N.V. owned 0.42% of Jabil worth $61,264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mariner LLC raised its position in Jabil by 15.8% in the 4th quarter. Mariner LLC now owns 17,084 shares of the technology company's stock valued at $2,458,000 after buying an additional 2,327 shares during the last quarter. NewEdge Advisors LLC boosted 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 during the last quarter. GeoWealth Management LLC grew its position in Jabil by 95.9% in the fourth quarter. GeoWealth Management LLC now owns 2,919 shares of the technology company's stock valued at $420,000 after purchasing an additional 1,429 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in Jabil by 519.5% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 40,630 shares of the technology company's stock valued at $5,847,000 after buying an additional 34,071 shares during the last quarter. Finally, Norinchukin Bank The lifted its position in 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 in the last quarter. 93.39% of the stock is owned by institutional investors.

Jabil Stock Performance

Shares of JBL traded up $0.8540 during mid-day trading on Thursday, reaching $204.9040. The company's stock had a trading volume of 1,048,942 shares, compared to its average volume of 1,343,710. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. Jabil, Inc. has a 1-year low of $99.67 and a 1-year high of $232.84. The business has a 50-day simple moving average of $216.71 and a two-hundred day simple moving average of $174.08. The stock has a market cap of $21.99 billion, a P/E ratio of 39.79, a PEG ratio of 1.43 and a beta of 1.20.

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, beating analysts' consensus estimates of $2.28 by $0.27. The business had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%.The firm's revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior 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 anticipate that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

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 payout ratio is 6.21%.

Insider Buying and Selling

In other news, Chairman Mark T. Mondello sold 150,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $193.33, for a total transaction of $28,999,500.00. Following the sale, the chairman directly owned 1,560,192 shares in the company, valued at approximately $301,631,919.36. The trade was a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steven D. Borges sold 22,443 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $200.01, for a total value of $4,488,824.43. Following the completion of the transaction, the executive vice president directly owned 102,803 shares in the company, valued at $20,561,628.03. This represents a 17.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 332,847 shares of company stock worth $66,534,847 in the last ninety days. Insiders own 1.73% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on JBL. Stifel Nicolaus started coverage on Jabil in a report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective for the company. Wall Street Zen downgraded Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. The Goldman Sachs Group boosted their price target on Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. increased their price objective on Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, Raymond James Financial reissued 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 analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $231.71.

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).