Glenview Trust Co bought a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund bought 2,200 shares of the technology company’s stock, valued at approximately $848,000.
A number of other institutional investors and hedge funds have also made changes to their positions in JBL. Todd Asset Management LLC lifted its position in shares of Jabil by 1.9% in the 4th quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock worth $76,696,000 after buying an additional 6,179 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Jabil in the fourth quarter worth about $7,061,000. Jackson Creek Investment Advisors LLC boosted its stake in Jabil by 386.2% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 11,290 shares of the technology company’s stock valued at $2,574,000 after acquiring an additional 8,968 shares during the period. Western Wealth Management LLC bought a new position in shares of Jabil during the first quarter valued at approximately $1,333,000. Finally, Allstate Corp raised its position in shares of Jabil by 98.0% during the 4th quarter. Allstate Corp now owns 7,959 shares of the technology company’s stock worth $1,815,000 after purchasing an additional 3,939 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on JBL. Raymond James Financial raised their target price on Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a research note on Thursday, June 18th. Barclays boosted their target price on shares of Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Weiss Ratings lowered shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. UBS Group upgraded Jabil from a “neutral” rating to a “buy” rating and set a $430.00 price objective for the company in a research report on Tuesday, August 11th. Finally, The Goldman Sachs Group raised their target price on Jabil from $384.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $453.67.
Jabil Price Performance
Shares of Jabil stock opened at $301.69 on Friday. Jabil, Inc. has a 52 week low of $189.60 and a 52 week high of $428.93. 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’s 50-day moving average price is $333.51 and its two-hundred day moving average price is $317.61. The stock has a market cap of $31.61 billion, a PE ratio of 37.66, a price-to-earnings-growth ratio of 0.93 and a beta of 1.30.
Jabil (NYSE:JBL – Get Free Report) last released its earnings results on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.06. The business had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $8.61 billion. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.55 EPS. 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, sell-side analysts anticipate that Jabil, Inc. will post 11.71 EPS for the current fiscal year.
Jabil Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s payout ratio is 4.00%.
Insider Activity at Jabil
In related news, EVP Matthew Crowley sold 94 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $345.00, for a total value of $32,430.00. Following the completion of the transaction, the executive vice president owned 57,536 shares in the company, valued at $19,849,920. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.35% of the stock is currently owned by corporate 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.
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