Engineers Gate Manager LP Boosts Stock Position in Jabil, Inc. $JBL

Key Points

• Engineers Gate Manager LP increased its Jabil stake by 162% in the second quarter, owning 122,011 shares valued at approximately $47 million. Institutional investors collectively hold 93.39% of Jabil’s outstanding stock.
• Jabil reported quarterly earnings of $3.16 per share, exceeding estimates by $0.06, while revenue rose 11.8% year over year to $8.75 billion.
• Wall Street maintains a bullish outlook, with a consensus “Buy” rating and an average price target of $441.78, compared with Jabil’s reported share price of $311.74.

Engineers Gate Manager LP boosted its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 162.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,011 shares of the technology company's stock after purchasing an additional 75,436 shares during the period. Jabil comprises approximately 0.6% of Engineers Gate Manager LP's holdings, making the stock its 17th largest holding. Engineers Gate Manager LP owned about 0.12% of Jabil worth $47,033,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBL. California State Teachers Retirement System grew its position in shares of Jabil by 48,703.0% in the 2nd quarter. California State Teachers Retirement System now owns 59,888,558 shares of the technology company's stock worth $23,085,841,000 after buying an additional 59,765,843 shares during the last quarter. BlackRock Inc. bought a new position in shares of Jabil during the second quarter valued at approximately $3,905,704,000. Primecap Management Co. CA bought a new position in shares of Jabil during the second quarter valued at approximately $1,220,861,000. Norges Bank purchased a new stake in Jabil in the fourth quarter worth $407,299,000. Finally, Bank of America Corp DE purchased a new stake in Jabil in the second quarter worth $447,882,000. Institutional investors own 93.39% of the company's stock.

Jabil Price Performance

JBL opened at $311.74 on Wednesday. The stock has a fifty day simple moving average of $324.11 and a two-hundred day simple moving average of $320.38. 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 company has a market cap of $32.67 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 0.70 and a beta of 1.29. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, beating analysts' consensus estimates of $3.10 by $0.06. The firm had revenue of $8.75 billion for the quarter, compared to analysts' expectations of $8.61 billion. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The company's quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. Research analysts predict that Jabil, Inc. will post 11.71 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

Wall Street Analysts Forecast Growth

JBL has been the topic of a number of research analyst reports. Raymond James Financial boosted their price objective on shares of Jabil from $425.00 to $450.00 and gave the company a "strong-buy" rating in a research report on Thursday, June 18th. Argus set a $475.00 target price on shares of Jabil in a research report on Thursday, June 18th. Weiss Ratings raised shares of Jabil from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 31st. UBS Group upgraded shares of 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. Finally, JPMorgan Chase & Co. increased 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $441.78.

Insiders Place Their Bets

In other Jabil news, EVP Matthew Crowley sold 94 shares of the firm'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 transaction, the executive vice president owned 57,536 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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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