Lisanti Capital Growth LLC boosted its position in Jabil, Inc. (NYSE:JBL – Free Report) by 37.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,715 shares of the technology company’s stock after purchasing an additional 1,290 shares during the period. Lisanti Capital Growth LLC’s holdings in Jabil were worth $1,028,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. GFG Capital LLC acquired a new position in shares of Jabil during the 2nd quarter worth approximately $26,000. Groupe la Francaise increased its holdings in shares of Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after purchasing an additional 64 shares during the last quarter. Assetmark Inc. raised its position in shares of Jabil by 45.8% in the second quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock valued at $34,000 after purchasing an additional 49 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of Jabil by 757.1% during the 2nd quarter. Westside Investment Management Inc. now owns 180 shares of the technology company’s stock worth $39,000 after buying an additional 159 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in Jabil by 45.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 189 shares of the technology company’s stock valued at $41,000 after buying an additional 59 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on JBL shares. Bank of America boosted their price objective on Jabil from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Barclays lifted their price objective on Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Wall Street Zen upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. raised their target price on Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $248.43.
Insider Activity at Jabil
In other Jabil news, EVP Kristine Melachrino sold 6,579 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $213.40, for a total value of $1,403,958.60. Following the sale, the executive vice president owned 33,718 shares in the company, valued at approximately $7,195,421.20. The trade was a 16.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Matthew Crowley sold 3,877 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $202.59, for a total value of $785,441.43. Following the transaction, the executive vice president owned 58,736 shares of the company’s stock, valued at $11,899,326.24. This trade represents a 6.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 131,762 shares of company stock valued at $27,886,321 in the last quarter. Insiders own 1.73% of the company’s stock.
Jabil Stock Down 0.5%
Shares of JBL opened at $213.92 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.66 and a current ratio of 1.00. Jabil, Inc. has a 52 week low of $108.66 and a 52 week high of $237.14. The stock has a market capitalization of $22.85 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 1.58 and a beta of 1.26. The stock has a fifty day moving average of $211.83 and a 200-day moving average of $200.58.
Jabil (NYSE:JBL – Get Free Report) last posted its earnings results on Thursday, September 25th. The technology company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.93). The firm had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $7.63 billion. Jabil had a net margin of 2.20% and a return on equity of 68.63%. Jabil’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior 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, sell-side analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.
Jabil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 5.37%.
Jabil Profile
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).
Further Reading
- Five stocks we like better than Jabil
- What is a support level?
- Rivian’s Chart Says Go, But Some Analysts Still Say No
- Top Stocks Investing in 5G Technology
- e.l.f. Sell-Off Is a Good Time to Buy, According to Analysts
- What to Know About Investing in Penny Stocks
- T-Mobile Is The Most Oversold Mega-Cap Stock—Time to Buy?
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:JBL – Free Report).
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.
