Leuthold Group LLC Acquires 2,818 Shares of Jabil, Inc. $JBL

Leuthold Group LLC increased its holdings in shares of Jabil, Inc. (NYSE:JBL) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,287 shares of the technology company’s stock after buying an additional 2,818 shares during the period. Jabil comprises approximately 1.1% of Leuthold Group LLC’s portfolio, making the stock its 15th largest position. Leuthold Group LLC’s holdings in Jabil were worth $12,417,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Jabil by 101.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 354,043 shares of the technology company’s stock worth $106,139,000 after purchasing an additional 178,433 shares during the last quarter. StoneX Group Inc. grew its position in shares of Jabil by 20.0% in the 3rd quarter. StoneX Group Inc. now owns 803 shares of the technology company’s stock valued at $236,000 after buying an additional 134 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Jabil by 10.4% in the 3rd quarter. Pictet Asset Management Holding SA now owns 61,839 shares of the technology company’s stock valued at $17,739,000 after buying an additional 5,847 shares during the last quarter. Plancorp LLC acquired a new stake in shares of Jabil in the third quarter valued at about $342,000. Finally, Heritage Family Offices LLP acquired a new stake in shares of Jabil in the third quarter valued at about $133,000. 93.39% of the stock is owned by institutional investors.

Jabil Stock Performance

Shares of JBL stock opened at $252.59 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 1.78. The firm has a fifty day simple moving average of $293.02 and a two-hundred day simple moving average of $306.95. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93. The firm has a market capitalization of $26.01 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.35. Jabil had a net margin of 2.90% and a return on equity of 89.50%. The firm had revenue of $10.62 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same period last year, the company earned $3.29 earnings per share. The business’s revenue was up 28.6% on a year-over-year basis. 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 forecast that Jabil, Inc. will post 16.53 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Monday, November 16th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, November 16th. Jabil’s payout ratio is currently 3.27%.

Analysts Set New Price Targets

Several brokerages recently commented on JBL. Barclays reduced their target price on Jabil from $426.00 to $378.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. Bank of America raised their price target on shares of Jabil from $470.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. The Goldman Sachs Group boosted their price target on shares of Jabil from $375.00 to $397.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Argus reaffirmed a “buy” rating and set a $475.00 price target on shares of Jabil in a research report on Thursday, October 1st. Finally, UBS Group reaffirmed a “buy” rating and set a $430.00 price objective on shares of Jabil in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $437.22.

Insider Buying and Selling

In other news, SVP Gary Schick sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $277.16, for a total value of $277,160.00. Following the completion of the sale, the senior vice president directly owned 37,314 shares of the company’s stock, valued at $10,341,948.24. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Matthew Crowley sold 3,922 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $290.00, for a total value of $1,137,380.00. Following the completion of the transaction, the executive vice president owned 63,410 shares in the company, valued at $18,388,900. This represents a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.35% of the company’s stock.

Jabil Profile

Jabil Inc is a global manufacturing services company that helps businesses design, engineer and produce products. Its services include product development, supply chain management, component sourcing, manufacturing, assembly and after-market support.

The company serves customers across a range of industries, including healthcare, automotive, cloud and data center, industrial, aerospace and defense, and consumer markets. Its work spans products such as medical devices, electronic systems, infrastructure equipment and industrial components.

Founded in 1966, Jabil has grown from a U.S.