Jabil, Inc. $JBL Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp decreased its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 19.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,371 shares of the technology company's stock after selling 5,142 shares during the quarter. Van ECK Associates Corp's holdings in Jabil were worth $8,238,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Empirical Finance LLC increased its stake in shares of 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 buying an additional 31 shares during the period. Assetmark Inc. lifted its stake in Jabil by 10.6% in the first quarter. Assetmark Inc. now owns 344 shares of the technology company's stock worth $91,000 after acquiring an additional 33 shares during the last quarter. PenderFund Capital Management Ltd. grew its holdings in Jabil by 3.3% during the 4th quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company's stock worth $287,000 after acquiring an additional 40 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of Jabil by 11.1% in the 1st quarter. Root Financial Partners LLC now owns 432 shares of the technology company's stock valued at $115,000 after purchasing an additional 43 shares in the last quarter. Finally, Cidel Asset Management Inc. lifted its position in shares of Jabil by 4.8% during the 1st quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company's stock worth $263,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Activity at Jabil

In other news, EVP Matthew Crowley sold 94 shares of the stock in a transaction dated 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 in the company, valued at approximately $19,849,920. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.35% of the company's stock.

Jabil Price Performance

JBL stock opened at $298.69 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $31.30 billion, a P/E ratio of 37.29, a PEG ratio of 0.91 and a beta of 1.29. The business has a 50 day simple moving average of $330.61 and a 200-day simple moving average of $318.56. Jabil, Inc. has a twelve month low of $189.60 and a twelve month high of $428.93.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Wednesday, June 17th. The technology company reported $3.16 EPS 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 analysts' expectations of $8.61 billion. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The company's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.55 EPS. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. As a group, equities analysts anticipate that Jabil, Inc. will post 11.71 EPS for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th. Jabil's dividend payout ratio is presently 4.00%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. The Goldman Sachs Group increased their target price on Jabil from $384.00 to $482.00 and gave the company a "buy" rating in a report on Thursday, June 18th. UBS Group upgraded Jabil from a "neutral" rating to a "buy" rating and set a $430.00 price objective on the stock in a report on Tuesday, August 11th. Stifel Nicolaus set a $460.00 target price on Jabil and gave the stock a "buy" rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. upped their price target on Jabil from $395.00 to $450.00 and gave the company an "overweight" rating in a report on Thursday, June 18th. Finally, Raymond James Financial raised their price objective on shares of Jabil from $425.00 to $450.00 and gave the stock a "strong-buy" rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Jabil has an average rating of "Buy" and an average 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.

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