Jabil, Inc. $JBL Stock: Nisa Investment Advisors LLC Lowers Position

Key Points

• Nisa Investment Advisors cut its Jabil stake by 19.3% in the third quarter, selling 5,745 shares and retaining 24,007 shares valued at approximately $6.9 million. Institutional investors collectively own 93.39% of Jabil.
• Analysts remain broadly optimistic, with Jabil holding a consensus “Buy” rating and an average price target of $434.22, despite several firms lowering their targets.
• Jabil exceeded quarterly expectations, reporting $4.40 in adjusted earnings per share versus the $4.05 estimate and $10.62 billion in revenue, up 28.6% year over year. The company also declared a quarterly dividend of $0.08 per share.

Nisa Investment Advisors LLC lessened its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 19.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 24,007 shares of the technology company's stock after selling 5,745 shares during the period. Nisa Investment Advisors LLC's holdings in Jabil were worth $6,887,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBL. Rakuten Securities Inc. purchased a new position in shares of Jabil during the 2nd quarter valued at about $25,000. Bell Investment Advisors Inc bought a new position in shares of Jabil during the 2nd quarter valued at approximately $35,000. PenderFund Capital Management Ltd. bought a new position in shares of Jabil during the 2nd quarter valued at approximately $44,000. Persistent Asset Partners Ltd bought a new position in shares of Jabil during the 2nd quarter valued at approximately $45,000. Finally, Jones Financial Companies Lllp purchased a new stake in Jabil in the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Jabil from $425.00 to $430.00 and gave the stock an "overweight" rating in a research note on Thursday, October 1st. UBS Group reaffirmed a "buy" rating on shares of Jabil in a report on Thursday, October 8th. Argus reiterated a "buy" rating and issued a $475.00 price target on shares of Jabil in a research report on Thursday, October 1st. The Goldman Sachs Group reduced 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. Finally, Barclays decreased their price objective on shares of Jabil from $426.00 to $378.00 and set an "overweight" rating on the stock in a research report on Thursday, October 1st. Two analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat, Jabil presently has a consensus rating of "Buy" and an average price target of $434.22.

Insider Activity

In other news, SVP Gary Schick sold 1,000 shares of the business's stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $277.16, for a total value of $277,160.00. Following the transaction, the senior vice president 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.35% of the stock is currently owned by insiders.

Jabil Price Performance

Shares of Jabil stock opened at $266.94 on Friday. The stock's 50-day simple moving average is $306.29 and its 200-day simple moving average is $329.11. Jabil, Inc. has a 52 week low of $189.60 and a 52 week high of $428.93. The company has a market capitalization of $27.97 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 0.84 and a beta of 1.30. 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 (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, topping analysts' consensus estimates of $4.05 by $0.35. The firm had revenue of $10.62 billion during 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 business's quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior 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. As a group, analysts expect that Jabil, Inc. will post 16.53 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Monday, November 16th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, November 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil's dividend payout ratio (DPR) is presently 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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