Jabil, Inc. $JBL Shares Sold by Smith Group Asset Management LLC

Key Points

• Smith Group Asset Management cut its Jabil stake by 36.6% in the third quarter, selling 64,240 shares and retaining 111,457 shares worth approximately $32.0 million. Institutional investors still own 93.39% of Jabil’s outstanding stock.
• Jabil reported a strong quarterly performance, with EPS of $4.40 versus the $4.05 consensus and revenue of $10.62 billion, up 28.6% year over year and ahead of estimates.
• Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and a $434.22 target price, compared with a recent share price of $291.10. Jabil also declared a quarterly dividend of $0.08 per share.

Smith Group Asset Management LLC decreased its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 36.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,457 shares of the technology company's stock after selling 64,240 shares during the period. Jabil accounts for 2.1% of Smith Group Asset Management LLC's portfolio, making the stock its 20th largest position. Smith Group Asset Management LLC owned about 0.11% of Jabil worth $31,973,000 as of its most recent filing with the SEC.

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

Jabil Stock Up 2.8%

Shares of Jabil stock opened at $291.10 on Thursday. Jabil, Inc. has a twelve month low of $189.60 and a twelve month high of $428.93. The stock has a market cap of $30.50 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 0.82 and a beta of 1.30. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 1.78. The company has a fifty day moving average price of $301.12 and a 200 day moving average price of $306.23.

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

Jabil Dividend Announcement

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%.

Insider Activity at Jabil

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. Insiders own 1.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on JBL shares. UBS Group restated a "buy" rating on shares of Jabil in a research note on Thursday, October 8th. JPMorgan Chase & Co. raised their price objective on Jabil from $425.00 to $430.00 and gave the stock an "overweight" rating in a report on Thursday, October 1st. The Goldman Sachs Group reduced their price objective on Jabil from $482.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, September 8th. Zacks Research upgraded Jabil from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. Finally, Argus reissued a "buy" rating and set a $475.00 target price on shares of Jabil in a research report on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $434.22.

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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