Lmcg Investments LLC reduced its holdings in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,432 shares of the technology company’s stock after selling 1,823 shares during the period. Lmcg Investments LLC’s holdings in Jabil were worth $17,909,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the business. Range Financial Group LLC grew its holdings in Jabil by 3.2% in the third quarter. Range Financial Group LLC now owns 2,115 shares of the technology company’s stock worth $607,000 after purchasing an additional 65 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Jabil by 2.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,417 shares of the technology company’s stock valued at $4,423,000 after purchasing an additional 328 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Jabil by 1.2% during the third quarter. CWA Asset Management Group LLC now owns 44,142 shares of the technology company’s stock valued at $12,663,000 after purchasing an additional 506 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Jabil during the third quarter valued at approximately $1,016,000. Finally, IFP Advisors Inc boosted its position in shares of Jabil by 1.9% in the 3rd quarter. IFP Advisors Inc now owns 2,984 shares of the technology company’s stock worth $856,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.
Jabil Trading Up 1.6%
NYSE:JBL opened at $281.49 on Thursday. The company’s 50 day moving average price is $308.37 and its 200-day moving average price is $329.12. Jabil, Inc. has a 52 week low of $189.60 and a 52 week high of $428.93. The company has a quick ratio of 0.65, a current ratio of 0.99 and a debt-to-equity ratio of 1.78. The stock has a market cap of $29.50 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 0.83 and a beta of 1.30.
Jabil (NYSE:JBL – Get Free Report) last announced its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.35. The company had revenue of $10.62 billion during the quarter, compared to analyst estimates of $9.69 billion. Jabil had a net margin of 2.90% and a return on equity of 89.50%. The firm’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.29 EPS. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. On average, equities research analysts forecast that Jabil, Inc. will post 16.53 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently weighed in on JBL shares. Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Barclays reduced their price objective on Jabil from $426.00 to $378.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. UBS Group reiterated a “buy” rating on shares of Jabil in a research note on Thursday, October 8th. JPMorgan Chase & Co. boosted their target price on Jabil from $425.00 to $430.00 and gave the stock an “overweight” rating in a report on Thursday, October 1st. Finally, The Goldman Sachs Group cut their target price on Jabil from $482.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $434.22.
View Our Latest Stock Report on JBL
Jabil Company Profile
Jabil Inc is a global manufacturing services company that helps leading brands design, produce and manage the supply chains for a wide range of products. Its services include product design and engineering, electronics and mechanical manufacturing, assembly, testing, packaging, supply chain management and aftermarket services.
The company serves customers across several industries, including cloud and data center infrastructure, automotive, healthcare, mobility, consumer products, industrial technology and packaging.
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