Legal & General Group Plc purchased a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 377,839 shares of the technology company’s stock, valued at approximately $145,649,000. Legal & General Group Plc owned 0.36% of Jabil as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in shares of Jabil during the 2nd quarter worth approximately $25,000. Bell Investment Advisors Inc acquired a new position in Jabil during the second quarter worth $35,000. Persistent Asset Partners Ltd bought a new position in Jabil during the 2nd quarter valued at about $45,000. Jones Financial Companies Lllp bought a new position in shares of Jabil in the second quarter valued at approximately $46,000. Finally, Greenline Wealth Management LLC bought a new position in Jabil in the 4th quarter valued at $28,000. Institutional investors own 93.39% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on JBL. UBS Group raised shares of Jabil from a “neutral” rating to a “buy” rating and set a $430.00 target price for the company in a research note on Tuesday, August 11th. Stifel Nicolaus set a $460.00 price objective on shares of Jabil and gave the stock a “buy” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. increased their price objective on Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Zacks Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Raymond James Financial raised their price target on Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a report on Thursday, June 18th. One investment 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. According to MarketBeat, Jabil currently has a consensus rating of “Buy” and a consensus price target of $453.67.
Insider Transactions at Jabil
In other Jabil news, EVP Matthew Crowley sold 94 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the completion of the sale, the executive vice president owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.35% of the company’s stock.
Jabil Stock Performance
Shares of Jabil stock opened at $312.60 on Friday. 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, Inc. has a 52 week low of $189.60 and a 52 week high of $428.93. The firm has a fifty day moving average of $334.90 and a two-hundred day moving average of $317.72. The stock has a market capitalization of $32.76 billion, a price-to-earnings ratio of 39.03, a PEG ratio of 0.93 and a beta of 1.30.
Jabil (NYSE:JBL – Get Free Report) last released its quarterly earnings data on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, beating 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 business had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter in the prior year, the company posted $2.55 earnings per share. The firm’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 predict that Jabil, Inc. will post 11.71 EPS for the current year.
Jabil Announces Dividend
The company 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 dividend of $0.08 per share. 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 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.
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