Vident Advisory LLC Purchases 1,373 Shares of Jabil, Inc. $JBL

Key Points

• Vident Advisory LLC increased its stake in Jabil, Inc. by 24.6%, purchasing an additional 1,373 shares during the first quarter, bringing their total holdings to 6,946 shares valued at $945,000.
• Several large investors, including Wellington Management and JPMorgan Chase, have also increased their holdings in Jabil, contributing to a total of 93.39% of the stock owned by institutional investors.
• Jabil recently reported quarterly earnings of $2.55 per share, which exceeded analyst expectations, with revenues reaching $7.83 billion, up 15.7% year-over-year.

Vident Advisory LLC increased its position in Jabil, Inc. (NYSE:JBL - Free Report) by 24.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,946 shares of the technology company's stock after purchasing an additional 1,373 shares during the period. Vident Advisory LLC's holdings in Jabil were worth $945,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of Jabil by 12.9% in the 1st quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company's stock worth $892,096,000 after purchasing an additional 747,423 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Jabil by 15.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,173,095 shares of the technology company's stock worth $295,693,000 after purchasing an additional 295,496 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Jabil by 8.3% in the 1st quarter. Northern Trust Corp now owns 1,384,364 shares of the technology company's stock worth $188,370,000 after purchasing an additional 105,632 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Jabil by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,118,282 shares of the technology company's stock worth $152,165,000 after purchasing an additional 37,201 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Jabil by 1,007.6% in the 4th quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock worth $138,954,000 after purchasing an additional 878,444 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on JBL. UBS Group raised 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. Zacks Research lowered Jabil from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. raised their target price on Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Barclays raised their target price on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Finally, Bank of America raised their target price on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Jabil has a consensus rating of "Moderate Buy" and an average price target of $231.71.

Jabil Trading Up 2.3%

Shares of JBL opened at $207.83 on Friday. The business has a 50-day moving average of $217.69 and a 200 day moving average of $176.84. Jabil, Inc. has a fifty-two week low of $99.67 and a fifty-two week high of $232.84. The firm has a market cap of $22.30 billion, a P/E ratio of 40.36, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25. 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 for the quarter, topping the consensus estimate of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%.The company had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter last year, the firm posted $1.89 EPS. The firm's revenue for the quarter was up 15.7% on a year-over-year basis. 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 forecast that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th were paid a $0.08 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.2%. Jabil's dividend payout ratio (DPR) is currently 6.21%.

Insiders Place Their Bets

In other Jabil news, Chairman Mark T. Mondello sold 150,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $193.33, for a total value of $28,999,500.00. Following the completion of the transaction, the chairman owned 1,560,192 shares in the company, valued at $301,631,919.36. This trade represents a 8.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven A. Raymund sold 15,955 shares of Jabil stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $216.83, for a total value of $3,459,522.65. Following the sale, the director owned 99,828 shares of the company's stock, valued at approximately $21,645,705.24. This trade represents a 13.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 332,847 shares of company stock worth $67,200,247 over the last quarter. Insiders own 1.73% of the company's stock.

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).

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