Tobam cut its stake in Jabil, Inc. (NYSE:JBL – Free Report) by 79.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,026 shares of the technology company’s stock after selling 3,924 shares during the quarter. Tobam’s holdings in Jabil were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. GFG Capital LLC bought a new stake in shares of Jabil during the second quarter valued at approximately $26,000. Groupe la Francaise raised its position in Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after purchasing an additional 64 shares in the last quarter. Assetmark Inc. raised its position in Jabil by 45.8% in the second quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock worth $34,000 after purchasing an additional 49 shares in the last quarter. Westside Investment Management Inc. lifted its stake in Jabil by 757.1% during the second quarter. Westside Investment Management Inc. now owns 180 shares of the technology company’s stock worth $39,000 after purchasing an additional 159 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in Jabil by 45.4% during the second quarter. Hantz Financial Services Inc. now owns 189 shares of the technology company’s stock valued at $41,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on JBL. Zacks Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Barclays boosted their price objective on shares of Jabil from $223.00 to $267.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Raymond James Financial set a $260.00 price objective on Jabil in a research report on Thursday, September 25th. UBS Group set a $241.00 target price on Jabil in a research report on Sunday, September 28th. Finally, Wall Street Zen raised Jabil from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd. One 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.43.
Jabil Stock Down 3.8%
Shares of NYSE JBL opened at $211.02 on Wednesday. Jabil, Inc. has a 52-week low of $108.66 and a 52-week high of $237.14. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.66 and a current ratio of 1.00. The stock has a market cap of $22.54 billion, a P/E ratio of 35.41, a P/E/G ratio of 1.58 and a beta of 1.26. The firm has a 50 day moving average price of $212.30 and a 200 day moving average price of $201.98.
Jabil (NYSE:JBL – Get Free Report) last announced its quarterly earnings results on Thursday, September 25th. The technology company reported $1.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.93). Jabil had a return on equity of 68.63% and a net margin of 2.20%.The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $7.63 billion. During the same period in the prior year, the business earned $2.30 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. Jabil has set its Q1 2026 guidance at 2.470-2.870 EPS. FY 2026 guidance at 11.000-11.000 EPS. Analysts expect that Jabil, Inc. will post 8.05 EPS for the current year.
Jabil Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, November 17th. Jabil’s dividend payout ratio is 5.37%.
Insider Activity at Jabil
In other Jabil news, SVP Francis Mckay sold 2,526 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $224.47, for a total transaction of $567,011.22. Following the sale, the senior vice president directly owned 40,963 shares in the company, valued at approximately $9,194,964.61. This trade represents a 5.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Gregory B. Hebard sold 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $213.54, for a total transaction of $1,299,604.44. Following the completion of the transaction, the chief financial officer owned 58,526 shares of the company’s stock, valued at $12,497,642.04. This trade represents a 9.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 131,762 shares of company stock valued at $27,886,321 over the last 90 days. Insiders own 1.73% of the company’s stock.
Jabil Company 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).
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