Mirae Asset Global Investments Co. Ltd. purchased a new stake in Jabil, Inc. (NYSE:JBL – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 34,777 shares of the technology company’s stock, valued at approximately $9,976,000.
Several other large investors have also recently bought and sold shares of JBL. Empirical Finance LLC lifted its position in Jabil by 0.6% during the first quarter. Empirical Finance LLC now owns 5,405 shares of the technology company’s stock worth $1,436,000 after acquiring an additional 31 shares during the last quarter. Assetmark Inc. grew its position in shares of Jabil by 10.6% in the first quarter. Assetmark Inc. now owns 344 shares of the technology company’s stock valued at $91,000 after purchasing an additional 33 shares during the last quarter. Groupe la Francaise grew its position in shares of Jabil by 6.4% in the second quarter. Groupe la Francaise now owns 795 shares of the technology company’s stock valued at $307,000 after purchasing an additional 48 shares during the last quarter. Trustmark Bank Trust Department grew its position in shares of Jabil by 0.7% in the second quarter. Trustmark Bank Trust Department now owns 7,123 shares of the technology company’s stock valued at $2,746,000 after purchasing an additional 49 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Jabil by 1.9% during the third quarter. IFP Advisors Inc now owns 2,984 shares of the technology company’s stock worth $856,000 after purchasing an additional 55 shares during the period. 93.39% of the stock is owned by institutional investors.
Jabil Stock Down 4.8%
NYSE JBL opened at $258.71 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 1.78. The company has a market cap of $26.64 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 0.82 and a beta of 1.34. The company has a 50 day moving average of $296.93 and a 200-day moving average of $307.06. 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 issued its quarterly earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.05 by $0.35. Jabil had a return on equity of 89.50% and a net margin of 2.90%. The business had revenue of $10.62 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the prior year, the business posted $3.29 earnings per share. The firm’s quarterly revenue was up 28.6% compared to the same quarter last year. 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 expect that Jabil, Inc. will post 16.53 earnings per share for the current fiscal year.
Jabil Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Monday, November 16th will be given a $0.08 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 3.27%.
Insiders Place Their Bets
In other Jabil news, EVP Matthew Crowley sold 3,922 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $290.00, for a total value of $1,137,380.00. Following the transaction, the executive vice president directly owned 63,410 shares of the company’s stock, valued at $18,388,900. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Gary K. Schick sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $277.16, for a total transaction of $277,160.00. Following the sale, the senior vice president directly owned 37,314 shares of the company’s stock, valued at approximately $10,341,948.24. This trade represents a 2.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Bank of America lifted their price target on Jabil from $470.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. UBS Group reaffirmed a “buy” rating and issued a $430.00 price objective on shares of Jabil in a report on Thursday, October 8th. Argus reiterated a “buy” rating and set a $475.00 price objective on shares of Jabil in a research report on Thursday, October 1st. Weiss Ratings downgraded Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Jabil from $425.00 to $430.00 and gave the company an “overweight” rating in a research note on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat.com, Jabil has an average rating of “Buy” and an average target price of $437.22.
View Our Latest Research Report on JBL
Jabil 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.
Read More
- Five stocks we like better than Jabil
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
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.
