Evolve Private Wealth LLC acquired a new position in Jabil, Inc. (NYSE:JBL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,169 shares of the technology company's stock, valued at approximately $9,317,000. Jabil accounts for approximately 0.6% of Evolve Private Wealth LLC's investment portfolio, making the stock its 23rd biggest holding.
Several other large investors have also recently bought and sold shares of the stock. Empirical Finance LLC raised its holdings in Jabil by 0.6% during the first quarter. Empirical Finance LLC now owns 5,405 shares of the technology company's stock worth $1,436,000 after purchasing an additional 31 shares in the last quarter. Assetmark Inc. increased its position in shares of Jabil by 10.6% during the 1st quarter. Assetmark Inc. now owns 344 shares of the technology company's stock valued at $91,000 after purchasing an additional 33 shares during the period. PenderFund Capital Management Ltd. raised its stake in shares of Jabil by 3.3% in the 4th quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company's stock worth $287,000 after buying an additional 40 shares in 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 buying an additional 43 shares during the period. Finally, Cidel Asset Management Inc. raised its position in Jabil by 4.8% in the first quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company's stock worth $263,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.
Insiders Place Their Bets
In other Jabil news, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction 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 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.35% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on JBL shares. JPMorgan Chase & Co. lifted their price objective 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. Stifel Nicolaus set a $460.00 price target on shares of Jabil and gave the stock a "buy" rating in a research report on Thursday, June 18th. Robert W. Baird increased their price objective on Jabil from $355.00 to $440.00 and gave the company an "outperform" rating in a research report on Thursday, June 18th. Raymond James Financial boosted their target price on Jabil from $425.00 to $450.00 and gave the stock a "strong-buy" rating in a research report on Thursday, June 18th. Finally, UBS Group upgraded Jabil from a "neutral" rating to a "buy" rating and set a $430.00 price target for the company in a research report on Tuesday, August 11th. One 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 has a consensus rating of "Buy" and an average price target of $453.67.
Read Our Latest Stock Analysis on JBL
Jabil Price Performance
JBL opened at $312.91 on Friday. The stock has a fifty day moving average of $340.28 and a 200-day moving average of $315.41. The firm has a market capitalization of $32.79 billion, a P/E ratio of 39.06, a PEG ratio of 0.94 and a beta of 1.30. Jabil, Inc. has a 12-month low of $189.60 and a 12-month 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, 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 return on equity of 83.93% and a net margin of 2.57%.Jabil's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Equities analysts forecast that Jabil, Inc. will post 11.71 EPS for the current fiscal year.
Jabil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, August 14th. Jabil's dividend payout ratio is currently 4.00%.
About Jabil
(
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.
See Also
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