5,682 Jabil, Inc. $JBL Shares Acquired by North Dakota State Investment Board

Key Points

• North Dakota State Investment Board increased its Jabil stake by 143.2% in the third quarter, purchasing 5,682 additional shares for a total of 9,650 shares valued at approximately $2.77 million.
• Jabil reported quarterly earnings of $4.40 per share, beating estimates of $4.05, while revenue rose 28.6% year over year to $10.62 billion. Institutional investors collectively own 93.39% of the company.
• Analysts maintain a consensus “Buy” rating with an average price target of $434.22, despite recent target reductions from Goldman Sachs and Barclays; Jabil also declared a quarterly dividend of $0.08 per share.

North Dakota State Investment Board lifted its stake in Jabil, Inc. (NYSE:JBL - Free Report) by 143.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,650 shares of the technology company's stock after purchasing an additional 5,682 shares during the quarter. North Dakota State Investment Board's holdings in Jabil were worth $2,768,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of JBL. BlackRock Inc. purchased a new stake in Jabil during the second quarter valued at about $3,905,704,000. Primecap Management Co. CA acquired a new position in shares of Jabil in the second quarter worth about $1,220,861,000. Bank of America Corp DE acquired a new position in shares of Jabil in the second quarter worth about $447,882,000. Bank of New York Mellon Corp purchased a new position in shares of Jabil in the second quarter worth approximately $411,079,000. Finally, Assenagon Asset Management S.A. increased its position 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 acquiring an additional 663,178 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Trading Down 1.0%

Shares of NYSE JBL opened at $287.89 on Friday. Jabil, Inc. has a one year low of $189.60 and a one year high of $428.93. The firm has a market capitalization of $29.64 billion, a PE ratio of 29.44, a PEG ratio of 0.87 and a beta of 1.30. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 1.78. The business has a 50-day moving average price of $300.44 and a two-hundred day moving average price of $306.54.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.35. The company 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 firm's quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, analysts predict that Jabil, Inc. will post 16.53 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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

Insiders Place Their Bets

In other Jabil news, SVP Gary Schick sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $277.16, for a total value of $277,160.00. Following the transaction, the senior vice president owned 37,314 shares in the company, valued at approximately $10,341,948.24. This represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.35% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on JBL. The Goldman Sachs Group cut their price target on shares of Jabil from $482.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, September 8th. Zacks Research raised shares of Jabil from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 7th. Argus reiterated a "buy" rating and set a $475.00 price objective on shares of Jabil in a research report on Thursday, October 1st. UBS Group reissued a "buy" rating on shares of Jabil in a research note on Thursday, October 8th. Finally, Barclays cut their target price on shares of Jabil from $426.00 to $378.00 and set an "overweight" rating on the stock in a research note on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $434.22.

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.

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