Illinois Municipal Retirement Fund Sells 5,336 Shares of Jabil, Inc. $JBL

Illinois Municipal Retirement Fund lowered its position in shares of Jabil, Inc. (NYSE:JBL) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,758 shares of the technology company’s stock after selling 5,336 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Jabil were worth $10,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Jabil during the second quarter valued at approximately $3,905,704,000. Primecap Management Co. CA bought a new stake in Jabil during the second quarter worth $1,220,861,000. Bank of America Corp DE bought a new stake in Jabil during the second quarter worth $447,882,000. Bank of New York Mellon Corp purchased a new position in Jabil in the second quarter worth $411,079,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Jabil by 8.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 720,472 shares of the technology company’s stock worth $277,728,000 after purchasing an additional 57,506 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analysts Set New Price Targets

JBL has been the subject of a number of recent analyst reports. Argus restated a “buy” rating and issued a $475.00 price objective on shares of Jabil in a research note on Thursday, October 1st. The Goldman Sachs Group lifted their target price on Jabil from $375.00 to $397.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Weiss Ratings downgraded shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. UBS Group restated a “buy” rating and set a $430.00 price target on shares of Jabil in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Jabil from $425.00 to $430.00 and gave the stock an “overweight” rating in a report on Thursday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat, Jabil has an average rating of “Buy” and an average target price of $437.22.

Insider Activity

In other Jabil news, EVP Matthew Crowley sold 3,922 shares of the company’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $290.00, for a total transaction of $1,137,380.00. Following the sale, the executive vice president directly owned 63,410 shares of the company’s stock, valued at $18,388,900. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Gary Schick sold 1,000 shares of the stock in a transaction dated 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 $10,341,948.24. This represents a 2.61% decrease in their position. The SEC filing for this sale provides additional information. 1.35% of the stock is owned by corporate insiders.

Jabil Price Performance

Shares of NYSE JBL opened at $259.13 on Thursday. The stock has a fifty day simple moving average of $291.10 and a two-hundred day simple moving average of $307.05. Jabil, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93. The firm has a market cap of $26.68 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 1.78.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.62 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period in the previous year, the company posted $3.29 earnings per share. The business’s revenue 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. Analysts anticipate that Jabil, Inc. will post 16.53 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Monday, November 16th will be 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 is Monday, November 16th. Jabil’s payout ratio is currently 3.27%.

Jabil Company Profile

Jabil Inc. is a global manufacturing services company that helps businesses design, engineer and produce products. Its services include product development, supply chain management, component sourcing, manufacturing, assembly and after-market support. The company serves customers across a range of industries, including healthcare, automotive, cloud and data center, industrial, aerospace and defense, and consumer markets. Its work spans products such as medical devices, electronic systems, infrastructure equipment and industrial components.