Jabil, Inc. $JBL Stock: Sterling Capital Management LLC Decreases Stake

Sterling Capital Management LLC trimmed its position in shares of Jabil, Inc. (NYSE:JBL) by 55.1% during the third quarter, Holdings Channel.com reports. The firm owned 2,430 shares of the technology company’s stock after selling 2,982 shares during the period. Sterling Capital Management LLC’s holdings in Jabil were worth $697,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Empirical Finance LLC grew its position in Jabil by 0.6% in the 1st quarter. Empirical Finance LLC now owns 5,405 shares of the technology company’s stock valued at $1,436,000 after purchasing an additional 31 shares during the period. Assetmark Inc. raised its holdings in Jabil by 10.6% during the first quarter. Assetmark Inc. now owns 344 shares of the technology company’s stock worth $91,000 after buying an additional 33 shares during the last quarter. Root Financial Partners LLC raised its holdings in 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 buying an additional 43 shares during the last quarter. Groupe la Francaise raised its holdings in Jabil by 6.4% during the second quarter. Groupe la Francaise now owns 795 shares of the technology company’s stock worth $307,000 after buying an additional 48 shares during the last quarter. Finally, Trustmark Bank Trust Department lifted its stake in shares of Jabil by 0.7% in the second quarter. Trustmark Bank Trust Department now owns 7,123 shares of the technology company’s stock valued at $2,746,000 after buying an additional 49 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Gary Schick sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $277.16, for a total value of $277,160.00. Following the transaction, the senior vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.35% of the stock is currently owned by corporate insiders.

Jabil Stock Up 3.0%

JBL stock opened at $283.88 on Wednesday. The business has a 50 day moving average of $302.08 and a 200-day moving average of $305.88. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, September 30th. The technology company reported $4.40 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.35. The business had revenue of $10.62 billion for the quarter, compared to analysts’ expectations of $9.69 billion. The business’s revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.29 earnings per share. 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, analysts expect that Jabil, Inc. will post 16.53 EPS for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders 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.

Analyst Ratings Changes

A number of research analysts have recently issued reports on JBL shares. JPMorgan Chase & Co. lifted their price objective on shares of Jabil from $425.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, October 1st. Weiss Ratings lowered 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 on shares of Jabil in a report on Thursday, October 8th. Zacks Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Finally, Barclays cut their price target on Jabil from $426.00 to $378.00 and set an “overweight” rating for the company in a research note on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $434.22.

Jabil Profile

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.