United Services Automobile Association Makes New Investment in Jabil, Inc. $JBL

United Services Automobile Association purchased a new position in shares of Jabil, Inc. (NYSE:JBL) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,326 shares of the technology company’s stock, valued at approximately $316,000.

Other hedge funds also recently modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new stake in shares of Jabil during the first quarter worth approximately $27,000. Harbor Capital Advisors Inc. boosted its stake in Jabil by 110.5% in the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock valued at $30,000 after acquiring an additional 116 shares during the last quarter. Groupe la Francaise boosted its position in shares of Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after purchasing an additional 64 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company’s stock worth $37,000 after purchasing an additional 264 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Jabil during the first quarter worth $52,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on JBL shares. Argus upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Wednesday, June 18th. Wall Street Zen lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Stifel Nicolaus started coverage on shares of Jabil in a report on Wednesday, July 2nd. They set a “buy” rating and a $245.00 target price for the company. Raymond James Financial reaffirmed a “strong-buy” rating and set a $230.00 target price (up previously from $170.00) on shares of Jabil in a report on Wednesday, June 18th. Finally, The Goldman Sachs Group boosted their price objective on shares of Jabil from $188.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $231.71.

Insider Activity at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $200.02, for a total transaction of $4,000,400.00. Following the completion of the sale, the chairman directly owned 1,400,190 shares in the company, valued at $280,066,003.80. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Frederic E. Mccoy sold 4,500 shares of the 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 sale, the executive vice president owned 124,203 shares of the company’s stock, valued at approximately $27,765,580.65. This trade represents a 3.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 332,847 shares of company stock valued at $67,200,247 over the last 90 days. 1.73% of the stock is owned by company insiders.

Jabil Price Performance

JBL stock opened at $214.22 on Friday. The company has a 50 day simple moving average of $216.68 and a 200 day simple moving average of $178.83. The stock has a market cap of $22.99 billion, a price-to-earnings ratio of 41.60, a P/E/G ratio of 1.25 and a beta of 1.25. Jabil, Inc. has a 1 year low of $103.82 and a 1 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.

Jabil (NYSE:JBL) last released its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the prior year, the company earned $1.89 EPS. The firm’s quarterly 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. Research analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, August 15th. Jabil’s dividend payout ratio is 6.21%.

Jabil Company 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).