Fifth Third Bancorp Purchases 32,977 Shares of Jabil, Inc. $JBL

Fifth Third Bancorp boosted its position in Jabil, Inc. (NYSE:JBL) by 764.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 37,290 shares of the technology company’s stock after acquiring an additional 32,977 shares during the quarter. Fifth Third Bancorp’s holdings in Jabil were worth $9,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. PenderFund Capital Management Ltd. boosted its holdings in Jabil by 3.3% during the fourth quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company’s stock valued at $287,000 after acquiring an additional 40 shares during the period. Root Financial Partners LLC boosted its stake in Jabil by 11.1% during the 1st quarter. Root Financial Partners LLC now owns 432 shares of the technology company’s stock valued at $115,000 after purchasing an additional 43 shares during the period. Cidel Asset Management Inc. grew its holdings in Jabil by 4.8% in the 1st quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company’s stock valued at $263,000 after buying an additional 45 shares during the last quarter. Hilton Head Capital Partners LLC grew its holdings in Jabil by 24.6% in the 1st quarter. Hilton Head Capital Partners LLC now owns 263 shares of the technology company’s stock valued at $70,000 after buying an additional 52 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in Jabil by 1.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock worth $630,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Performance

Shares of NYSE:JBL opened at $319.17 on Thursday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66. The business’s fifty day moving average price is $357.84 and its two-hundred day moving average price is $298.84. Jabil, Inc. has a fifty-two week low of $189.60 and a fifty-two week high of $428.93. The stock has a market capitalization of $33.44 billion, a price-to-earnings ratio of 39.85, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, June 17th. The technology company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.06. Jabil had a return on equity of 83.93% and a net margin of 2.57%.The company had revenue of $8.75 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same period last year, the business earned $2.55 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. As a group, analysts predict that Jabil, Inc. will post 11.71 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were given a $0.08 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s payout ratio is 4.00%.

Wall Street Analysts Forecast Growth

JBL has been the subject of a number of research analyst reports. Weiss Ratings upgraded Jabil from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Raymond James Financial raised their price objective on shares of Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. upped their target price on shares of Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. UBS Group increased their price target on shares of Jabil from $380.00 to $430.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. Finally, The Goldman Sachs Group raised their price target on shares of Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $453.67.

Insider Activity

In other news, EVP Steven D. Borges sold 5,126 shares of Jabil stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $317.51, for a total value of $1,627,556.26. Following the completion of the transaction, the executive vice president owned 71,398 shares in the company, valued at approximately $22,669,578.98. The trade was a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Matthew Crowley sold 94 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $345.00, for a total value of $32,430.00. Following the completion of the transaction, the executive vice president directly owned 57,536 shares in the company, valued at $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,389 shares of company stock valued at $3,045,756 in the last ninety days. 1.35% of the stock is currently owned by corporate insiders.

Jabil Profile

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.