Dynamic Technology Lab Private Ltd Buys New Stake in Jabil, Inc. $JBL

Dynamic Technology Lab Private Ltd bought a new stake in Jabil, Inc. (NYSE:JBL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,399 shares of the technology company’s stock, valued at approximately $599,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Groupe la Francaise increased its stake in Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after acquiring an additional 64 shares during the period. Keeley Teton Advisors LLC increased its stake in Jabil by 0.3% in the first quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company’s stock valued at $3,456,000 after acquiring an additional 64 shares during the period. Cordatus Wealth Management LLC increased its stake in Jabil by 2.9% in the first quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company’s stock valued at $330,000 after acquiring an additional 68 shares during the period. AlphaCore Capital LLC increased its stake in Jabil by 2.4% in the first quarter. AlphaCore Capital LLC now owns 3,206 shares of the technology company’s stock valued at $436,000 after acquiring an additional 76 shares during the period. Finally, UniSuper Management Pty Ltd increased its stake in Jabil by 0.3% in the first quarter. UniSuper Management Pty Ltd now owns 30,797 shares of the technology company’s stock valued at $4,191,000 after acquiring an additional 81 shares during the period. Institutional investors own 93.39% of the company’s stock.

Insider Transactions at Jabil

In other Jabil news, Director Steven A. Raymund sold 15,955 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark T. Mondello sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $193.33, for a total transaction of $28,999,500.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 332,847 shares of company stock valued at $67,200,247. 1.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on JBL. Barclays upped their price objective on shares of Jabil from $206.00 to $223.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 17th. UBS Group upped their price objective on shares of Jabil from $157.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 18th. Stifel Nicolaus began coverage on shares of Jabil in a research note on Wednesday, July 2nd. They set a “buy” rating and a $245.00 price objective on the stock. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Finally, Bank of America upped their price objective on shares of Jabil from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $231.71.

Jabil Price Performance

JBL opened at $209.28 on Wednesday. Jabil, Inc. has a one year low of $99.67 and a one year high of $232.84. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64. The company’s 50 day simple moving average is $217.22 and its 200-day simple moving average is $177.80. The stock has a market capitalization of $22.46 billion, a P/E ratio of 40.64, a price-to-earnings-growth ratio of 1.22 and a beta of 1.25.

Jabil (NYSE:JBL) last released its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.28 by $0.27. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The business had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. Jabil’s revenue was up 15.7% compared to the same quarter last year. Jabil has set its FY 2025 guidance at 9.330-9.330 EPS. Q4 2025 guidance at 2.640-3.040 EPS. Sell-side analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 15th. Jabil’s dividend payout ratio is 6.21%.

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).