Moran Wealth Management LLC Reduces Holdings in Jabil, Inc. $JBL

Key Points

• Moran Wealth Management LLC reduced its holdings in Jabil, Inc. by 11.0% during the second quarter, now owning 38,828 shares valued at approximately $8.47 million.
• Several hedge funds, including Harbor Capital Advisors and SG Americas Securities, significantly increased their positions in Jabil, with Harbor growing by 110.5% and SG Americas by 328.1%.
• Jabil's most recent earnings report showed an EPS of $1.99, missing estimates, but its revenue of $8.30 billion surpassed expectations, indicating strong performance despite the EPS miss.

Moran Wealth Management LLC decreased its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 11.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,828 shares of the technology company's stock after selling 4,802 shares during the quarter. Moran Wealth Management LLC's holdings in Jabil were worth $8,468,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in JBL. Farther Finance Advisors LLC grew its holdings in shares of Jabil by 26.0% during the first quarter. Farther Finance Advisors LLC now owns 2,481 shares of the technology company's stock worth $338,000 after purchasing an additional 512 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after purchasing an additional 116 shares during the last quarter. GAMMA Investing LLC grew its position in Jabil by 28.7% during the 1st quarter. GAMMA Investing LLC now owns 3,858 shares of the technology company's stock worth $525,000 after purchasing an additional 860 shares during the last quarter. SG Americas Securities LLC grew its position in Jabil by 328.1% during the 1st quarter. SG Americas Securities LLC now owns 7,937 shares of the technology company's stock worth $1,080,000 after purchasing an additional 6,083 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Jabil by 18.8% during the 1st quarter. Fifth Third Bancorp now owns 4,791 shares of the technology company's stock worth $652,000 after purchasing an additional 757 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insider Transactions at Jabil

In other news, EVP Frederic E. Mccoy sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total transaction of $1,005,975.00. Following the sale, the executive vice president owned 124,203 shares of the company's stock, valued at $27,765,580.65. The trade was a 3.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Priestley sold 3,702 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $225.00, for a total value of $832,950.00. Following the sale, the executive vice president directly owned 44,833 shares in the company, valued at $10,087,425. This trade represents a 7.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,416 shares of company stock worth $18,367,889 over the last quarter. Insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Jabil in a research report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price objective on the stock. Barclays raised their price objective on shares of Jabil from $223.00 to $267.00 and gave the stock an "overweight" rating in a research report on Friday, September 26th. Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. UBS Group set a $241.00 price objective on shares of Jabil in a research report on Sunday, September 28th. Finally, The Goldman Sachs Group raised their price objective on shares of Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $248.43.

Jabil Trading Up 0.3%

NYSE:JBL opened at $200.57 on Wednesday. The stock has a fifty day moving average price of $212.51 and a two-hundred day moving average price of $189.96. The stock has a market capitalization of $21.53 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 1.42 and a beta of 1.26. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.66 and a current ratio of 1.00. Jabil, Inc. has a 1 year low of $108.66 and a 1 year high of $237.14.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The technology company reported $1.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.93). The business had revenue of $8.30 billion during the quarter, compared to analysts' expectations of $7.63 billion. Jabil had a return on equity of 68.63% and a net margin of 2.20%.The company's revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.30 EPS. Jabil has set its Q1 2026 guidance at 2.470-2.870 EPS. FY 2026 guidance at 11.000-11.000 EPS. As a group, sell-side analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were paid a $0.08 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Jabil's dividend payout ratio (DPR) is 5.37%.

About Jabil

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).

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