Jabil, Inc. $JBL Shares Sold by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings reduced its Jabil position by 68.5% in the third quarter, selling 14,734 shares and retaining 6,788 shares valued at approximately $1.95 million. Institutional investors collectively own 93.39% of Jabil’s stock.
• Analysts remain broadly positive, with Jabil holding an average “Buy” rating and a consensus price target of $434.22, despite price-target reductions from Goldman Sachs and Barclays.
• Jabil reported a strong quarter, posting $4.40 in adjusted EPS and $10.62 billion in revenue, exceeding estimates and representing 28.6% year-over-year revenue growth. The company also announced a quarterly dividend of $0.08 per share.

Crossmark Global Holdings Inc. lowered its position in Jabil, Inc. (NYSE:JBL - Free Report) by 68.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,788 shares of the technology company's stock after selling 14,734 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Jabil were worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Jabil during the second quarter worth about $3,905,704,000. Primecap Management Co. CA purchased a new position in shares of Jabil in the 2nd quarter worth about $1,220,861,000. Bank of America Corp DE acquired a new position in shares of Jabil in the 2nd quarter valued at about $447,882,000. Bank of New York Mellon Corp acquired a new position in shares of Jabil in the 2nd quarter valued at about $411,079,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Jabil by 8.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 720,472 shares of the technology company's stock valued at $277,728,000 after purchasing an additional 57,506 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JBL. Weiss Ratings cut Jabil from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, September 16th. The Goldman Sachs Group cut their price target on shares of Jabil from $482.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, September 8th. Barclays cut their price target on shares of Jabil from $426.00 to $378.00 and set an "overweight" rating on the stock in a report on Thursday, October 1st. UBS Group reaffirmed a "buy" rating on shares of Jabil in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Jabil from $425.00 to $430.00 and gave the stock an "overweight" rating in a research note on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $434.22.

Insider Buying and Selling

In related news, SVP Gary Schick sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $277.16, for a total transaction of $277,160.00. Following the transaction, the senior vice president directly owned 37,314 shares of the company's stock, valued at approximately $10,341,948.24. The trade was a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.35% of the company's stock.

Jabil Trading Up 2.5%

NYSE:JBL opened at $274.12 on Friday. The business's 50-day moving average is $304.50 and its two-hundred day moving average is $328.72. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.99 and a quick ratio of 0.65. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93. The firm has a market capitalization of $28.73 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 0.82 and a beta of 1.30.

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

Jabil Announces Dividend

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

Jabil Company 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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