Cascade Investment Advisors Inc. decreased its stake in Jabil, Inc. (NYSE:JBL – Free Report) by 3.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 17,346 shares of the technology company’s stock after selling 700 shares during the quarter. Jabil makes up about 2.4% of Cascade Investment Advisors Inc.’s investment portfolio, making the stock its 4th biggest position. Cascade Investment Advisors Inc.’s holdings in Jabil were worth $3,783,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake 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 last quarter. Jacobs Levy Equity Management Inc. raised its stake 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 last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Jabil by 4,593.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 636,776 shares of the technology company’s stock valued at $138,881,000 after acquiring an additional 623,208 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Jabil during the first quarter valued at $81,378,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Jabil by 28,071.4% during the first quarter. Jones Financial Companies Lllp now owns 343,409 shares of the technology company’s stock valued at $46,728,000 after acquiring an additional 342,190 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on JBL. Stifel Nicolaus began coverage on shares of Jabil in a research note on Wednesday, July 2nd. They set a “buy” rating and a $245.00 price target for the company. Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Wall Street Zen raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Argus upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Jabil from $214.00 to $256.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $248.43.
Jabil Stock Down 5.2%
Shares of NYSE JBL opened at $194.00 on Monday. The stock has a market capitalization of $20.82 billion, a P/E ratio of 32.55, a P/E/G ratio of 1.38 and a beta of 1.26. The company has a 50-day moving average price of $213.34 and a 200-day moving average price of $189.44. Jabil, Inc. has a 1 year low of $108.66 and a 1 year high of $237.14. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.00 and a quick ratio of 0.66.
Jabil (NYSE:JBL – Get Free Report) last issued its quarterly earnings data on Thursday, September 25th. The technology company reported $1.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.93). Jabil had a net margin of 2.20% and a return on equity of 68.63%. The business had revenue of $8.30 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same quarter in the prior year, the business earned $2.30 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. Jabil has set its Q1 2026 guidance at 2.470-2.870 EPS. FY 2026 guidance at 11.000-11.000 EPS. On average, equities research analysts forecast that Jabil, Inc. will post 8.05 EPS for the current fiscal year.
Jabil Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 15th. Jabil’s dividend payout ratio (DPR) is presently 5.37%.
Insider Activity
In other Jabil news, Director Steven A. Raymund sold 13,432 shares of Jabil stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $223.11, for a total value of $2,996,813.52. Following the sale, the director owned 86,396 shares of the company’s stock, valued at approximately $19,275,811.56. The trade was a 13.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew Priestley sold 3,782 shares of Jabil stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $225.00, for a total transaction of $850,950.00. Following the completion of the sale, the executive vice president directly owned 48,535 shares in the company, valued at approximately $10,920,375. This represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,416 shares of company stock valued at $18,367,889 over the last ninety days. Company insiders own 1.73% of the company’s stock.
Jabil Company Profile
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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