Jabil, Inc. $JBL Stock: North Dakota State Investment Board Grows Holdings

North Dakota State Investment Board boosted its holdings in shares of Jabil, Inc. (NYSE:JBL) by 143.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,650 shares of the technology company’s stock after acquiring an additional 5,682 shares during the quarter. North Dakota State Investment Board’s holdings in Jabil were worth $2,768,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JBL. BlackRock Inc. bought a new stake in Jabil in the second quarter worth approximately $3,905,704,000. Primecap Management Co. CA bought a new position in shares of Jabil during the 2nd quarter valued at $1,220,861,000. Bank of America Corp DE bought a new position in shares of Jabil during the 2nd quarter valued at $447,882,000. Bank of New York Mellon Corp acquired a new stake in shares of Jabil in the 2nd quarter valued at $411,079,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Jabil by 844.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 741,680 shares of the technology company’s stock valued at $212,758,000 after purchasing an additional 663,178 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Trading Down 1.0%

Shares of JBL stock opened at $287.89 on Friday. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93. The company has a market cap of $29.64 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 0.87 and a beta of 1.30. The company has a quick ratio of 0.65, a current ratio of 0.99 and a debt-to-equity ratio of 1.78. The business’s 50 day moving average is $300.44 and its two-hundred day moving average is $306.54.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.35. The business had revenue of $10.62 billion during the quarter, compared to analysts’ expectations of $9.69 billion. Jabil had a net margin of 2.90% and a return on equity of 89.50%. Jabil’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.29 earnings per share. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. Equities analysts predict that Jabil, Inc. will post 16.53 EPS for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Monday, November 16th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, November 16th. Jabil’s dividend payout ratio (DPR) is 3.27%.

Analyst Ratings Changes

A number of brokerages recently issued reports on JBL. Zacks Research upgraded shares of Jabil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. UBS Group reaffirmed a “buy” rating on shares of Jabil in a research report on Thursday, October 8th. Argus reaffirmed a “buy” rating and issued a $475.00 price target on shares of Jabil in a research report on Thursday, October 1st. Finally, JPMorgan Chase & Co. upped their price target on Jabil from $425.00 to $430.00 and gave the stock an “overweight” rating in a research note on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $434.22.

Insiders Place Their Bets

In other Jabil news, SVP Gary Schick sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $277.16, for a total transaction of $277,160.00. Following the completion of the transaction, the senior vice president owned 37,314 shares of the company’s stock, valued at $10,341,948.24. The trade was a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.35% of the stock is currently owned by corporate insiders.

About Jabil

Jabil Inc is a global manufacturing services company that helps leading brands design, produce and manage the supply chains for a wide range of products. Its services include product design and engineering, electronics and mechanical manufacturing, assembly, testing, packaging, supply chain management and aftermarket services.

The company serves customers across several industries, including cloud and data center infrastructure, automotive, healthcare, mobility, consumer products, industrial technology and packaging.