Jabil, Inc. $JBL Stock Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in Jabil, Inc. (NYSE:JBL) by 19.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 24,007 shares of the technology company’s stock after selling 5,745 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Jabil were worth $6,887,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Western Wealth Management LLC purchased a new position in Jabil during the 1st quarter valued at approximately $1,333,000. Deutsche Bank AG bought a new stake in Jabil in the 2nd quarter worth approximately $207,874,000. Assenagon Asset Management S.A. increased its stake in Jabil by 844.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 741,680 shares of the technology company’s stock worth $212,758,000 after acquiring an additional 663,178 shares during the last quarter. Mizuho Markets Americas LLC purchased a new stake in shares of Jabil during the 1st quarter worth approximately $14,610,000. Finally, Royal Bank of Canada raised its holdings in shares of Jabil by 3.1% during the 1st quarter. Royal Bank of Canada now owns 159,761 shares of the technology company’s stock worth $42,436,000 after acquiring an additional 4,747 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Trading Down 5.0%

JBL opened at $266.94 on Friday. The firm has a market cap of $27.97 billion, a P/E ratio of 27.29, a P/E/G ratio of 0.84 and a beta of 1.30. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 1.78. The stock has a 50-day moving average of $306.29 and a 200 day moving average of $329.11.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.35. Jabil had a return on equity of 89.50% and a net margin of 2.90%. The company had revenue of $10.62 billion for the quarter, compared to analysts’ expectations of $9.69 billion. During the same period in the previous year, the firm posted $3.29 earnings per share. The firm’s revenue for the quarter was up 28.6% on a year-over-year basis. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. As a group, research analysts forecast that Jabil, Inc. will post 16.53 EPS for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Monday, November 16th will be issued a $0.08 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s payout ratio is 3.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Jabil from $425.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, October 1st. The Goldman Sachs Group reduced their price target on shares of Jabil from $482.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, September 8th. Zacks Research upgraded shares of Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Argus reaffirmed a “buy” rating and set a $475.00 price target on shares of Jabil in a research note on Thursday, October 1st. Finally, Barclays lowered their price objective on shares of Jabil from $426.00 to $378.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat, Jabil has an average rating of “Buy” and a consensus price target of $434.22.

Insider Buying and Selling at Jabil

In other news, SVP Gary Schick sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $277.16, for a total transaction of $277,160.00. Following the transaction, the senior vice president owned 37,314 shares of the company’s stock, valued at approximately $10,341,948.24. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.35% of the company’s stock.

About Jabil

Jabil Inc is a global manufacturing services company that helps leading brands design, produce and manage the supply chains for a wide range of products. Its services include product design and engineering, electronics and mechanical manufacturing, assembly, testing, packaging, supply chain management and aftermarket services.

The company serves customers across several industries, including cloud and data center infrastructure, automotive, healthcare, mobility, consumer products, industrial technology and packaging.