Renaissance Group LLC Decreases Position in Jabil, Inc. $JBL

Renaissance Group LLC decreased its holdings in Jabil, Inc. (NYSE:JBL) by 20.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,742 shares of the technology company’s stock after selling 45,373 shares during the period. Jabil comprises approximately 1.5% of Renaissance Group LLC’s portfolio, making the stock its 11th largest position. Renaissance Group LLC owned 0.16% of Jabil worth $38,548,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of JBL. GFG Capital LLC acquired a new position in Jabil during the 2nd quarter worth $26,000. Traub Capital Management LLC purchased a new stake in shares of Jabil during the second quarter worth approximately $33,000. Assetmark Inc. increased its stake in shares of Jabil by 45.8% during the second quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock worth $34,000 after buying an additional 49 shares during the period. Westside Investment Management Inc. raised its holdings in Jabil by 757.1% in the second quarter. Westside Investment Management Inc. now owns 180 shares of the technology company’s stock valued at $39,000 after acquiring an additional 159 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Jabil by 45.4% in the second quarter. Hantz Financial Services Inc. now owns 189 shares of the technology company’s stock worth $41,000 after acquiring an additional 59 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Matthew Crowley sold 3,877 shares of the business’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 in the company, valued at $11,899,326.24. The trade was a 6.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP May Yee Yap sold 8,858 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $225.03, for a total value of $1,993,315.74. Following the sale, the senior vice president directly owned 25,421 shares of the company’s stock, valued at $5,720,487.63. The trade was a 25.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 131,762 shares of company stock valued at $27,886,321 in the last quarter. Corporate insiders own 1.73% of the company’s stock.

Jabil Stock Down 0.8%

Jabil stock opened at $198.93 on Wednesday. The stock has a 50-day simple moving average of $211.86 and a 200-day simple moving average of $203.94. The company has a market capitalization of $21.25 billion, a P/E ratio of 33.38, a PEG ratio of 1.58 and a beta of 1.26. 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 fifty-two week low of $108.66 and a fifty-two week high of $237.14.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Thursday, September 25th. The technology company reported $3.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.37. The company had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $7.63 billion. Jabil had a return on equity of 68.63% and a net margin of 2.20%.The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities research analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be given 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 is Monday, November 17th. Jabil’s dividend payout ratio (DPR) is presently 5.37%.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of recent analyst reports. Barclays increased their price objective on shares of Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. UBS Group set a $241.00 target price on Jabil in a report on Sunday, September 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jabil in a report on Tuesday, October 14th. Raymond James Financial set a $260.00 target price on Jabil in a research report on Thursday, September 25th. Finally, Wall Street Zen raised Jabil from a “buy” rating to a “strong-buy” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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).