Vontobel Holding Ltd. lowered its position in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 10.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,287 shares of the technology company’s stock after selling 834 shares during the quarter. Vontobel Holding Ltd.’s holdings in Jabil were worth $1,589,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of Jabil by 12.9% during the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company’s stock valued at $892,096,000 after acquiring an additional 747,423 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Jabil by 15.7% during the first quarter. JPMorgan Chase & Co. now owns 2,173,095 shares of the technology company’s stock valued at $295,693,000 after acquiring an additional 295,496 shares during the period. Northern Trust Corp raised its holdings in shares of Jabil by 8.3% during the first quarter. Northern Trust Corp now owns 1,384,364 shares of the technology company’s stock valued at $188,370,000 after acquiring an additional 105,632 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Jabil by 119.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company’s stock valued at $165,417,000 after acquiring an additional 662,938 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Jabil by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 1,118,282 shares of the technology company’s stock valued at $152,165,000 after acquiring an additional 37,201 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently commented on JBL shares. Raymond James Financial set a $260.00 price objective on shares of Jabil in a research report on Thursday, September 25th. Barclays boosted their price objective on shares of Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. UBS Group set a $241.00 price objective on shares of Jabil in a research report on Sunday, September 28th. Bank of America boosted their price objective on shares of Jabil from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Finally, Wall Street Zen raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.43.
Insider Activity
In other news, EVP Andrew Priestley sold 3,702 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $225.00, for a total value of $832,950.00. Following the completion of the sale, the executive vice president directly owned 44,833 shares in the company, valued at approximately $10,087,425. The trade was a 7.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,500 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total transaction of $1,005,975.00. Following the completion of the sale, the executive vice president owned 124,203 shares of the company’s stock, valued at $27,765,580.65. The trade was a 3.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,416 shares of company stock valued at $18,367,889 over the last three months. Corporate insiders own 1.73% of the company’s stock.
Jabil Stock Performance
JBL stock opened at $194.00 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $20.82 billion, a price-to-earnings ratio of 32.55, a P/E/G ratio of 1.38 and a beta of 1.26. Jabil, Inc. has a 12 month low of $108.66 and a 12 month high of $237.14. The firm has a 50 day moving average of $213.34 and a two-hundred day moving average of $189.09.
Jabil (NYSE:JBL – Get Free Report) last posted its earnings results on Thursday, September 25th. The technology company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.93). The business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $7.63 billion. Jabil had a return on equity of 68.63% and a net margin of 2.20%.The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.30 earnings per share. Jabil has set its Q1 2026 guidance at 2.470-2.870 EPS. FY 2026 guidance at 11.000-11.000 EPS. As a group, equities analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.
Jabil Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, August 15th. Jabil’s payout ratio is presently 5.37%.
About Jabil
Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).
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