California State Teachers Retirement System Purchases 59,765,843 Shares of Jabil, Inc. $JBL

Key Points

• California State Teachers Retirement System increased its Jabil position by 48,703%, purchasing 59.77 million additional shares and bringing its ownership to approximately 57.15% of the company.
• Jabil reported quarterly adjusted earnings of $3.16 per share and revenue of $8.75 billion, exceeding analyst expectations; revenue rose 11.8% year over year.
• Analysts remain broadly bullish, with an average “Buy” rating and a $453.67 price target, while Jabil shares recently traded at $310.50.

California State Teachers Retirement System raised its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 48,703.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,888,558 shares of the technology company's stock after purchasing an additional 59,765,843 shares during the period. California State Teachers Retirement System owned about 57.15% of Jabil worth $23,085,841,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Jabil during the second quarter valued at approximately $3,905,704,000. State Street Corp boosted its position in Jabil by 0.7% during the 3rd quarter. State Street Corp now owns 5,199,646 shares of the technology company's stock valued at $1,129,207,000 after acquiring an additional 36,646 shares in the last quarter. Primecap Management Co. CA boosted its position in Jabil by 0.4% during the 4th quarter. Primecap Management Co. CA now owns 3,343,670 shares of the technology company's stock valued at $762,424,000 after acquiring an additional 12,600 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Jabil by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company's stock valued at $661,783,000 after acquiring an additional 42,422 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Jabil by 45.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company's stock valued at $429,714,000 after acquiring an additional 591,364 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Trading Down 0.0%

Jabil stock opened at $310.50 on Tuesday. The stock has a 50-day moving average price of $325.59 and a 200 day moving average price of $320.02. The company has a market capitalization of $32.54 billion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 0.70 and a beta of 1.29. Jabil, Inc. has a 52 week low of $189.60 and a 52 week high of $428.93. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 2.17.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 17th. The technology company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.06. The company had revenue of $8.75 billion for 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%. Jabil's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.55 EPS. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. Sell-side analysts anticipate that Jabil, Inc. will post 11.71 EPS for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, August 14th. Jabil's payout ratio is 4.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JBL. The Goldman Sachs Group upped their price objective on Jabil from $384.00 to $482.00 and gave the stock a "buy" rating in a research note on Thursday, June 18th. UBS Group upgraded Jabil from a "neutral" rating to a "buy" rating and set a $430.00 target price on the stock in a research note on Tuesday, August 11th. JPMorgan Chase & Co. boosted their target price on shares of Jabil from $395.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, June 18th. Barclays raised their price target on shares of Jabil from $304.00 to $426.00 and gave the company an "overweight" rating in a report on Thursday, June 18th. Finally, Bank of America reaffirmed a "buy" rating and issued a $470.00 price objective on shares of Jabil in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Jabil currently has an average rating of "Buy" and an average price target of $453.67.

Insider Activity at Jabil

In related news, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $345.00, for a total transaction of $32,430.00. Following the completion of the transaction, the executive vice president directly owned 57,536 shares in the company, valued at approximately $19,849,920. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.35% of the stock is owned by insiders.

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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