Great Lakes Advisors LLC purchased a new stake in Jabil, Inc. (NYSE:JBL – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund purchased 3,454 shares of the technology company’s stock, valued at approximately $1,332,000.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. Bell Investment Advisors Inc acquired a new stake in shares of Jabil in the second quarter valued at about $35,000. Persistent Asset Partners Ltd purchased a new stake in shares of Jabil during the 2nd quarter valued at about $45,000. Greenline Wealth Management LLC acquired a new position in Jabil during the 4th quarter worth approximately $28,000. Virtus Advisers LLC acquired a new position in Jabil during the 4th quarter worth approximately $32,000. Finally, DV Equities LLC purchased a new position in Jabil in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on JBL shares. Bank of America reaffirmed a “buy” rating and issued a $470.00 price objective on shares of Jabil in a research report on Thursday, June 18th. Raymond James Financial boosted their target price on shares of Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a research report on Thursday, June 18th. The Goldman Sachs Group upped their target price on shares of Jabil from $384.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Argus set a $475.00 price target on shares of Jabil in a report on Thursday, June 18th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $453.67.
Jabil Price Performance
Shares of NYSE JBL opened at $312.91 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 2.17. 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 $340.28 and a two-hundred day moving average price of $315.41. The firm has a market cap of $32.79 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 0.94 and a beta of 1.30.
Jabil (NYSE:JBL – Get Free Report) last announced its earnings results on Wednesday, June 17th. The technology company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.06. The company had revenue of $8.75 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company 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. Sell-side analysts expect that Jabil, Inc. will post 11.71 earnings per share for the current fiscal year.
Jabil Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio is currently 4.00%.
Insider Transactions at Jabil
In other Jabil news, EVP Matthew Crowley sold 94 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $345.00, for a total transaction of $32,430.00. Following the transaction, the executive vice president directly owned 57,536 shares in the company, valued at $19,849,920. This represents a 0.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.35% of the stock is owned by corporate insiders.
Jabil Company Profile
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.
Recommended Stories
- Five stocks we like better than Jabil
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil, Inc. (NYSE:JBL – Free Report).
Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.
