Western Wealth Management LLC acquired a new stake in Jabil, Inc. (NYSE:JBL – Free Report) in the first quarter, HoldingsChannel.com reports. The firm acquired 5,018 shares of the technology company’s stock, valued at approximately $1,333,000.
Several other institutional investors have also recently added to or reduced their stakes in JBL. Empirical Finance LLC lifted its position in Jabil by 0.6% during the first quarter. Empirical Finance LLC now owns 5,405 shares of the technology company’s stock worth $1,436,000 after buying an additional 31 shares during the period. Assetmark Inc. grew its holdings in Jabil by 10.6% in the 1st quarter. Assetmark Inc. now owns 344 shares of the technology company’s stock valued at $91,000 after buying an additional 33 shares during the period. PenderFund Capital Management Ltd. increased its stake in shares of Jabil by 3.3% during the 4th quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company’s stock valued at $287,000 after acquiring an additional 40 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of Jabil by 11.1% during the 1st quarter. Root Financial Partners LLC now owns 432 shares of the technology company’s stock valued at $115,000 after acquiring an additional 43 shares during the last quarter. Finally, Cidel Asset Management Inc. lifted its holdings in shares of Jabil by 4.8% during the 1st quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company’s stock worth $263,000 after acquiring an additional 45 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
JBL has been the subject of several research analyst reports. UBS Group upped their price target on shares of Jabil from $380.00 to $430.00 and gave the stock a “neutral” 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. Weiss Ratings upgraded Jabil from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Barclays boosted their price target on Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Finally, Argus set a $475.00 price objective on Jabil in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Jabil has an average rating of “Buy” and a consensus target price of $453.67.
Insider Transactions at Jabil
In other Jabil news, EVP Matthew Crowley sold 94 shares of the 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 sale, the executive vice president owned 57,536 shares of the company’s stock, valued at $19,849,920. This trade represents 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 the SEC website. 1.35% of the stock is owned by company insiders.
Jabil Trading Up 1.9%
Shares of JBL opened at $314.49 on Friday. The stock’s 50-day moving average is $347.90 and its two-hundred day moving average is $305.09. The stock has a market cap of $32.96 billion, a PE ratio of 39.26, a P/E/G ratio of 0.94 and a beta of 1.28. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66.
Jabil (NYSE:JBL – Get Free Report) last issued its earnings results on Wednesday, June 17th. The technology company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.06. Jabil had a return on equity of 83.93% and a net margin of 2.57%.The company had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter in the prior year, the business earned $2.55 earnings per share. The company’s revenue 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. Equities analysts forecast that Jabil, Inc. will post 11.71 earnings per share for the current fiscal year.
Jabil Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, August 14th. Jabil’s dividend payout ratio is currently 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.
Featured Articles
- Five stocks we like better than Jabil
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
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.
