Venture Visionary Partners LLC Acquires Shares of 9,172 Jabil, Inc. $JBL

Key Points

• Venture Visionary Partners LLC acquired 9,172 shares of Jabil, Inc., valued at approximately $1,248,000, during the 1st quarter, indicating increased institutional interest in the company.
• Jabil's recent quarterly earnings report showed an EPS of $2.55, exceeding analysts' expectations of $2.28, while revenues reached $7.83 billion, up 15.7% year-over-year.
• The company announced a dividend of $0.08 per share, with an upcoming payment date on September 3rd, reflecting a 6.21% payout ratio.

Venture Visionary Partners LLC acquired a new stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,172 shares of the technology company's stock, valued at approximately $1,248,000.

Several other large investors have also bought and sold shares of JBL. Robeco Institutional Asset Management B.V. raised its stake in shares of Jabil by 84.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 13,568 shares of the technology company's stock worth $1,846,000 after purchasing an additional 6,225 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Jabil by 8.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 242,977 shares of the technology company's stock worth $33,062,000 after purchasing an additional 18,126 shares during the period. Kingswood Wealth Advisors LLC raised its stake in shares of Jabil by 7.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,326 shares of the technology company's stock worth $453,000 after purchasing an additional 217 shares during the period. OneDigital Investment Advisors LLC bought a new stake in shares of Jabil during the 1st quarter worth $214,000. Finally, QRG Capital Management Inc. raised its stake in shares of Jabil by 2.3% during the 1st quarter. QRG Capital Management Inc. now owns 5,978 shares of the technology company's stock worth $813,000 after purchasing an additional 132 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Andrew Priestley sold 13,913 shares of Jabil stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the completion of the transaction, the executive vice president owned 53,528 shares of the company's stock, valued at $10,875,283.76. The trade was a 20.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven D. Borges sold 22,443 shares of Jabil 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 transaction, the executive vice president directly owned 102,803 shares of the company's stock, 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. Over the last ninety days, insiders have sold 332,847 shares of company stock worth $66,534,847. 1.73% of the stock is owned by corporate insiders.

Jabil Trading Down 0.9%

Shares of Jabil stock opened at $204.2730 on Thursday. Jabil, Inc. has a 52-week low of $99.67 and a 52-week high of $232.84. The stock's 50-day simple moving average is $216.19 and its 200 day simple moving average is $173.77. The stock has a market capitalization of $21.92 billion, a P/E ratio of 39.66, a P/E/G ratio of 1.44 and a beta of 1.20. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data 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 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 quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business posted $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, research analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be issued a dividend of $0.08 per share. This represents a yield of 14.0%. The ex-dividend date of this dividend is Friday, August 15th. Jabil's payout ratio is presently 6.21%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Bank of America lifted their target price on Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. JPMorgan Chase & Co. lifted their target price on Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. The Goldman Sachs Group lifted their target price on Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. UBS Group boosted their price objective on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $230.00 price objective (up from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Jabil presently has an average rating of "Buy" and a consensus price target of $231.71.

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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