Illinois Municipal Retirement Fund Has $3.81 Million Stock Position in Jabil, Inc. $JBL

Illinois Municipal Retirement Fund reduced its stake in shares of Jabil, Inc. (NYSE:JBL) by 24.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 17,484 shares of the technology company’s stock after selling 5,702 shares during the period. Illinois Municipal Retirement Fund’s holdings in Jabil were worth $3,813,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. GFG Capital LLC purchased a new stake in Jabil in the 2nd quarter valued at $26,000. Groupe la Francaise grew its stake in shares of Jabil by 35.2% in the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after acquiring an additional 64 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Jabil by 45.8% in the second quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock valued at $34,000 after purchasing an additional 49 shares during the last quarter. Westside Investment Management Inc. lifted its position in shares of Jabil by 757.1% during the second quarter. Westside Investment Management Inc. now owns 180 shares of the technology company’s stock valued at $39,000 after purchasing an additional 159 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Jabil by 45.4% during the second quarter. Hantz Financial Services Inc. now owns 189 shares of the technology company’s stock worth $41,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Activity

In other Jabil news, EVP Kristine Melachrino sold 6,579 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $213.40, for a total transaction of $1,403,958.60. Following the completion of the sale, the executive vice president owned 33,718 shares of the company’s stock, valued at $7,195,421.20. This represents a 16.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gregory B. Hebard sold 6,086 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $213.54, for a total transaction of $1,299,604.44. Following the transaction, the chief financial officer directly owned 58,526 shares of the company’s stock, valued at approximately $12,497,642.04. This trade represents a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 131,762 shares of company stock valued at $27,886,321. Company insiders own 1.73% of the company’s stock.

Jabil Trading Up 1.3%

NYSE JBL opened at $213.88 on Thursday. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 1.57. The stock’s 50-day simple moving average is $212.52 and its two-hundred day simple moving average is $202.07. Jabil, Inc. has a twelve month low of $108.66 and a twelve month high of $237.14. The company has a market capitalization of $22.85 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 1.58 and a beta of 1.26.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, September 25th. The technology company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.93). The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $7.63 billion. Jabil had a net margin of 2.20% and a return on equity of 68.63%. Jabil’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.30 earnings per share. Jabil has set its Q1 2026 guidance at 2.470-2.870 EPS. FY 2026 guidance at 11.000-11.000 EPS. Research analysts forecast that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, November 17th. Jabil’s dividend payout ratio is presently 5.37%.

Analysts Set New Price Targets

JBL has been the subject of several analyst reports. Bank of America increased their price objective on shares of Jabil from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jabil in a report on Tuesday, October 14th. Raymond James Financial set a $260.00 price objective on Jabil in a research note on Thursday, September 25th. UBS Group set a $241.00 target price on Jabil in a research note on Sunday, September 28th. Finally, Wall Street Zen upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $248.43.

Jabil Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).