BlackRock Inc. acquired a new position in shares of Jabil, Inc. (NYSE:JBL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,132,052 shares of the technology company's stock, valued at approximately $3,905,704,000. BlackRock Inc. owned about 9.67% of Jabil at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in JBL. Empirical Finance LLC raised its stake in shares of Jabil by 0.6% during the first quarter. Empirical Finance LLC now owns 5,405 shares of the technology company's stock worth $1,436,000 after buying an additional 31 shares during the last quarter. Assetmark Inc. boosted its stake in Jabil by 10.6% in the first quarter. Assetmark Inc. now owns 344 shares of the technology company's stock valued at $91,000 after acquiring an additional 33 shares during the last quarter. PenderFund Capital Management Ltd. grew its holdings in Jabil by 3.3% during the 4th quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company's stock worth $287,000 after acquiring an additional 40 shares during the period. Root Financial Partners LLC raised its position in shares of Jabil by 11.1% during the 1st quarter. Root Financial Partners LLC now owns 432 shares of the technology company's stock valued at $115,000 after acquiring an additional 43 shares during the last quarter. Finally, Cidel Asset Management Inc. raised its position in shares of Jabil by 4.8% during the 1st quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company's stock valued at $263,000 after acquiring an additional 45 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.
Jabil Stock Performance
Shares of JBL stock opened at $338.93 on Wednesday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.66 and a current ratio of 0.98. Jabil, Inc. has a 52 week low of $189.60 and a 52 week high of $428.93. The company's 50 day moving average price is $343.54 and its two-hundred day moving average price is $314.32. The company has a market capitalization of $35.52 billion, a P/E ratio of 42.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.30.
Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 17th. The technology company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.06. The company had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.61 billion. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The firm's revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. On average, analysts expect that Jabil, Inc. will post 11.71 earnings per share for the current fiscal year.
Jabil Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th. Jabil's dividend payout ratio (DPR) is currently 4.00%.
Analysts Set New Price Targets
Several research firms have recently issued reports on JBL. Raymond James Financial raised their price target on Jabil from $425.00 to $450.00 and gave the stock a "strong-buy" rating in a research report on Thursday, June 18th. Robert W. Baird increased their target price on Jabil from $355.00 to $440.00 and gave the company an "outperform" rating in a research note on Thursday, June 18th. Zacks Research upgraded Jabil from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. boosted their target price on Jabil from $395.00 to $450.00 and gave the stock an "overweight" rating in a research report on Thursday, June 18th. Finally, Weiss Ratings cut Jabil from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. Based on data from MarketBeat, Jabil presently has a consensus rating of "Buy" and an average target price of $453.67.
Read Our Latest Stock Analysis on Jabil
Insider Buying and Selling
In other Jabil news, EVP Matthew Crowley sold 94 shares of the business's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $345.00, for a total value of $32,430.00. Following the sale, the executive vice president owned 57,536 shares in the company, valued at approximately $19,849,920. The trade was a 0.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.35% of the company's stock.
Jabil Profile
(
Free Report)
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.
Further Reading
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