Bank of New York Mellon Corp Buys New Stake in Jabil, Inc. $JBL

Key Points

• Bank of New York Mellon initiated a sizable Jabil position, purchasing 1.07 million shares worth approximately $411.1 million, equivalent to about 1.02% of the company. Institutional investors collectively own 93.39% of Jabil.
• Jabil’s latest quarterly results exceeded expectations, with adjusted EPS of $3.16 versus the $3.10 consensus and revenue of $8.75 billion, up 11.8% year over year.
• Despite recent trading at $312.91, analysts maintain a “Buy” consensus with an average price target of $453.67; Jabil also announced a quarterly dividend of $0.08 per share.

Bank of New York Mellon Corp bought a new position in shares of Jabil, Inc. (NYSE:JBL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,066,408 shares of the technology company's stock, valued at approximately $411,079,000. Bank of New York Mellon Corp owned about 1.02% of Jabil at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JBL. Integrated Wealth Concepts LLC increased its position in Jabil by 34.4% during the first quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company's stock worth $382,000 after acquiring an additional 720 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Jabil by 70.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company's stock valued at $2,493,000 after buying an additional 7,602 shares during the period. Focus Partners Wealth grew its position in Jabil by 20.0% during the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company's stock worth $676,000 after buying an additional 829 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Jabil by 50.0% during the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company's stock valued at $79,000 after acquiring an additional 194 shares during the period. Finally, Jump Financial LLC bought a new position in Jabil during the second quarter valued at about $488,000. 93.39% of the stock is currently owned by institutional investors.

Jabil Trading Down 1.2%

JBL opened at $312.91 on Friday. Jabil, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93. The stock has a market capitalization of $32.79 billion, a PE ratio of 39.06, a PEG ratio of 0.95 and a beta of 1.30. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17. The firm has a 50-day moving average price of $340.28 and a two-hundred day moving average price of $315.41.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Wednesday, June 17th. The technology company reported $3.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.10 by $0.06. The company had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.61 billion. Jabil had a net margin of 2.57% and a return on equity of 83.93%. Jabil's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.55 earnings per share. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. As a group, equities analysts anticipate that Jabil, Inc. will post 11.71 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil's dividend payout ratio is presently 4.00%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Barclays raised their price objective on Jabil from $304.00 to $426.00 and gave the stock an "overweight" rating in a research report on Thursday, June 18th. Weiss Ratings cut Jabil from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price target on shares of Jabil from $395.00 to $450.00 and gave the stock an "overweight" rating in a research note on Thursday, June 18th. Stifel Nicolaus set a $460.00 price target on shares of Jabil and gave the company a "buy" rating in a report on Thursday, June 18th. Finally, Zacks Research cut shares of Jabil from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $453.67.

Insider Transactions at Jabil

In related news, EVP Matthew Crowley sold 94 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total transaction of $32,430.00. Following the completion of the sale, the executive vice president directly owned 57,536 shares of the company's stock, valued at $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.35% of the company's stock.

Jabil Company Profile

Jabil Inc NYSE: JBL is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil's expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.

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