Pinnbrook Capital Management LP acquired a new position in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the second quarter, HoldingsChannel.com reports. The firm acquired 58,867 shares of the technology company’s stock, valued at approximately $22,692,000. Jabil accounts for 2.4% of Pinnbrook Capital Management LP’s investment portfolio, making the stock its 9th biggest holding.
Several other large investors also recently modified their holdings of the stock. Empirical Finance LLC lifted its stake in shares of Jabil by 0.6% during the 1st quarter. Empirical Finance LLC now owns 5,405 shares of the technology company’s stock worth $1,436,000 after buying an additional 31 shares during the last quarter. Assetmark Inc. raised its holdings in Jabil by 10.6% in the 1st quarter. Assetmark Inc. now owns 344 shares of the technology company’s stock valued at $91,000 after acquiring an additional 33 shares during the period. PenderFund Capital Management Ltd. lifted its position in Jabil by 3.3% during the fourth quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company’s stock worth $287,000 after acquiring an additional 40 shares during the last quarter. Root Financial Partners LLC lifted its position 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 acquiring an additional 43 shares during the last quarter. Finally, Cidel Asset Management Inc. boosted its holdings in shares of Jabil by 4.8% during the first quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company’s stock worth $263,000 after acquiring an additional 45 shares during the period. 93.39% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts recently weighed in on JBL shares. The Goldman Sachs Group lifted their price target on Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. lifted their target price on Jabil from $395.00 to $450.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Robert W. Baird upped their price target on shares of Jabil from $355.00 to $440.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Finally, Bank of America reaffirmed a “buy” rating and set a $470.00 target price on shares of Jabil in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $453.67.
Jabil Stock Performance
Shares of Jabil stock opened at $312.91 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17. The company has a market cap of $32.79 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 0.94 and a beta of 1.30. The company has a 50 day moving average of $340.28 and a 200-day moving average of $315.41. Jabil, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93.
Jabil (NYSE:JBL – Get Free Report) last announced its quarterly earnings data on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, beating 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 business 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 business earned $2.55 earnings per share. The company’s 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. As a group, equities research analysts forecast that Jabil, Inc. will post 11.71 earnings per share 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 given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, August 14th. Jabil’s dividend payout ratio is currently 4.00%.
Insiders Place Their Bets
In other Jabil news, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction dated Monday, July 6th. The stock was 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 in the company, valued at $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.35% of the stock is owned by company insiders.
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.
Recommended Stories
- Five stocks we like better than Jabil
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil, Inc. (NYSE:JBL – Free Report).
Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.
