Engineers Gate Manager LP Buys 75,436 Shares of Jabil, Inc. $JBL

Engineers Gate Manager LP lifted its stake in Jabil, Inc. (NYSE:JBL – Free Report) by 162.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,011 shares of the technology company’s stock after purchasing an additional 75,436 shares during the quarter. Jabil accounts for approximately 0.6% of Engineers Gate Manager LP’s holdings, making the stock its 17th biggest position. Engineers Gate Manager LP’s holdings in Jabil were worth $47,033,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new stake in Jabil during the 2nd quarter valued at about $25,000. Greenline Wealth Management LLC purchased a new position in Jabil in the fourth quarter worth about $28,000. Virtus Advisers LLC bought a new position in shares of Jabil in the fourth quarter worth approximately $32,000. DV Equities LLC purchased a new stake in shares of Jabil during the fourth quarter valued at approximately $34,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in shares of Jabil during the fourth quarter valued at approximately $34,000. Institutional investors own 93.39% of the company’s stock.

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Insiders Place Their Bets

In other news, EVP Matthew Crowley sold 94 shares of Jabil 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 owned 57,536 shares in the company, valued at $19,849,920. This trade represents a 0.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

JBL has been the topic of several analyst reports. Argus set a $475.00 price objective on Jabil in a research report on Thursday, June 18th. Robert W. Baird boosted their price target on Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Barclays upped their price target on Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Stifel Nicolaus set a $460.00 price objective on Jabil and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, Bank of America reissued a “buy” rating and issued a $470.00 target price on shares of Jabil in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $441.78.

Check Out Our Latest Report on JBL

Jabil Stock Performance

JBL stock opened at $311.74 on Wednesday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66. Jabil, Inc. has a 1 year low of $189.60 and a 1 year high of $428.93. The company has a market cap of $32.67 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 0.70 and a beta of 1.29. The stock’s fifty day moving average price is $324.11 and its 200-day moving average price is $320.38.

Jabil (NYSE:JBL – Get Free Report) last posted its earnings results on Wednesday, June 17th. The technology company reported $3.16 earnings per share 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 company had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter in the prior year, the company earned $2.55 earnings per share. Jabil’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. On average, equities analysts forecast that Jabil, Inc. will post 11.71 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were given a $0.08 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 4.00%.

About Jabil

(Free Report)

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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