ARGA Investment Management LP Sells 4,058 Shares of Jabil, Inc. $JBL

Key Points

• ARGA Investment Management LP has reduced its stake in Jabil, Inc. by 42.8%, selling 4,058 shares and now owning 5,434 shares valued at $1,185,000.
• Jabil stock saw analysts raise their price targets, with JPMorgan Chase increasing it from $214 to $256, reflecting a strong outlook for the company's performance.
• The company recently announced a quarterly dividend of $0.08 per share, set to be paid on December 2, indicating a 0.2% dividend yield and a payout ratio of 5.37%.

ARGA Investment Management LP reduced its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 42.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,434 shares of the technology company's stock after selling 4,058 shares during the period. ARGA Investment Management LP's holdings in Jabil were worth $1,185,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. lifted its stake in shares of Jabil by 5.4% in the 2nd quarter. Mather Group LLC. now owns 1,186 shares of the technology company's stock valued at $259,000 after purchasing an additional 61 shares during the period. UMB Bank n.a. raised its holdings in Jabil by 2.9% in the second quarter. UMB Bank n.a. now owns 2,191 shares of the technology company's stock worth $478,000 after purchasing an additional 62 shares during the period. Groupe la Francaise boosted its position in shares of Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after purchasing an additional 64 shares in the last quarter. Keeley Teton Advisors LLC boosted its position in shares of Jabil by 0.3% during the first quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company's stock worth $3,456,000 after purchasing an additional 64 shares in the last quarter. Finally, Activest Wealth Management grew its holdings in shares of Jabil by 31.8% in the 2nd quarter. Activest Wealth Management now owns 278 shares of the technology company's stock valued at $61,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Transactions at Jabil

In other news, EVP Matthew Crowley sold 3,877 shares of the firm's stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $202.59, for a total value of $785,441.43. Following the completion of the sale, the executive vice president directly owned 58,736 shares of the company's stock, valued at $11,899,326.24. This trade represents a 6.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Mark T. Mondello sold 40,000 shares of Jabil stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $207.77, for a total value of $8,310,800.00. Following the transaction, the chairman owned 1,258,942 shares of the company's stock, valued at $261,570,379.34. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,533 shares of company stock worth $22,336,025. 1.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

JBL has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Wall Street Zen upgraded Jabil from a "buy" rating to a "strong-buy" rating in a research report on Friday, October 3rd. Bank of America raised their target price on shares of Jabil from $245.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, September 26th. UBS Group set a $241.00 price target on shares of Jabil in a report on Sunday, September 28th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Jabil in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $248.43.

Jabil Stock Performance

JBL opened at $206.46 on Friday. The business's 50-day simple moving average is $210.14 and its 200 day simple moving average is $193.23. Jabil, Inc. has a 52-week low of $108.66 and a 52-week high of $237.14. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.66 and a current ratio of 1.00. The firm has a market capitalization of $22.06 billion, a PE ratio of 34.64, a PEG ratio of 1.41 and a beta of 1.26.

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

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, November 17th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Jabil's payout ratio is currently 5.37%.

Jabil Company Profile

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).

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