Gabelli Funds LLC Sells 2,864 Shares of Jabil, Inc. $JBL

Gabelli Funds LLC lessened its holdings in Jabil, Inc. (NYSE:JBL) by 23.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,435 shares of the technology company’s stock after selling 2,864 shares during the period. Gabelli Funds LLC’s holdings in Jabil were worth $2,506,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its holdings in Jabil by 0.7% during the third quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock valued at $1,129,207,000 after buying an additional 36,646 shares during the period. Primecap Management Co. CA lifted its holdings in Jabil by 0.4% during the fourth quarter. Primecap Management Co. CA now owns 3,343,670 shares of the technology company’s stock worth $762,424,000 after buying an additional 12,600 shares during the period. Geode Capital Management LLC boosted its position in Jabil by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock valued at $661,783,000 after acquiring an additional 42,422 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Jabil by 45.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock valued at $429,714,000 after acquiring an additional 591,364 shares during the period. Finally, Norges Bank bought a new position in shares of Jabil in the 4th quarter worth $407,299,000. 93.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on JBL. JPMorgan Chase & Co. raised their price objective on Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Zacks Research raised Jabil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 2nd. Barclays raised their price target on shares of Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Bank of America reaffirmed a “buy” rating and set a $470.00 target price on shares of Jabil in a report on Thursday, June 18th. Finally, Stifel Nicolaus set a $460.00 price target on shares of Jabil and gave the company a “buy” rating in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $453.67.

Insider Transactions at Jabil

In related news, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the completion of the transaction, the executive vice president owned 57,536 shares in the company, valued at $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.35% of the stock is owned by corporate insiders.

Jabil Stock Performance

Shares of Jabil stock opened at $287.27 on Thursday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.66 and a current ratio of 0.98. The company has a market cap of $30.10 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 0.91 and a beta of 1.28. The business’s 50 day moving average price is $349.86 and its 200 day moving average price is $304.44. Jabil, Inc. has a one year low of $189.60 and a one year high of $428.93.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.10 by $0.06. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The firm had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.61 billion. During the same period in the prior year, the business posted $2.55 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. On average, research analysts predict that Jabil, Inc. will post 11.71 EPS for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio (DPR) is 4.00%.

Jabil Profile

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.