Federation des caisses Desjardins du Quebec Raises Position in Jabil, Inc. $JBL

Federation des caisses Desjardins du Quebec grew its position in Jabil, Inc. (NYSE:JBL) by 166.9% during the 1st quarter, Holdings Channel reports. The fund owned 28,522 shares of the technology company’s stock after buying an additional 17,836 shares during the quarter. Federation des caisses Desjardins du Quebec’s holdings in Jabil were worth $3,881,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Maverick Capital Ltd. boosted its holdings in shares of Jabil by 4.5% in the first quarter. Maverick Capital Ltd. now owns 14,993 shares of the technology company’s stock valued at $2,040,000 after acquiring an additional 645 shares in the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Jabil in the first quarter valued at about $309,000. Graham Capital Management L.P. lifted its stake in shares of Jabil by 38.4% in the first quarter. Graham Capital Management L.P. now owns 8,940 shares of the technology company’s stock valued at $1,216,000 after purchasing an additional 2,481 shares during the period. Quarry LP lifted its stake in shares of Jabil by 354.6% in the first quarter. Quarry LP now owns 4,751 shares of the technology company’s stock valued at $646,000 after purchasing an additional 3,706 shares during the period. Finally, Nomura Holdings Inc. lifted its stake in shares of Jabil by 63.9% in the first quarter. Nomura Holdings Inc. now owns 6,099 shares of the technology company’s stock valued at $830,000 after purchasing an additional 2,377 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Stock Performance

Shares of JBL opened at $207.83 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. The stock has a market cap of $22.30 billion, a P/E ratio of 40.36, a PEG ratio of 1.18 and a beta of 1.25. The company has a 50-day moving average of $217.69 and a two-hundred day moving average of $176.84. Jabil, Inc. has a 12-month low of $99.67 and a 12-month high of $232.84.

Jabil (NYSE:JBL) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The company’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.89 earnings per share. 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 predict that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Jabil from $188.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, June 18th. JPMorgan Chase & Co. raised their price objective on shares of Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Bank of America raised their price objective on shares of Jabil from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, June 20th. UBS Group raised their price objective on shares of 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 set a $230.00 target price (up previously from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.71.

Insiders Place Their Bets

In other news, EVP Steven D. Borges sold 22,443 shares of the business’s stock in a transaction that occurred on 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 owned 102,803 shares of the company’s stock, valued at $20,561,628.03. The trade was a 17.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Dastoor sold 18,234 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $191.66, for a total transaction of $3,494,728.44. Following the completion of the transaction, the chief executive officer directly owned 203,459 shares of the company’s stock, valued at approximately $38,994,951.94. This represents a 8.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 332,847 shares of company stock valued at $67,200,247. 1.73% of the stock is currently owned by insiders.

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).