WBI Investments LLC Invests $1.60 Million in Jabil, Inc. $JBL

Key Points

• WBI Investments LLC purchased a new stake of 7,383 shares in Jabil during Q3, valued at approximately $1.603 million.
• Other large institutions significantly increased positions—Norges Bank opened a ~$323.3 million stake and firms like Arrowstreet, Boston Partners, Robeco and Allianz added hundreds of millions more—leaving 93.39% of Jabil owned by institutional investors.
• Jabil recently beat earnings and revenue estimates (EPS $2.69 vs. $2.56; revenue $8.28B vs. $7.75B), has a market cap near $27.7 billion, and holds a consensus analyst rating of "Moderate Buy" with a $270.50 target.

WBI Investments LLC purchased a new stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,383 shares of the technology company's stock, valued at approximately $1,603,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Jabil during the 2nd quarter valued at about $323,338,000. Arrowstreet Capital Limited Partnership lifted its holdings in Jabil by 1,157.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company's stock worth $315,964,000 after buying an additional 1,339,247 shares during the period. Boston Partners lifted its holdings in Jabil by 224.4% in the 2nd quarter. Boston Partners now owns 1,898,681 shares of the technology company's stock worth $414,119,000 after buying an additional 1,313,338 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Jabil by 107.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,319,675 shares of the technology company's stock worth $286,594,000 after buying an additional 682,899 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in shares of Jabil by 180.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 758,326 shares of the technology company's stock worth $164,686,000 after buying an additional 487,595 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Price Performance

JBL opened at $262.61 on Wednesday. The firm has a market cap of $27.73 billion, a PE ratio of 40.84, a P/E/G ratio of 1.64 and a beta of 1.22. The stock has a 50-day moving average price of $250.92 and a 200-day moving average price of $227.39. Jabil, Inc. has a 1 year low of $108.66 and a 1 year high of $281.37. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.99 and a quick ratio of 0.67.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.13. The firm had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $7.75 billion. Jabil had a net margin of 2.26% and a return on equity of 75.96%. Sell-side analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil's dividend payout ratio is 4.98%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on JBL shares. UBS Group raised their price target on Jabil from $244.00 to $254.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 10th. Barclays upped their price objective on shares of Jabil from $267.00 to $283.00 and gave the stock an "overweight" rating in a report on Thursday, December 18th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Jabil in a research report on Thursday, December 18th. Bank of America set a $265.00 target price on shares of Jabil in a research note on Thursday, December 18th. Finally, Robert W. Baird started coverage on shares of Jabil in a research report on Thursday, March 12th. They set an "outperform" rating and a $275.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Jabil presently has an average rating of "Moderate Buy" and a consensus target price of $270.50.

Insider Activity at Jabil

In other Jabil news, EVP Steven D. Borges sold 10,000 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $235.00, for a total value of $2,350,000.00. Following the transaction, the executive vice president owned 90,524 shares of the company's stock, valued at approximately $21,273,140. This represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Adam E. Berry sold 1,596 shares of the firm's stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $253.20, for a total transaction of $404,107.20. Following the completion of the transaction, the senior vice president directly owned 18,920 shares in the company, valued at approximately $4,790,544. The trade was a 7.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 161,529 shares of company stock valued at $37,901,485 over the last quarter. 1.35% of the stock is owned by company 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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