Smith Group Asset Management LLC Increases Stock Position in Jabil, Inc. $JBL

Smith Group Asset Management LLC boosted its position in shares of Jabil, Inc. (NYSE:JBL) by 4,799.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,635 shares of the technology company’s stock after purchasing an additional 161,275 shares during the period. Jabil makes up 2.2% of Smith Group Asset Management LLC’s portfolio, making the stock its 19th biggest position. Smith Group Asset Management LLC’s holdings in Jabil were worth $43,732,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBL. Empirical Finance LLC lifted its holdings in Jabil by 0.6% in the 1st quarter. Empirical Finance LLC now owns 5,405 shares of the technology company’s stock worth $1,436,000 after buying an additional 31 shares in the last quarter. Assetmark Inc. grew its stake in shares of Jabil by 10.6% during the first quarter. Assetmark Inc. now owns 344 shares of the technology company’s stock valued at $91,000 after acquiring an additional 33 shares in the last quarter. PenderFund Capital Management Ltd. increased its position in shares of Jabil by 3.3% during the fourth quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company’s stock worth $287,000 after acquiring an additional 40 shares during the last quarter. Root Financial Partners LLC increased its position in shares of Jabil by 11.1% during the first quarter. Root Financial Partners LLC now owns 432 shares of the technology company’s stock worth $115,000 after acquiring an additional 43 shares during the last quarter. Finally, Cidel Asset Management Inc. lifted its stake in shares of Jabil by 4.8% in the first quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company’s stock worth $263,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on JBL shares. Raymond James Financial raised their price objective on Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a research note on Thursday, June 18th. Wall Street Zen cut Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Stifel Nicolaus set a $460.00 price target on shares of Jabil and gave the stock a “buy” rating in a research report on Thursday, June 18th. Barclays lifted their price target on shares of Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a research note on Thursday, June 18th. Finally, UBS Group upped their price target on shares of Jabil from $380.00 to $430.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $453.67.

Insider Buying and Selling at Jabil

In other Jabil news, SVP Gary K. Schick sold 1,000 shares of Jabil stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $340.00, for a total value of $340,000.00. Following the completion of the transaction, the senior vice president owned 39,843 shares of the company’s stock, valued at $13,546,620. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction on Monday, July 6th. The stock was sold at an average price of $345.00, for a total transaction of $32,430.00. Following the completion of the transaction, the executive vice president directly owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. This represents a 0.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.35% of the company’s stock.

Jabil Stock Down 2.7%

Shares of Jabil stock opened at $303.20 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 2.17. The firm has a market cap of $31.77 billion, a P/E ratio of 37.85, a P/E/G ratio of 0.93 and a beta of 1.28. Jabil, Inc. has a fifty-two week low of $189.60 and a fifty-two week high of $428.93. The business has a 50-day moving average price of $351.01 and a 200 day moving average price of $303.98.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.06. The company had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $8.61 billion. Jabil had a return on equity of 83.93% and a net margin of 2.57%.Jabil’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.55 EPS. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. On average, sell-side analysts forecast that Jabil, Inc. will post 11.71 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th. Jabil’s dividend payout ratio is currently 4.00%.

About Jabil

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.