California State Teachers Retirement System Purchases 32,646 Shares of Jabil, Inc. $JBL

California State Teachers Retirement System increased its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 26.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 155,361 shares of the technology company's stock after purchasing an additional 32,646 shares during the quarter. California State Teachers Retirement System owned approximately 0.15% of Jabil worth $59,888,558 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have 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 valued at $1,436,000 after purchasing an additional 31 shares during the period. Assetmark Inc. raised its position in Jabil by 10.6% in the 1st quarter. Assetmark Inc. now owns 344 shares of the technology company's stock worth $91,000 after purchasing an additional 33 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Jabil by 11.1% in the first quarter. Root Financial Partners LLC now owns 432 shares of the technology company's stock valued at $115,000 after purchasing an additional 43 shares in the last quarter. Cidel Asset Management Inc. increased its holdings in shares of Jabil by 4.8% in the first quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company's stock valued at $263,000 after purchasing an additional 45 shares during the last quarter. Finally, Trustmark Bank Trust Department lifted its stake in Jabil by 0.7% during the second quarter. Trustmark Bank Trust Department now owns 7,123 shares of the technology company's stock worth $2,746,000 after purchasing an additional 49 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Matthew Crowley sold 94 shares of the company'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 $19,849,920. This represents a 0.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.35% of the company's stock.

Jabil Price Performance

JBL traded down $2.15 on Tuesday, reaching $296.56. The stock had a trading volume of 385,004 shares, compared to its average volume of 1,182,893. Jabil, Inc. has a fifty-two week low of $189.60 and a fifty-two week high of $428.93. The company has a market capitalization of $31.08 billion, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 0.72 and a beta of 1.29. The firm has a 50-day moving average of $320.77 and a 200-day moving average of $321.57. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Wednesday, June 17th. The technology company reported $3.16 earnings per share for the quarter, beating analysts' consensus estimates of $3.10 by $0.06. The business 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 period last year, the firm posted $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, sell-side analysts anticipate that Jabil, Inc. will post 11.71 EPS for the current year.

Jabil Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have issued reports on JBL shares. Bank of America reiterated a "buy" rating and issued a $470.00 target price on shares of Jabil in a research note on Thursday, June 18th. UBS Group raised Jabil from a "neutral" rating to a "buy" rating and set a $430.00 price target on the stock in a research report on Tuesday, August 11th. Zacks Research lowered shares of Jabil from a "strong-buy" rating to a "hold" rating in a report on Monday, August 17th. Stifel Nicolaus set a $460.00 target price on Jabil and gave the stock a "buy" rating in a research report on Thursday, June 18th. Finally, Robert W. Baird lifted their price target on Jabil from $355.00 to $440.00 and gave the company an "outperform" rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $441.78.

Jabil Company Profile

Jabil Inc is a global manufacturing and technology solutions provider that helps companies design, manufacture and manage products across their lifecycles. Its services include product and process engineering, supply-chain management, procurement, manufacturing, assembly, testing, packaging and aftermarket services.

The company supports customers in a range of industries, including cloud and data infrastructure, automotive, healthcare, connected devices, consumer products, energy and industrial applications.

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