Jabil, Inc. $JBL Stock Sold by James Investment Research Inc.

James Investment Research Inc. cut its stake in Jabil, Inc. (NYSE:JBL) by 7.2% in the third quarter, Holdings Channel.com reports. The firm owned 30,781 shares of the technology company’s stock after selling 2,403 shares during the quarter. Jabil makes up approximately 1.0% of James Investment Research Inc.’s investment portfolio, making the stock its 24th largest position. James Investment Research Inc.’s holdings in Jabil were worth $8,830,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in shares of Jabil in the 2nd quarter valued at about $25,000. Bell Investment Advisors Inc acquired a new position in shares of Jabil during the second quarter worth about $35,000. PenderFund Capital Management Ltd. acquired a new position in shares of Jabil during the second quarter worth about $44,000. Persistent Asset Partners Ltd bought a new position in shares of Jabil during the second quarter worth about $45,000. Finally, Jones Financial Companies Lllp bought a new position in shares of Jabil during the second quarter worth about $46,000. Institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In other news, SVP Gary Schick sold 1,000 shares of Jabil stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $277.16, for a total value 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. This trade represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.35% of the stock is currently owned by company insiders.

Jabil Trading Up 2.5%

Shares of Jabil stock opened at $274.12 on Friday. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93. The stock has a market cap of $28.73 billion, a P/E ratio of 28.03, a P/E/G ratio of 0.80 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 $304.50 and its 200-day moving average is $328.72.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, beating the consensus estimate 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%. The firm’s revenue was up 28.6% on a year-over-year basis. During the same period last year, the business 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 research analysts predict that Jabil, Inc. will post 16.53 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.