Verus Capital Partners LLC bought a new position in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 1,120 shares of the technology company’s stock, valued at approximately $244,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners grew its stake in Jabil by 223.9% during the second quarter. Boston Partners now owns 1,896,010 shares of the technology company’s stock worth $413,537,000 after buying an additional 1,310,667 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Jabil by 12.9% in the 1st quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company’s stock worth $892,096,000 after acquiring an additional 747,423 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Jabil by 119.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company’s stock worth $165,417,000 after acquiring an additional 662,938 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Jabil by 4,593.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 636,776 shares of the technology company’s stock valued at $138,881,000 after purchasing an additional 623,208 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in Jabil in the 1st quarter valued at $81,378,000. 93.39% of the stock is owned by institutional investors.
Insider Transactions at Jabil
In other news, Chairman Mark T. Mondello sold 40,000 shares of the company’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $207.77, for a total value of $8,310,800.00. Following the completion of the sale, the chairman directly owned 1,258,942 shares of the company’s stock, valued at $261,570,379.34. This represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Gregory B. Hebard sold 6,086 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $213.54, for a total transaction of $1,299,604.44. Following the transaction, the chief financial officer owned 58,526 shares of the company’s stock, valued at approximately $12,497,642.04. This represents a 9.42% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 131,762 shares of company stock valued at $27,886,321. Corporate insiders own 1.73% of the company’s stock.
Jabil Trading Up 1.3%
Jabil (NYSE:JBL – Get Free Report) last announced 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). The business had revenue of $8.30 billion during 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%. Jabil’s revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business posted $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. On average, sell-side analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current year.
Jabil Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th 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 17th. Jabil’s dividend payout ratio is currently 5.37%.
Wall Street Analyst Weigh In
JBL has been the topic of several research analyst reports. Zacks Research cut Jabil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Barclays increased their price objective on shares of Jabil from $223.00 to $267.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. UBS Group set a $241.00 target price on shares of Jabil in a research note on Sunday, September 28th. Wall Street Zen raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, Raymond James Financial set a $260.00 price objective on shares of Jabil in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $248.43.
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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