Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 231,820 shares of the technology company’s stock after purchasing an additional 9,914 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Jabil were worth $66,500,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Jabil in the third quarter valued at $9,976,000. ProShare Advisors LLC raised its stake in Jabil by 2.8% during the third quarter. ProShare Advisors LLC now owns 25,376 shares of the technology company’s stock valued at $7,279,000 after purchasing an additional 692 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its stake in Jabil by 25.6% during the third quarter. Moss Adams Wealth Advisors LLC now owns 761 shares of the technology company’s stock valued at $218,000 after purchasing an additional 155 shares in the last quarter. Partners Wealth Management LLC purchased a new stake in Jabil during the third quarter valued at $203,000. Finally, Soltis Investment Advisors LLC bought a new position in Jabil during the third quarter valued at $338,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Insider Buying and Selling at Jabil
In other Jabil news, SVP Gary K. Schick sold 1,000 shares of the stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $277.16, for a total transaction of $277,160.00. Following the transaction, the senior vice president directly owned 37,314 shares in the company, valued at $10,341,948.24. This represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Matthew Crowley sold 3,922 shares of the stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $290.00, for a total transaction of $1,137,380.00. Following the transaction, the executive vice president owned 63,410 shares in the company, valued at approximately $18,388,900. This represents a 5.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.35% of the company’s stock.
Jabil Price Performance
Jabil stock opened at $271.27 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.99 and a quick ratio of 0.65. The stock has a market cap of $27.93 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 0.80 and a beta of 1.34. The firm has a 50-day moving average of $297.94 and a two-hundred day moving average of $307.03. 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 earnings results on Wednesday, September 30th. The technology company reported $4.40 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.35. Jabil had a net margin of 2.90% and a return on equity of 89.50%. The business had revenue of $10.62 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period last year, the company posted $3.29 earnings per share. The company’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, research analysts forecast that Jabil, Inc. will post 16.53 earnings per share for the current year.
Jabil Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Monday, November 16th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, November 16th. Jabil’s dividend payout ratio (DPR) is presently 3.27%.
Analyst Ratings Changes
A number of brokerages have commented on JBL. Bank of America lifted their price objective on shares of Jabil from $470.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Zacks Research upgraded shares of Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. The Goldman Sachs Group increased their price target on shares of Jabil from $375.00 to $397.00 and gave the company a “buy” rating in a report on Thursday, October 1st. UBS Group reiterated a “buy” rating and issued a $430.00 price target on shares of Jabil in a research report on Thursday, October 8th. Finally, Barclays reduced their price objective on Jabil from $426.00 to $378.00 and set an “overweight” rating on the stock 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $437.22.
View Our Latest Analysis on Jabil
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.
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