Concentric Capital Strategies LP Purchases New Shares in Jabil, Inc. $JBL

Concentric Capital Strategies LP purchased 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 SEC. The firm purchased 27,842 shares of the technology company’s stock, valued at approximately $3,788,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV purchased a new position in Jabil in the 1st quarter valued at $27,000. Harbor Capital Advisors Inc. lifted its holdings in Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock valued at $30,000 after purchasing an additional 116 shares in the last quarter. Groupe la Francaise lifted its holdings in Jabil by 35.2% in the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after purchasing an additional 64 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in Jabil by 2,400.0% in the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company’s stock valued at $37,000 after purchasing an additional 264 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Jabil in the 1st quarter valued at $52,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on JBL shares. Stifel Nicolaus initiated coverage on Jabil in a report on Wednesday, July 2nd. They issued a “buy” rating and a $245.00 price objective on the stock. Bank of America lifted their price target on Jabil from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, June 20th. Raymond James Financial reiterated a “strong-buy” rating and set a $230.00 price target (up previously from $170.00) on shares of Jabil in a report on Wednesday, June 18th. Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $231.71.

Jabil Stock Up 0.5%

Shares of JBL opened at $203.00 on Thursday. The firm has a market cap of $21.79 billion, a P/E ratio of 39.42, a price-to-earnings-growth ratio of 1.19 and a beta of 1.25. Jabil, Inc. has a 12-month low of $99.67 and a 12-month high of $232.84. The company’s 50-day moving average price is $217.84 and its 200 day moving average price is $176.58. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. The firm had revenue of $7.83 billion for 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%. Jabil’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $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. On average, sell-side analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

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

Insider Transactions at Jabil

In other Jabil news, EVP Andrew Priestley sold 3,702 shares of Jabil stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $225.00, for a total value of $832,950.00. Following the completion of the transaction, the executive vice president directly owned 44,833 shares of the company’s stock, valued at $10,087,425. The trade was a 7.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $219.20, for a total value of $4,384,000.00. Following the completion of the transaction, the chairman directly owned 1,420,190 shares of the company’s stock, valued at approximately $311,305,648. This represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 312,847 shares of company stock worth $63,199,847 in the last 90 days. 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).