Jabil, Inc. $JBL Stock Purchased by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments increased its Jabil stake by 101.6% in the third quarter, adding 178,433 shares to reach 354,043 shares valued at about $106.1 million.
• Jabil reported quarterly earnings of $4.40 per share, topping the $4.05 consensus estimate, while revenue of $10.62 billion exceeded forecasts and rose 28.6% year over year.
• Analysts maintain a broadly positive view: Jabil has a consensus “Buy” rating and an average price target of $437.22.

Allspring Global Investments Holdings LLC grew its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 101.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 354,043 shares of the technology company's stock after purchasing an additional 178,433 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.34% of Jabil worth $106,139,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in JBL. StoneX Group Inc. grew its stake in shares of Jabil by 20.0% during the third quarter. StoneX Group Inc. now owns 803 shares of the technology company's stock valued at $236,000 after purchasing an additional 134 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Jabil by 10.4% in the third quarter. Pictet Asset Management Holding SA now owns 61,839 shares of the technology company's stock valued at $17,739,000 after purchasing an additional 5,847 shares in the last quarter. Plancorp LLC bought a new position in Jabil in the 3rd quarter worth approximately $342,000. Heritage Family Offices LLP bought a new position in Jabil in the 3rd quarter worth approximately $133,000. Finally, Calamos Wealth Management LLC lifted its holdings in Jabil by 1.3% during the 3rd quarter. Calamos Wealth Management LLC now owns 3,332 shares of the technology company's stock worth $956,000 after buying an additional 44 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Jabil Stock Up 5.6%

Jabil stock opened at $252.59 on Tuesday. The company's 50 day simple moving average is $293.02 and its 200 day simple moving average is $306.95. Jabil, Inc. has a fifty-two week low of $189.60 and a fifty-two week high of $428.93. The firm has a market capitalization of $26.01 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 0.78 and a beta of 1.34. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.99 and a quick ratio of 0.65.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Wednesday, September 30th. The technology company reported $4.40 EPS for the quarter, beating the consensus estimate of $4.05 by $0.35. The firm 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%. The business's quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, sell-side analysts anticipate that Jabil, Inc. will post 16.53 EPS for the current year.

Jabil Announces Dividend

The firm also recently declared 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 of this dividend is Monday, November 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil's dividend payout ratio (DPR) is currently 3.27%.

Insider Transactions at Jabil

In other news, SVP Gary Schick sold 1,000 shares of Jabil stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $277.16, for a total transaction of $277,160.00. Following the transaction, the senior vice president owned 37,314 shares in the company, valued at $10,341,948.24. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Matthew Crowley sold 3,922 shares of the business's stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $290.00, for a total value of $1,137,380.00. Following the completion of the transaction, the executive vice president owned 63,410 shares of the company's stock, valued at $18,388,900. This represents a 5.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.35% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on JBL shares. JPMorgan Chase & Co. raised their target price on shares of Jabil from $425.00 to $430.00 and gave the company an "overweight" rating in a research note on Thursday, October 1st. Bank of America boosted their price target on shares of Jabil from $470.00 to $475.00 and gave the stock a "buy" rating in a research note on Thursday, September 24th. UBS Group reissued a "buy" rating and set a $430.00 price target on shares of Jabil in a research note on Thursday, October 8th. Zacks Research upgraded shares of Jabil from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. Finally, The Goldman Sachs Group raised their price objective on shares of Jabil from $375.00 to $397.00 and gave the company a "buy" rating in a research note on Thursday, October 1st. Two analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $437.22.

Jabil Company Profile

Jabil Inc is a global manufacturing services company that helps businesses design, engineer and produce products. Its services include product development, supply chain management, component sourcing, manufacturing, assembly and after-market support.

The company serves customers across a range of industries, including healthcare, automotive, cloud and data center, industrial, aerospace and defense, and consumer markets. Its work spans products such as medical devices, electronic systems, infrastructure equipment and industrial components.

Founded in 1966, Jabil has grown from a U.S.

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