Jabil, Inc. $JBL Stock: Asset Management One Co. Ltd. Trims Stake

Key Points

• Asset Management One cut its Jabil stake by 10.1% in the third quarter, selling 7,521 shares and retaining 66,639 shares worth approximately $19.2 million. Institutional investors still own 93.39% of the company.
• 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 issued fiscal 2027 earnings guidance and analysts expect $16.53 in current-year EPS.
• Wall Street maintains a favorable outlook, with a consensus “Buy” rating and an average price target of $434.22, despite shares recently trading down 1.0% at $287.89.

Asset Management One Co. Ltd. cut its position in Jabil, Inc. (NYSE:JBL - Free Report) by 10.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 66,639 shares of the technology company's stock after selling 7,521 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of Jabil worth $19,188,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new position in Jabil in the 2nd quarter worth about $3,905,704,000. Primecap Management Co. CA bought a new position in Jabil in the second quarter worth approximately $1,220,861,000. Bank of America Corp DE bought a new position in Jabil in the 2nd quarter worth $447,882,000. Bank of New York Mellon Corp purchased a new position in shares of Jabil during the 2nd quarter valued at about $411,079,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Jabil by 844.8% during the third quarter. Assenagon Asset Management S.A. now owns 741,680 shares of the technology company's stock valued at $212,758,000 after purchasing an additional 663,178 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insider Buying and Selling at Jabil

In related 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.35% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group restated a "buy" rating on shares of Jabil in a research report on Thursday, October 8th. The Goldman Sachs Group dropped their price target on Jabil from $482.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, September 8th. Zacks Research upgraded shares of Jabil from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 7th. Argus reaffirmed a "buy" rating and set a $475.00 target price 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 note on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat, Jabil presently has a consensus rating of "Buy" and a consensus target price of $434.22.

Jabil Trading Down 1.0%

Shares of NYSE JBL opened at $287.89 on Friday. 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 business's 50 day moving average price is $300.44 and its 200-day moving average price is $306.54. Jabil, Inc. has a fifty-two week low of $189.60 and a fifty-two week high of $428.93. The company has a market cap of $29.64 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 0.87 and a beta of 1.30.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.35. Jabil had a return on equity of 89.50% and a net margin of 2.90%. The business had revenue of $10.62 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same period last year, the company earned $3.29 earnings per share. The business's revenue for the quarter was up 28.6% compared to the same quarter last year. 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 expect that Jabil, Inc. will post 16.53 earnings per share for the current year.

Jabil Announces Dividend

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