Robeco Institutional Asset Management B.V. Sells 176,188 Shares of Jabil, Inc. $JBL

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Jabil, Inc. (NYSE:JBL) by 18.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 767,829 shares of the technology company’s stock after selling 176,188 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.73% of Jabil worth $220,259,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Rakuten Securities Inc. acquired a new stake in Jabil in the 2nd quarter valued at approximately $25,000. Bell Investment Advisors Inc acquired a new position in shares of Jabil during the second quarter worth approximately $35,000. PenderFund Capital Management Ltd. acquired a new position in shares of Jabil during the second quarter worth approximately $44,000. Persistent Asset Partners Ltd bought a new stake in shares of Jabil in the second quarter valued at approximately $45,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Jabil in the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Jabil from $482.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, September 8th. UBS Group reiterated a “buy” rating on shares of Jabil in a research note on Thursday, October 8th. Argus reiterated a “buy” rating and set a $475.00 target price on shares of Jabil in a research note on Thursday, October 1st. Zacks Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Finally, Weiss Ratings lowered shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat, Jabil presently has an average rating of “Buy” and a consensus price target of $434.22.

Jabil Trading Down 1.8%

Shares of JBL opened at $276.92 on Wednesday. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93. 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 firm has a market capitalization of $29.02 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 0.85 and a beta of 1.30. The stock’s 50-day moving average price is $310.08 and its 200 day moving average price is $329.03.

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

Jabil Profile

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.