Jabil, Inc. $JBL Stock: Sterling Capital Management LLC Cuts Stake

Sterling Capital Management LLC reduced its stake in shares of Jabil, Inc. (NYSE:JBL) by 55.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,430 shares of the technology company’s stock after selling 2,982 shares during the quarter. Sterling Capital Management LLC’s holdings in Jabil were worth $697,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JBL. Rakuten Securities Inc. bought a new stake in Jabil during the second quarter worth about $25,000. Bell Investment Advisors Inc acquired a new stake in Jabil during the second quarter worth about $35,000. PenderFund Capital Management Ltd. acquired a new stake in Jabil during the second quarter worth about $44,000. Persistent Asset Partners Ltd bought a new position in Jabil in the 2nd quarter valued at about $45,000. Finally, Jones Financial Companies Lllp bought a new position in Jabil in the second quarter valued at approximately $46,000. Institutional investors own 93.39% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Gary 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 owned 37,314 shares of the company’s stock, valued at $10,341,948.24. This represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.35% of the company’s stock.

Jabil Stock Performance

Jabil stock opened at $283.88 on Wednesday. Jabil, Inc. has a 52-week low of $189.60 and a 52-week high of $428.93. The stock’s 50 day moving average price is $302.08 and its two-hundred day moving average price is $305.88.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 EPS for the quarter, topping the consensus estimate of $4.05 by $0.35. The company had revenue of $10.62 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period last year, the business earned $3.29 EPS. The business’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. Analysts anticipate that Jabil, Inc. will post 16.53 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Monday, November 16th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, November 16th.

Analysts Set New Price Targets

Several brokerages recently issued reports on JBL. JPMorgan Chase & Co. lifted their price target on shares of Jabil from $425.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, October 1st. Argus reissued a “buy” rating and set a $475.00 target price on shares of Jabil in a report on Thursday, October 1st. Weiss Ratings downgraded Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. The Goldman Sachs Group decreased their price target on Jabil from $482.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, September 8th. Finally, UBS Group reissued a “buy” rating on shares of Jabil in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat.com, Jabil currently has a consensus rating of “Buy” and a consensus target price of $434.22.

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.