Equitable Holdings Inc. acquired a new position in shares of Jabil, Inc. (NYSE:JBL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,761 shares of the technology company's stock, valued at approximately $1,450,000.
Several other large investors also recently made changes to their positions in JBL. Centaurus Financial Inc. acquired a new stake in shares of Jabil in the second quarter worth $318,000. Public Employees Retirement System of Ohio acquired a new position in shares of Jabil during the 2nd quarter valued at $22,478,000. MASTERINVEST Kapitalanlage GmbH purchased a new stake in Jabil during the 2nd quarter worth $3,397,000. PenderFund Capital Management Ltd. acquired a new stake in Jabil in the 2nd quarter valued at $44,000. Finally, Proficio Capital Partners LLC purchased a new position in Jabil in the second quarter valued at about $445,000. Institutional investors and hedge funds own 93.39% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on JBL. Zacks Research cut Jabil from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 17th. 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. The Goldman Sachs Group raised their target price on Jabil from $384.00 to $482.00 and gave the company a "buy" rating in a report on Thursday, June 18th. Weiss Ratings cut Jabil from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, August 12th. Finally, UBS Group raised shares of Jabil from a "neutral" rating to a "buy" rating and set a $430.00 price objective for the company in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $453.67.
Check Out Our Latest Report on Jabil
Jabil Stock Performance
NYSE:JBL opened at $301.69 on Friday. The firm has a 50-day moving average of $333.51 and a two-hundred day moving average of $317.61. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66. The stock has a market cap of $31.61 billion, a P/E ratio of 37.66, a PEG ratio of 0.93 and a beta of 1.30. Jabil, Inc. has a 1-year low of $189.60 and a 1-year 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.10 by $0.06. Jabil had a return on equity of 83.93% and a net margin of 2.57%.The business had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.61 billion. During the same period in the previous year, the company earned $2.55 earnings per share. The company's revenue for the quarter was up 11.8% compared to the same quarter last year. 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, research analysts expect that Jabil, Inc. will post 11.71 earnings per share for the current fiscal year.
Jabil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, August 14th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil's payout ratio is currently 4.00%.
Insider Activity
In other Jabil 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 transaction, the executive vice president directly owned 57,536 shares of the company's stock, valued at $19,849,920. This represents a 0.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.35% of the stock is currently owned by insiders.
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.
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