Convergence Investment Partners LLC lessened its position in Jabil, Inc. (NYSE:JBL – Free Report) by 28.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,558 shares of the technology company’s stock after selling 6,528 shares during the quarter. Convergence Investment Partners LLC’s holdings in Jabil were worth $4,398,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JSF Financial LLC acquired a new stake in shares of Jabil in the first quarter worth $1,273,000. Commerzbank Aktiengesellschaft FI acquired a new position in Jabil during the first quarter valued at $931,000. Earned Wealth Advisors LLC acquired a new position in Jabil during the first quarter valued at $215,000. Parallel Advisors LLC lifted its stake in Jabil by 3.2% in the 1st quarter. Parallel Advisors LLC now owns 4,096 shares of the technology company’s stock worth $1,088,000 after acquiring an additional 126 shares in the last quarter. Finally, SEB Asset Management AB purchased a new stake in Jabil in the 1st quarter worth about $11,650,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Jabil news, EVP Matthew Crowley sold 94 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $345.00, for a total transaction of $32,430.00. Following the transaction, the executive vice president directly owned 57,536 shares of the company’s stock, valued at $19,849,920. This represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Gary K. Schick sold 1,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $340.00, for a total value of $340,000.00. Following the transaction, the senior vice president owned 39,843 shares in the company, valued at approximately $13,546,620. This trade represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.35% of the company’s stock.
Jabil Price Performance
Jabil (NYSE:JBL – Get Free Report) last posted its earnings results on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.10 by $0.06. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The company had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the previous year, the firm posted $2.55 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. As a group, research analysts expect that Jabil, Inc. will post 11.71 EPS for the current fiscal year.
Jabil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be issued a $0.08 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s dividend payout ratio is currently 4.00%.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. Robert W. Baird upped their target price on Jabil from $355.00 to $440.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Raymond James Financial raised their price target on shares of Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a report on Thursday, June 18th. Weiss Ratings raised shares of Jabil from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Bank of America reiterated a “buy” rating and issued a $470.00 price objective on shares of Jabil in a research note on Thursday, June 18th. Finally, Zacks Research upgraded shares of Jabil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $453.67.
Check Out Our Latest Research Report on Jabil
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.
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