Jabil, Inc. $JBL Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its position in Jabil, Inc. (NYSE:JBL) by 19.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 21,371 shares of the technology company’s stock after selling 5,142 shares during the period. Van ECK Associates Corp’s holdings in Jabil were worth $8,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of JBL. BlackRock Inc. acquired a new stake in shares of Jabil in the 2nd quarter worth $3,905,704,000. State Street Corp increased its stake in shares of Jabil by 0.7% during the third quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock worth $1,129,207,000 after acquiring an additional 36,646 shares during the period. Primecap Management Co. CA increased its stake in shares of Jabil by 0.4% during the fourth quarter. Primecap Management Co. CA now owns 3,343,670 shares of the technology company’s stock worth $762,424,000 after acquiring an additional 12,600 shares during the period. Geode Capital Management LLC raised its holdings in Jabil by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock worth $661,783,000 after purchasing an additional 42,422 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Jabil by 45.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock valued at $429,714,000 after purchasing an additional 591,364 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JBL has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Robert W. Baird raised their price target on Jabil from $355.00 to $440.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Raymond James Financial lifted their price target on Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a research note on Thursday, June 18th. Bank of America reaffirmed a “buy” rating and set a $470.00 price objective on shares of Jabil in a report on Thursday, June 18th. Finally, Stifel Nicolaus set a $460.00 price objective on Jabil and gave the stock a “buy” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $453.67.

Jabil Trading Down 2.2%

Shares of JBL opened at $298.69 on Wednesday. Jabil, Inc. has a twelve month low of $189.60 and a twelve month high of $428.93. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $31.30 billion, a P/E ratio of 37.29, a PEG ratio of 0.91 and a beta of 1.29. The firm’s 50-day moving average is $330.61 and its two-hundred day moving average is $318.56.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.10 by $0.06. The business had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.61 billion. Jabil had a return on equity of 83.93% and a net margin of 2.57%.During the same quarter in the previous year, the company earned $2.55 EPS. The company’s quarterly 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. On average, research analysts predict that Jabil, Inc. will post 11.71 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be given a $0.08 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s payout ratio is currently 4.00%.

Insider Transactions at Jabil

In other Jabil news, EVP Matthew Crowley sold 94 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were 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 of the company’s stock, valued at $19,849,920. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.35% of the company’s stock.

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.