Meiji Yasuda Asset Management Co Ltd. Buys 1,109 Shares of Jabil, Inc. $JBL

Meiji Yasuda Asset Management Co Ltd. grew its stake in Jabil, Inc. (NYSE:JBL) by 48.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,419 shares of the technology company’s stock after acquiring an additional 1,109 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Jabil were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of JBL. Groupe la Francaise grew its stake 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 buying an additional 64 shares during the last quarter. Keeley Teton Advisors LLC boosted its holdings in shares of Jabil by 0.3% during the first quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company’s stock worth $3,456,000 after acquiring an additional 64 shares during the period. Cordatus Wealth Management LLC boosted its holdings in shares of Jabil by 2.9% during the first quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company’s stock worth $330,000 after acquiring an additional 68 shares during the period. AlphaCore Capital LLC grew its position in shares of 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 purchasing an additional 76 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its stake in shares of Jabil by 0.3% during the first quarter. UniSuper Management Pty Ltd now owns 30,797 shares of the technology company’s stock worth $4,191,000 after purchasing an additional 81 shares during the period. Institutional investors own 93.39% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Stifel Nicolaus assumed coverage on Jabil in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $245.00 price target for the company. UBS Group lifted their target price on Jabil from $157.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, June 18th. Raymond James Financial restated a “strong-buy” rating and issued a $230.00 price target (up from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. JPMorgan Chase & Co. raised their price target on shares of Jabil from $214.00 to $256.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, Argus raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Wednesday, June 18th. One 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $231.71.

Jabil Stock Performance

JBL opened at $215.87 on Thursday. 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, Inc. has a 52-week low of $99.67 and a 52-week high of $232.84. The firm has a market cap of $23.17 billion, a P/E ratio of 41.92, a price-to-earnings-growth ratio of 1.22 and a beta of 1.25. The business’s fifty day moving average is $217.09 and its 200-day moving average is $178.06.

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, topping the consensus estimate of $2.28 by $0.27. The business had revenue of $7.83 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior 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. Sell-side analysts expect that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, August 15th. Jabil’s dividend payout ratio (DPR) is 6.21%.

Insider Activity

In related news, EVP Frederic E. Mccoy sold 4,500 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total transaction of $1,005,975.00. Following the completion of the sale, the executive vice president directly owned 124,203 shares in the company, valued at $27,765,580.65. This represents a 3.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew Priestley sold 3,702 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $225.00, for a total value of $832,950.00. Following the completion of the sale, the executive vice president directly owned 44,833 shares in the company, valued at $10,087,425. This trade represents a 7.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 332,847 shares of company stock valued at $67,200,247. Corporate 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).