Glenmede Trust Co. NA Sells 71,812 Shares of Jabil, Inc. $JBL

Glenmede Trust Co. NA cut its holdings in Jabil, Inc. (NYSE:JBL) by 44.6% during the first quarter, HoldingsChannel reports. The firm owned 89,124 shares of the technology company’s stock after selling 71,812 shares during the period. Glenmede Trust Co. NA’s holdings in Jabil were worth $23,674,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of JBL. Norges Bank acquired a new position in Jabil in the 4th quarter valued at approximately $407,299,000. JPMorgan Chase & Co. boosted its position in shares of Jabil by 45.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock valued at $429,714,000 after acquiring an additional 591,364 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Jabil during the 4th quarter valued at about $121,710,000. M&T Bank Corp increased its stake in Jabil by 2,833.4% in the fourth quarter. M&T Bank Corp now owns 348,987 shares of the technology company’s stock valued at $79,576,000 after acquiring an additional 337,090 shares during the period. Finally, Amundi increased its stake in Jabil by 55.3% in the third quarter. Amundi now owns 704,246 shares of the technology company’s stock valued at $142,399,000 after acquiring an additional 250,626 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jabil

In other news, EVP Matthew Crowley sold 94 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the transaction, the executive vice president owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. This trade represents a 0.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JBL. Robert W. Baird raised their price target on shares of Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Stifel Nicolaus set a $460.00 price objective on Jabil and gave the company a “buy” rating in a research note on Thursday, June 18th. Zacks Research raised Jabil from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. The Goldman Sachs Group raised their target price on Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, JPMorgan Chase & Co. boosted their price target on Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $453.67.

Jabil Stock Up 1.9%

NYSE JBL opened at $314.49 on Friday. The stock has a fifty day moving average of $347.90 and a 200-day moving average of $305.09. The stock has a market capitalization of $32.96 billion, a P/E ratio of 39.26, a price-to-earnings-growth ratio of 0.94 and a beta of 1.28. Jabil, Inc. has a 52 week low of $189.60 and a 52 week high of $428.93. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.66 and a current ratio of 0.98.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, June 17th. The technology company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.06. Jabil had a return on equity of 83.93% and a net margin of 2.57%.The company had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter in the previous year, the company posted $2.55 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. 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, equities research analysts forecast that Jabil, Inc. will post 11.71 EPS for the current year.

Jabil Dividend Announcement

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