11,178 Jabil, Inc. $JBL Shares Sold by Hennessy Advisors Inc.

Key Points

• Hennessy Advisors reduced its Jabil position by 23.8%, selling 11,178 shares and retaining 35,811 shares worth approximately $10.3 million. Institutional investors and hedge funds collectively own 93.39% of Jabil.
• Jabil exceeded quarterly expectations, reporting $4.40 in EPS versus a $4.05 consensus and $10.62 billion in revenue, up 28.6% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $434.22.
• Jabil’s shares opened at $272.23, well below their 12-month high of $428.93. The company also declared a quarterly dividend of $0.08 per share, while executives recently disclosed sales of company stock.

Hennessy Advisors Inc. decreased its position in Jabil, Inc. (NYSE:JBL - Free Report) by 23.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,811 shares of the technology company's stock after selling 11,178 shares during the period. Hennessy Advisors Inc.'s holdings in Jabil were worth $10,273,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Jabil during the 2nd quarter valued at $3,905,704,000. Primecap Management Co. CA purchased a new position in shares of Jabil in the second quarter worth about $1,220,861,000. Bank of America Corp DE purchased a new position in Jabil in the 2nd quarter valued at approximately $447,882,000. Bank of New York Mellon Corp bought a new stake in shares of Jabil during the 2nd quarter valued at $411,079,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Jabil by 844.8% during the third quarter. Assenagon Asset Management S.A. now owns 741,680 shares of the technology company's stock valued at $212,758,000 after buying an additional 663,178 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JBL. JPMorgan Chase & Co. raised their price target on Jabil from $425.00 to $430.00 and gave the company an "overweight" rating in a report on Thursday, October 1st. UBS Group reiterated a "buy" rating on shares of Jabil in a report on Thursday, October 8th. Argus restated a "buy" rating and issued a $475.00 price objective on shares of Jabil in a research report on Thursday, October 1st. The Goldman Sachs Group reduced their price objective on shares of Jabil from $482.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, September 8th. Finally, Barclays reduced their target price on Jabil from $426.00 to $378.00 and set an "overweight" rating on the stock in a report on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company's stock. According to data from MarketBeat, Jabil presently has an average rating of "Buy" and an average target price of $434.22.

Jabil Stock Performance

JBL stock opened at $272.23 on Monday. The stock has a market capitalization of $28.03 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 0.82 and a beta of 1.35. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 1.78. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93. The stock's 50 day simple moving average is $299.55 and its 200 day simple moving average is $306.75.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.35. Jabil had a net margin of 2.90% and a return on equity of 89.50%. The company had revenue of $10.62 billion for the quarter, compared to analysts' expectations of $9.69 billion. During the same quarter last year, the company posted $3.29 earnings per share. The firm's quarterly revenue 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 forecast that Jabil, Inc. will post 16.53 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Monday, November 16th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, November 16th. Jabil's dividend payout ratio is currently 3.27%.

More Jabil News

Here are the key news stories impacting Jabil this week:

• Positive Sentiment: Sell-side analysts have newly assigned a “Buy” rating to Jabil, providing additional support for the stock’s investment case. Jabil Stock Now Rated Buy by Sell-Side Analysts
• Positive Sentiment: The average Wall Street price target implies approximately 46% potential upside. The article also points to positive earnings-estimate revisions, although price targets are not always reliable predictors of performance. Jabil Potential Rally and Wall Street Price Targets
• Neutral Sentiment: Jabil and Viavi are both benefiting from growing AI-infrastructure spending. The comparison highlights differences in growth, valuation and stock performance, suggesting investors are weighing Jabil’s AI exposure against competing opportunities. Jabil Versus Viavi AI Infrastructure Comparison
• Negative Sentiment: The stock has declined since its earnings release, indicating that investors may be taking profits or focusing on forward guidance and valuation despite Jabil’s recent earnings beat and strong revenue growth. Why Jabil Is Down Since Its Earnings Report
• Negative Sentiment: EVP Matthew Crowley sold 3,922 shares at an average of $290, reducing his position by 5.82%. A separate report also disclosed his sale of 473 shares at $273.97. Insider selling does not necessarily signal deteriorating fundamentals, but it can weigh on sentiment. Matthew Crowley Jabil Insider Transactions

Insider Activity at Jabil

In other news, SVP Gary Schick sold 1,000 shares of Jabil 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 transaction, the senior vice president owned 37,314 shares in the company, 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 through this hyperlink. Also, EVP Matthew Crowley sold 3,922 shares of the business's stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $290.00, for a total transaction of $1,137,380.00. Following the sale, the executive vice president directly owned 63,410 shares of the company's stock, valued at approximately $18,388,900. The trade was a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is currently owned by company insiders.

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.

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