Jabil, Inc. $JBL Shares Bought by Hennessy Advisors Inc.

Key Points

• Hennessy Advisors increased its Jabil position by 312.2% in the second quarter, holding 46,989 shares worth approximately $18.1 million. Institutional investors collectively own 93.39% of Jabil’s stock.
• Jabil’s quarterly results exceeded expectations, with earnings of $3.16 per share and revenue of $8.75 billion, up 11.8% year over year. The company also issued fiscal 2026 earnings guidance and declared a quarterly dividend of $0.08 per share.
• Despite shares trading down 3.4% to $301.69, analysts remain broadly bullish: the stock has an average “Buy” rating and a consensus price target of $453.67, with several firms recently raising their targets.

Hennessy Advisors Inc. grew its position in Jabil, Inc. (NYSE:JBL - Free Report) by 312.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,989 shares of the technology company's stock after purchasing an additional 35,590 shares during the period. Hennessy Advisors Inc.'s holdings in Jabil were worth $18,113,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Jabil in the 2nd quarter worth approximately $3,905,704,000. Primecap Management Co. CA purchased a new stake in shares of Jabil in the 2nd quarter valued at $1,220,861,000. Norges Bank purchased a new stake in shares of Jabil in the 4th quarter valued at $407,299,000. Bank of America Corp DE acquired a new stake in shares of Jabil in the second quarter worth $447,882,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Jabil during the second quarter worth $411,079,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Trading Down 3.4%

Shares of JBL stock opened at $301.69 on Friday. The stock has a 50 day simple moving average of $333.51 and a 200-day simple moving average of $317.61. Jabil, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93. The company has a market cap of $31.61 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 0.90 and a beta of 1.30. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66.

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 for the quarter, topping 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 during the quarter, compared to analysts' expectations of $8.61 billion. During the same period in the prior year, the business posted $2.55 earnings per share. The firm's revenue for the quarter 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. On average, equities research analysts expect that Jabil, Inc. will post 11.71 EPS for the current fiscal year.

Jabil Announces Dividend

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

Insider Transactions at Jabil

In other Jabil news, EVP Matthew Crowley sold 94 shares of the business'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 transaction of $32,430.00. Following the completion of the sale, the executive vice president directly owned 57,536 shares in the company, valued at approximately $19,849,920. The trade was a 0.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.35% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group upgraded shares of Jabil from a "neutral" rating to a "buy" rating and set a $430.00 target price for the company in a research report on Tuesday, August 11th. Bank of America reissued a "buy" rating and issued a $470.00 price objective on shares of Jabil in a report on Thursday, June 18th. Barclays boosted their price target on Jabil from $304.00 to $426.00 and gave the company an "overweight" rating in a report on Thursday, June 18th. The Goldman Sachs Group upped their price objective on Jabil from $384.00 to $482.00 and gave the stock a "buy" rating in a research report on Thursday, June 18th. Finally, Weiss Ratings cut shares of Jabil from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, August 12th. 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. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $453.67.

Jabil 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.

Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil, Inc. (NYSE:JBL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source