NorthRock Partners LLC Sells 106 Shares of Jabil, Inc. $JBL

NorthRock Partners LLC decreased its position in Jabil, Inc. (NYSE:JBL) by 5.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,936 shares of the technology company’s stock after selling 106 shares during the period. NorthRock Partners LLC’s holdings in Jabil were worth $422,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in JBL. Wellington Management Group LLP raised its holdings in shares of Jabil by 12.9% in the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company’s stock valued at $892,096,000 after purchasing an additional 747,423 shares during the last quarter. JPMorgan Chase & Co. grew its position in Jabil by 15.7% in the first quarter. JPMorgan Chase & Co. now owns 2,173,095 shares of the technology company’s stock valued at $295,693,000 after purchasing an additional 295,496 shares in the last quarter. Northern Trust Corp increased its stake in Jabil by 8.3% in the 1st quarter. Northern Trust Corp now owns 1,384,364 shares of the technology company’s stock valued at $188,370,000 after buying an additional 105,632 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Jabil by 119.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company’s stock worth $165,417,000 after buying an additional 662,938 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Jabil by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,118,282 shares of the technology company’s stock worth $152,165,000 after buying an additional 37,201 shares during the last quarter. 93.39% of the stock is owned by institutional investors.

Insider Activity at Jabil

In other news, Director Steven A. Raymund sold 13,432 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $223.11, for a total transaction of $2,996,813.52. Following the transaction, the director owned 86,396 shares in the company, valued at approximately $19,275,811.56. This trade represents a 13.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew Priestley sold 3,782 shares of the business’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $225.00, for a total value of $850,950.00. Following the completion of the sale, the executive vice president owned 48,535 shares of the company’s stock, valued at $10,920,375. This trade represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 85,416 shares of company stock valued at $18,367,889 in the last 90 days. Insiders own 1.73% of the company’s stock.

Jabil Stock Up 3.2%

JBL opened at $207.00 on Thursday. The stock’s fifty day simple moving average is $212.24 and its 200 day simple moving average is $190.08. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $237.14. The stock has a market cap of $22.21 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 1.42 and a beta of 1.26. 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 (NYSE:JBL) last released its quarterly earnings data 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 company had revenue of $8.30 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, research analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JBL has been the topic of a number of recent research reports. Argus raised Jabil from a “hold” rating to a “buy” rating in a research report on Wednesday, June 18th. Wall Street Zen raised Jabil from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Jabil in a research note on Tuesday. The Goldman Sachs Group boosted their target price on shares of Jabil from $188.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th. Finally, Raymond James Financial set a $260.00 price target on shares of Jabil in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Jabil currently has an average rating of “Moderate Buy” and an average target price of $248.43.

About Jabil

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).