Eastern Bank Has $27,000 Stock Holdings in Jabil, Inc. $JBL

Eastern Bank lessened its position in Jabil, Inc. (NYSE:JBLFree Report) by 31.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125 shares of the technology company’s stock after selling 58 shares during the quarter. Eastern Bank’s holdings in Jabil were worth $27,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. PDS Planning Inc acquired a new stake in Jabil in the 2nd quarter valued at approximately $307,000. Blue Trust Inc. raised its position in Jabil by 5.6% in the 2nd quarter. Blue Trust Inc. now owns 1,607 shares of the technology company’s stock valued at $350,000 after buying an additional 85 shares during the last quarter. Callan Family Office LLC acquired a new stake in Jabil in the 2nd quarter valued at approximately $612,000. GFG Capital LLC bought a new position in Jabil in the second quarter valued at approximately $26,000. Finally, US Bancorp DE grew its stake in Jabil by 6.0% in the second quarter. US Bancorp DE now owns 17,427 shares of the technology company’s stock valued at $3,801,000 after purchasing an additional 994 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JBL. Stifel Nicolaus began coverage on Jabil in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $245.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Jabil in a research note on Saturday, September 27th. Argus upgraded Jabil from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th. Barclays raised their price target on Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Finally, UBS Group set a $241.00 target price on Jabil in a research note on Sunday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $248.43.

Get Our Latest Research Report on JBL

Jabil Stock Performance

Shares of NYSE JBL opened at $199.83 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 1.57. Jabil, Inc. has a 12 month low of $108.66 and a 12 month high of $237.14. The stock has a 50 day moving average of $212.89 and a 200-day moving average of $189.89. The company has a market capitalization of $21.45 billion, a P/E ratio of 33.53, a P/E/G ratio of 1.38 and a beta of 1.26.

Jabil (NYSE:JBLGet Free Report) last released its quarterly earnings results on Thursday, September 25th. The technology company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.93). The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $7.63 billion. Jabil had a return on equity of 68.63% and a net margin of 2.20%.The business’s revenue for the quarter was up 18.5% on a year-over-year basis. 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. As a group, equities research analysts predict that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 15th. Jabil’s dividend payout ratio (DPR) is presently 5.37%.

Insider Transactions at Jabil

In related news, EVP Frederic E. Mccoy sold 4,500 shares of Jabil stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total transaction of $1,005,975.00. Following the completion of the sale, the executive vice president directly owned 124,203 shares of the company’s stock, valued at approximately $27,765,580.65. This trade represents a 3.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven A. Raymund sold 13,432 shares of Jabil stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $223.11, for a total value of $2,996,813.52. Following the sale, the director directly owned 86,396 shares of the company’s stock, valued at approximately $19,275,811.56. The trade was a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,416 shares of company stock valued at $18,367,889. 1.73% of the stock is currently owned by company insiders.

Jabil Profile

(Free Report)

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).

Featured Stories

Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil, Inc. (NYSE:JBLFree Report).

Institutional Ownership by Quarter for Jabil (NYSE:JBL)

Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.