Jabil, Inc. $JBL Shares Purchased by Deltec Asset Management LLC

Key Points

• Deltec Asset Management increased its Jabil stake by 206.4% in the third quarter, ending with 30,334 shares valued at approximately $8.7 million. Institutional investors collectively own 93.39% of Jabil’s stock.
• Jabil reported quarterly earnings of $4.40 per share, beating estimates of $4.05, while revenue rose 28.6% year over year to $10.62 billion. The company also issued fiscal 2027 earnings guidance.
• Analyst sentiment remains favorable, with the stock carrying a consensus “Buy” rating and an average price target of $434.22, despite an executive selling 1,000 shares and Jabil trading near $275.63.

Deltec Asset Management LLC raised its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 206.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,334 shares of the technology company's stock after buying an additional 20,434 shares during the period. Jabil comprises about 1.4% of Deltec Asset Management LLC's holdings, making the stock its 19th largest position. Deltec Asset Management LLC's holdings in Jabil were worth $8,702,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of JBL. Rakuten Securities Inc. purchased a new stake in shares of Jabil in the 2nd quarter valued at about $25,000. Bell Investment Advisors Inc acquired a new stake in shares of Jabil during the second quarter worth $35,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Jabil in the 3rd quarter worth $41,000. PenderFund Capital Management Ltd. purchased a new stake in Jabil in the 2nd quarter valued at approximately $44,000. Finally, Persistent Asset Partners Ltd acquired a new position in Jabil during the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insider Buying and Selling

In other Jabil news, SVP Gary Schick sold 1,000 shares of the company's stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $277.16, for a total value of $277,160.00. Following the completion of the transaction, the senior vice president directly owned 37,314 shares of the company's stock, valued at $10,341,948.24. This represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on JBL. JPMorgan Chase & Co. raised their price target on Jabil from $425.00 to $430.00 and gave the company an "overweight" rating in a report on Thursday, October 1st. UBS Group reissued a "buy" rating on shares of Jabil in a research note on Thursday, October 8th. Zacks Research raised Jabil from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 7th. Argus reissued a "buy" rating and set a $475.00 price objective on shares of Jabil in a research note on Thursday, October 1st. Finally, Weiss Ratings downgraded Jabil from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $434.22.

Jabil Trading Up 0.6%

NYSE JBL opened at $275.63 on Tuesday. The company's 50 day moving average price is $303.80 and its 200 day moving average price is $305.59. Jabil, Inc. has a one year low of $189.60 and a one year high of $428.93. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.65 and a current ratio of 0.99. The firm has a market capitalization of $28.88 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 0.82 and a beta of 1.30.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.35. The business had revenue of $10.62 billion for the quarter, compared to analyst estimates of $9.69 billion. Jabil had a net margin of 2.90% and a return on equity of 89.50%. The business's quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.29 EPS. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. On average, sell-side analysts predict that Jabil, Inc. will post 16.53 EPS for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Monday, November 16th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, November 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil's dividend payout ratio (DPR) is currently 3.27%.

Jabil Profile

Jabil Inc is a global manufacturing services company that helps leading brands design, produce and manage the supply chains for a wide range of products. Its services include product design and engineering, electronics and mechanical manufacturing, assembly, testing, packaging, supply chain management and aftermarket services.

The company serves customers across several industries, including cloud and data center infrastructure, automotive, healthcare, mobility, consumer products, industrial technology and packaging.

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