The Manufacturers Life Insurance Company cut its stake in Jabil, Inc. (NYSE:JBL – Free Report) by 3.9% in the first quarter, Holdings Channel reports. The fund owned 59,695 shares of the technology company’s stock after selling 2,418 shares during the period. The Manufacturers Life Insurance Company’s holdings in Jabil were worth $15,857,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. Empirical Finance LLC boosted its position in shares of Jabil by 0.6% during the 1st quarter. Empirical Finance LLC now owns 5,405 shares of the technology company’s stock valued at $1,436,000 after acquiring an additional 31 shares during the last quarter. Assetmark Inc. increased its position in Jabil by 10.6% during the first quarter. Assetmark Inc. now owns 344 shares of the technology company’s stock worth $91,000 after purchasing an additional 33 shares during the last quarter. PenderFund Capital Management Ltd. increased its position in Jabil by 3.3% during the fourth quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company’s stock worth $287,000 after purchasing an additional 40 shares during the last quarter. Root Financial Partners LLC raised its stake in Jabil by 11.1% during the first quarter. Root Financial Partners LLC now owns 432 shares of the technology company’s stock worth $115,000 after purchasing an additional 43 shares during the period. Finally, Cidel Asset Management Inc. boosted its holdings in Jabil by 4.8% in the 1st quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company’s stock valued at $263,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on JBL shares. Barclays increased their price target 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. Raymond James Financial upped their price objective on Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a report on Thursday, June 18th. Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Stifel Nicolaus set a $460.00 target price on Jabil and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Argus set a $475.00 target price on Jabil in a research report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $453.67.
Insider Activity at Jabil
In other news, EVP Matthew Crowley sold 94 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $345.00, for a total transaction of $32,430.00. Following the completion of the transaction, the executive vice president directly owned 57,536 shares in the company, valued at $19,849,920. This trade represents a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.35% of the stock is currently owned by corporate insiders.
Jabil Price Performance
Shares of JBL opened at $314.49 on Friday. The firm has a 50-day simple moving average of $347.90 and a two-hundred day simple moving average of $305.09. The stock has a market cap of $32.96 billion, a PE ratio of 39.26, a P/E/G ratio of 0.94 and a beta of 1.28. Jabil, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93. 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 (NYSE:JBL – Get Free Report) last issued its quarterly earnings data on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.10 by $0.06. The firm had revenue of $8.75 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $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, analysts forecast that Jabil, Inc. will post 11.71 EPS for the current year.
Jabil Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, August 14th. Jabil’s dividend payout ratio is 4.00%.
Jabil Profile
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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