Jabil, Inc. $JBL Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC trimmed its position in Jabil, Inc. (NYSE:JBL) by 45.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,421 shares of the technology company’s stock after selling 2,025 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Jabil were worth $695,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deltec Asset Management LLC lifted its position in Jabil by 206.4% during the third quarter. Deltec Asset Management LLC now owns 30,334 shares of the technology company’s stock valued at $8,702,000 after purchasing an additional 20,434 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of Jabil by 7.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,351 shares of the technology company’s stock valued at $961,000 after buying an additional 218 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in shares of Jabil by 18.4% in the third quarter. Kingswood Wealth Advisors LLC now owns 3,021 shares of the technology company’s stock worth $866,000 after buying an additional 469 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of Jabil by 109.7% in the third quarter. Citizens Financial Group Inc. RI now owns 3,164 shares of the technology company’s stock worth $908,000 after buying an additional 1,655 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings in Jabil by 8.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 1,807 shares of the technology company’s stock worth $518,000 after acquiring an additional 136 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Trading Down 1.0%

Shares of JBL stock opened at $287.89 on Friday. Jabil, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93. The company has a market cap of $29.64 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 0.87 and a beta of 1.30. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.99 and a quick ratio of 0.65. The stock has a 50 day simple moving average of $300.44 and a 200-day simple moving average of $306.54.

Jabil (NYSE:JBL) last released its quarterly earnings results 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. The firm had revenue of $10.62 billion for the quarter, compared to analysts’ expectations of $9.69 billion. Jabil had a net margin of 2.90% and a return on equity of 89.50%. The firm’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.29 EPS. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. On average, equities research analysts expect that Jabil, Inc. will post 16.53 EPS for the current fiscal year.

Jabil Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays decreased their price target on Jabil from $426.00 to $378.00 and set an “overweight” rating for the company in a report on Thursday, October 1st. JPMorgan Chase & Co. lifted their target price on shares of Jabil from $425.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, October 1st. Zacks Research upgraded shares of Jabil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. The Goldman Sachs Group lowered their price target on shares of Jabil from $482.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, September 8th. Finally, UBS Group restated a “buy” rating on shares of Jabil in a research report on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat, Jabil presently has an average rating of “Buy” and a consensus target price of $434.22.

Insider Buying and Selling at Jabil

In related news, SVP Gary Schick sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $277.16, for a total value of $277,160.00. Following the transaction, the senior vice president directly owned 37,314 shares of the company’s stock, valued at approximately $10,341,948.24. This trade represents a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.35% of the stock is currently owned by company insiders.

Jabil Profile

Jabil Inc is a global manufacturing services company that helps leading brands design, produce and manage the supply chains for a wide range of products. Its services include product design and engineering, electronics and mechanical manufacturing, assembly, testing, packaging, supply chain management and aftermarket services.

The company serves customers across several industries, including cloud and data center infrastructure, automotive, healthcare, mobility, consumer products, industrial technology and packaging.