Corient Private Wealth LP Decreases Stake in Jabil, Inc. $JBL

Key Points

• Corient Private Wealth reduced its Jabil stake by 21.4% in the second quarter, selling 15,571 shares and retaining 57,293 shares worth approximately $22.1 million. Institutional investors collectively own 93.39% of Jabil.
• Analysts remain broadly positive, with Jabil carrying a consensus “Buy” rating and an average price target of $441.78; several firms recently raised their targets to between $426 and $475.
• Jabil reported quarterly revenue of $8.75 billion and adjusted EPS of $3.16, exceeding estimates while revenue increased 11.8% year over year. Shares opened at $298.83, down 6.1%, and the company continues to pay a quarterly dividend of $0.08.

Corient Private Wealth LP lowered its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 21.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,293 shares of the technology company's stock after selling 15,571 shares during the period. Corient Private Wealth LP owned 0.05% of Jabil worth $22,085,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in JBL. Rakuten Securities Inc. purchased a new position in Jabil during the second quarter worth about $25,000. Bell Investment Advisors Inc acquired a new position in shares of Jabil in the second quarter worth $35,000. Leonteq Securities AG purchased a new stake in Jabil during the 4th quarter worth about $42,000. PenderFund Capital Management Ltd. purchased a new stake in shares of Jabil during the second quarter worth approximately $44,000. Finally, Persistent Asset Partners Ltd acquired a new stake in shares of Jabil in the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Activity

In related news, EVP Matthew Crowley sold 94 shares of the stock in a transaction dated Monday, July 6th. The shares were 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 of the company's stock, valued at $19,849,920. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.35% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on JBL. Robert W. Baird raised their target price on Jabil from $355.00 to $440.00 and gave the stock an "outperform" rating in a research report on Thursday, June 18th. Argus set a $475.00 target price on shares of Jabil in a research note on Thursday, June 18th. Barclays increased their price target on Jabil from $304.00 to $426.00 and gave the stock an "overweight" rating in a report on Thursday, June 18th. Zacks Research lowered Jabil from a "strong-buy" rating to a "hold" rating in a report on Monday, August 17th. Finally, Raymond James Financial upped their price target on shares of Jabil from $425.00 to $450.00 and gave the stock a "strong-buy" rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $441.78.

Jabil Stock Down 6.1%

Shares of NYSE JBL opened at $298.83 on Tuesday. The company has a market cap of $31.31 billion, a P/E ratio of 37.31, a P/E/G ratio of 0.72 and a beta of 1.29. 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, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93. The stock has a fifty day moving average price of $320.77 and a 200 day moving average price of $321.57.

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

Jabil Dividend Announcement

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

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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