Primecap Management Co. CA Purchases Shares of 3,167,120 Jabil, Inc. $JBL

Primecap Management Co. CA purchased a new position in Jabil, Inc. (NYSE:JBL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,167,120 shares of the technology company’s stock, valued at approximately $1,220,861,000.

A number of other large investors have also modified their holdings of the business. PDT Partners LLC acquired a new position in shares of Jabil during the second quarter valued at about $15,947,000. Canada Pension Plan Investment Board acquired a new stake in Jabil in the 2nd quarter worth approximately $19,461,000. Legal & General Group Plc purchased a new stake in Jabil during the 2nd quarter worth approximately $145,649,000. The Manufacturers Life Insurance Company purchased a new stake in Jabil during the 2nd quarter worth approximately $20,313,000. Finally, Jones Financial Companies Lllp acquired a new position in Jabil during the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Stock Up 1.4%

JBL stock opened at $309.05 on Wednesday. The company has a market capitalization of $32.38 billion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 0.91 and a beta of 1.30. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93. The firm’s fifty day simple moving average is $337.34 and its 200-day simple moving average is $316.85. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, June 17th. The technology company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.06. The firm had revenue of $8.75 billion during the quarter, compared to analysts’ expectations of $8.61 billion. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.55 earnings per share. 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, equities research analysts forecast that Jabil, Inc. will post 11.71 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 4.00%.

Wall Street Analysts Forecast Growth

JBL has been the subject of a number of research analyst reports. Raymond James Financial raised their price target on shares of Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a report on Thursday, June 18th. Zacks Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Barclays raised their target price on Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a research note on Thursday, June 18th. Argus set a $475.00 price target on Jabil in a research report on Thursday, June 18th. Finally, The Goldman Sachs Group boosted their price target on Jabil from $384.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $453.67.

Insider Activity

In other news, EVP Matthew Crowley sold 94 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $345.00, for a total value of $32,430.00. Following the sale, the executive vice president owned 57,536 shares in the company, valued at $19,849,920. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.35% of the stock is currently owned by company insiders.

About Jabil

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.