4,025 Jabil, Inc. $JBL Shares Sold by Titan Investment Management LLC

Key Points

• Titan Investment Management reduced its Jabil stake by 27.9% in the third quarter, selling 4,025 shares and retaining 10,407 shares valued at approximately $2.99 million.
• Jabil shares opened at $266.94, down 5%, and remain well below their 52-week high of $428.93. Institutional investors and hedge funds own 93.39% of the company.
• Despite the share-price decline, Jabil reported quarterly earnings of $4.40 per share and revenue of $10.62 billion, beating estimates; analysts maintain a consensus “Buy” rating with a $434.22 price target.

Titan Investment Management LLC decreased its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 27.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,407 shares of the technology company's stock after selling 4,025 shares during the period. Jabil accounts for about 2.2% of Titan Investment Management LLC's portfolio, making the stock its 14th biggest position. Titan Investment Management LLC's holdings in Jabil were worth $2,985,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new stake in shares of Jabil in the 1st quarter valued at about $1,333,000. Deutsche Bank AG purchased a new stake in shares of Jabil in the second quarter worth approximately $207,874,000. Assenagon Asset Management S.A. raised its stake in shares of Jabil by 844.8% in the third quarter. Assenagon Asset Management S.A. now owns 741,680 shares of the technology company's stock worth $212,758,000 after purchasing an additional 663,178 shares during the last quarter. Mizuho Markets Americas LLC purchased a new stake in shares of Jabil in the first quarter worth approximately $14,610,000. Finally, Royal Bank of Canada lifted its holdings in shares of Jabil by 3.1% in the first quarter. Royal Bank of Canada now owns 159,761 shares of the technology company's stock valued at $42,436,000 after purchasing an additional 4,747 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Wall Street Analyst Weigh In

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

Jabil Trading Down 5.0%

NYSE:JBL opened at $266.94 on Friday. Jabil, Inc. has a 52 week low of $189.60 and a 52 week high of $428.93. The firm has a 50-day moving average price of $306.29 and a two-hundred day moving average price of $329.11. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.65 and a current ratio of 0.99. The firm has a market cap of $27.97 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 0.84 and a beta of 1.30.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results 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 firm had revenue of $10.62 billion for the quarter, compared to the consensus estimate of $9.69 billion. Jabil had a return on equity of 89.50% and a net margin of 2.90%. The company's revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.29 EPS. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. On average, equities analysts expect that Jabil, Inc. will post 16.53 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

Insider Activity

In other news, SVP Gary Schick sold 1,000 shares of Jabil stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $277.16, for a total transaction of $277,160.00. Following the sale, the senior vice president directly owned 37,314 shares in the company, valued at $10,341,948.24. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.35% of the stock is currently owned by corporate insiders.

Jabil Company 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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.