Jabil, Inc. $JBL Stock Holdings Cut by Waycross Investment Management Co

Key Points

• Waycross Investment Management cut its Jabil stake by 50.4% in the third quarter, selling 6,056 shares and retaining 5,971 shares worth approximately $1.7 million. Institutional investors collectively own 93.39% of Jabil.
• Analyst sentiment remains positive, with Jabil carrying a consensus “Buy” rating and an average price target of $434.22; several firms recently raised or maintained bullish ratings.
• Jabil’s shares fell 7.6% to $293.80, despite the company beating quarterly earnings and revenue expectations, reporting $4.40 in EPS and $10.62 billion in revenue—up 28.6% year over year.

Waycross Investment Management Co decreased its stake in Jabil, Inc. (NYSE:JBL - Free Report) by 50.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,971 shares of the technology company's stock after selling 6,056 shares during the period. Jabil comprises about 1.5% of Waycross Investment Management Co's holdings, making the stock its 21st largest holding. Waycross Investment Management Co's holdings in Jabil were worth $1,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in JBL. First Citizens Bank & Trust Co. acquired a new position in Jabil in the 3rd quarter worth about $635,000. Signal Advisors Wealth LLC raised its position in Jabil by 118.8% in the third quarter. Signal Advisors Wealth LLC now owns 5,443 shares of the technology company's stock valued at $1,561,000 after purchasing an additional 2,955 shares during the last quarter. Krilogy Financial LLC boosted its stake in shares of Jabil by 20.7% during the third quarter. Krilogy Financial LLC now owns 1,425 shares of the technology company's stock valued at $445,000 after purchasing an additional 244 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Jabil by 5.5% during the third quarter. Contravisory Investment Management Inc. now owns 3,821 shares of the technology company's stock valued at $1,096,000 after purchasing an additional 198 shares in the last quarter. Finally, Riversedge Advisors LLC boosted its stake in shares of Jabil by 12.3% during the third quarter. Riversedge Advisors LLC now owns 794 shares of the technology company's stock valued at $228,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on JBL shares. Zacks Research raised Jabil from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 7th. Argus reiterated a "buy" rating and set a $475.00 target price on shares of Jabil in a research report on Thursday, October 1st. Stifel Nicolaus set a $460.00 target price on shares of Jabil and gave the stock a "buy" rating in a report on Thursday, June 18th. Barclays reduced their target price 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Jabil from $425.00 to $430.00 and gave the company an "overweight" rating in a research report 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. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $434.22.

Jabil Trading Down 7.6%

Jabil stock traded down $24.06 during mid-day trading on Wednesday, hitting $293.80. 527,912 shares of the stock were exchanged, compared to its average volume of 1,227,163. The company has a quick ratio of 0.65, a current ratio of 0.99 and a debt-to-equity ratio of 1.78. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93. The firm's fifty day simple moving average is $316.14 and its two-hundred day simple moving average is $328.28. The stock has a market capitalization of $30.79 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 0.94 and a beta of 1.30.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 EPS for the quarter, beating analysts' consensus estimates of $4.05 by $0.35. Jabil had a net margin of 2.90% and a return on equity of 89.50%. The company had revenue of $10.62 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period in the prior year, the firm posted $3.29 EPS. The company'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. Analysts forecast that Jabil, Inc. will post 16.53 EPS for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil's dividend payout ratio is 3.27%.

Jabil Profile

Jabil Inc is a global manufacturing services and technology company that helps brands design, manufacture, and manage products and supply chains. Its capabilities include product design and engineering, prototyping, production, assembly, testing, packaging, logistics, and aftermarket services.

The company serves customers across a range of industries, including healthcare, automotive, cloud and data infrastructure, communications, connected devices, industrial equipment, energy, and consumer products.

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