Jabil, Inc. $JBL Stock: Hanseatic Management Services Inc. Reduces Holdings

Key Points

• Hanseatic Management Services reduced its Jabil stake by 65.9% in the third quarter, selling 4,000 shares and retaining 2,074 shares worth approximately $595,000. Institutional investors collectively own 93.39% of Jabil.
• Jabil reported a strong quarter, with EPS of $4.40 versus the $4.05 consensus and revenue of $10.62 billion, up 28.6% year over year and above estimates.
• Analysts maintain a generally positive outlook, with the stock carrying an average “Buy” rating and a $434.22 average price target, despite recent target-price changes and Jabil shares opening at $291.10.

Hanseatic Management Services Inc. cut its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 65.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,074 shares of the technology company's stock after selling 4,000 shares during the quarter. Hanseatic Management Services Inc.'s holdings in Jabil were worth $595,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Jabil during the 2nd quarter worth about $3,905,704,000. Primecap Management Co. CA purchased a new position in Jabil in the second quarter valued at approximately $1,220,861,000. Bank of America Corp DE purchased a new position in Jabil in the second quarter valued at approximately $447,882,000. Bank of New York Mellon Corp acquired a new position in Jabil during the second quarter valued at approximately $411,079,000. Finally, Assenagon Asset Management S.A. lifted its position 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 buying an additional 663,178 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Stock Performance

Jabil stock opened at $291.10 on Thursday. The stock's 50 day moving average price is $301.12 and its 200 day moving average price is $306.23. The firm has a market capitalization of $30.50 billion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 0.82 and a beta of 1.30. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.65 and a current ratio of 0.99. Jabil, Inc. has a one year low of $189.60 and a one year high of $428.93.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.35. The company had revenue of $10.62 billion during the quarter, compared to the consensus estimate of $9.69 billion. Jabil had a net margin of 2.90% and a return on equity of 89.50%. During the same quarter last year, the company earned $3.29 earnings per share. Jabil's revenue for the quarter 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. As a group, sell-side analysts expect that Jabil, Inc. will post 16.53 EPS for the current fiscal year.

Jabil Dividend Announcement

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

Insider Transactions at Jabil

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 company insiders.

Analyst Ratings Changes

JBL has been the subject of several research reports. The Goldman Sachs Group decreased their price objective on shares of Jabil from $482.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, September 8th. Weiss Ratings downgraded shares of Jabil from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, September 16th. Argus reissued a "buy" rating and issued a $475.00 target price on shares of Jabil in a research note on Thursday, October 1st. JPMorgan Chase & Co. lifted their target price on shares of Jabil from $425.00 to $430.00 and gave the company an "overweight" rating in a report on Thursday, October 1st. Finally, Zacks Research raised shares of Jabil from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $434.22.

About Jabil

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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