Allspring Global Investments Holdings LLC Has $35.20 Million Stake in Jabil, Inc. $JBL

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in Jabil, Inc. by 1.8%, now holding approximately 162,844 shares valued at $35.20 million.
• For the latest quarter, Jabil reported an EPS of $1.99, missing analyst estimates by $0.93, while revenue increased 18.5% year-over-year to $8.30 billion.
• Jabil's stock price has increased by 3.2% and currently has a market capitalization of $22.21 billion with a price-to-earnings ratio of 34.73.

Allspring Global Investments Holdings LLC reduced its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 162,844 shares of the technology company's stock after selling 2,967 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.15% of Jabil worth $35,197,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of Jabil by 12.9% in the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company's stock valued at $892,096,000 after purchasing an additional 747,423 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Jabil by 15.7% in the first quarter. JPMorgan Chase & Co. now owns 2,173,095 shares of the technology company's stock valued at $295,693,000 after purchasing an additional 295,496 shares during the last quarter. Northern Trust Corp grew its position in shares of Jabil by 8.3% in the first quarter. Northern Trust Corp now owns 1,384,364 shares of the technology company's stock valued at $188,370,000 after purchasing an additional 105,632 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Jabil by 119.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company's stock valued at $165,417,000 after purchasing an additional 662,938 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Jabil by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 1,118,282 shares of the technology company's stock valued at $152,165,000 after purchasing an additional 37,201 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Stock Up 3.2%

Shares of JBL opened at $207.00 on Thursday. The stock has a market cap of $22.21 billion, a price-to-earnings ratio of 34.73, a P/E/G ratio of 1.42 and a beta of 1.26. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 1.57. Jabil, Inc. has a 12 month low of $108.66 and a 12 month high of $237.14. The company has a 50-day moving average price of $212.24 and a two-hundred day moving average price of $190.08.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Thursday, September 25th. The technology company reported $1.99 EPS for the quarter, missing analysts' consensus estimates of $2.92 by ($0.93). The business had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $7.63 billion. Jabil had a return on equity of 68.63% and a net margin of 2.20%.The firm's revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.30 EPS. Jabil has set its Q1 2026 guidance at 2.470-2.870 EPS. FY 2026 guidance at 11.000-11.000 EPS. Equities analysts predict that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Insider Activity

In related news, EVP Frederic E. Mccoy sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $223.55, for a total value of $1,005,975.00. Following the completion of the transaction, the executive vice president owned 124,203 shares in the company, valued at $27,765,580.65. The trade was a 3.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $214.84, for a total transaction of $4,296,800.00. Following the completion of the transaction, the chairman owned 1,380,190 shares of the company's stock, valued at $296,520,019.60. This trade represents a 1.43% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,416 shares of company stock worth $18,367,889. 1.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price target on Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Bank of America increased their target price on shares of Jabil from $245.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, September 26th. Wall Street Zen upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. increased their target price on shares of Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Stifel Nicolaus started coverage on shares of Jabil in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $248.43.

About Jabil

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.