Convergence Investment Partners LLC Buys 11,548 Shares of Jabil, Inc. $JBL

Convergence Investment Partners LLC grew its stake in Jabil, Inc. (NYSE:JBL) by 373.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 14,640 shares of the technology company’s stock after purchasing an additional 11,548 shares during the period. Convergence Investment Partners LLC’s holdings in Jabil were worth $3,193,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Ashton Thomas Private Wealth LLC lifted its stake in shares of Jabil by 1.2% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 4,120 shares of the technology company’s stock valued at $899,000 after purchasing an additional 48 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Jabil by 5.4% in the 2nd quarter. Mather Group LLC. now owns 1,186 shares of the technology company’s stock valued at $259,000 after purchasing an additional 61 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Jabil by 2.9% in the 2nd quarter. UMB Bank n.a. now owns 2,191 shares of the technology company’s stock valued at $478,000 after purchasing an additional 62 shares during the last quarter. Groupe la Francaise lifted its stake in shares of Jabil by 35.2% in the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after purchasing an additional 64 shares during the last quarter. Finally, Keeley Teton Advisors LLC lifted its stake in shares of Jabil by 0.3% in the 1st quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company’s stock valued at $3,456,000 after purchasing an additional 64 shares during the last quarter. 93.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Matthew Crowley sold 3,877 shares of Jabil stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $202.59, for a total value of $785,441.43. Following the transaction, the executive vice president directly owned 58,736 shares in the company, valued at approximately $11,899,326.24. This trade represents a 6.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Mark T. Mondello sold 40,000 shares of Jabil stock in a transaction on Friday, October 17th. The shares were sold at an average price of $207.77, for a total value of $8,310,800.00. Following the completion of the transaction, the chairman owned 1,258,942 shares in the company, valued at $261,570,379.34. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,533 shares of company stock worth $22,336,025 over the last quarter. Company insiders own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JBL. Barclays raised their price target on Jabil from $223.00 to $267.00 and gave the stock an “overweight” rating in a research note on Friday, September 26th. Stifel Nicolaus began coverage on Jabil in a research note on Wednesday, July 2nd. They set a “buy” rating and a $245.00 price target for the company. UBS Group set a $241.00 price target on Jabil in a research note on Sunday, September 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Jabil in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. raised their price target on Jabil from $214.00 to $256.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. One investment 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $248.43.

Jabil Trading Up 3.0%

Shares of NYSE JBL opened at $212.69 on Monday. 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 business has a fifty day simple moving average of $210.09 and a two-hundred day simple moving average of $194.77. The firm has a market cap of $22.72 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 1.51 and a beta of 1.26. Jabil, Inc. has a twelve month low of $108.66 and a twelve month high of $237.14.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, September 25th. The technology company reported $1.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.93). The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $7.63 billion. Jabil had a net margin of 2.20% and a return on equity of 68.63%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last 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. Analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be issued a $0.08 dividend. The ex-dividend date is Monday, November 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Jabil’s dividend payout ratio (DPR) is currently 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).