National Pension Service Sells 21,305 Shares of Jabil, Inc. $JBL

Key Points

• National Pension Service reduced its Jabil stake by 8.2% in the second quarter, selling 21,305 shares and retaining 237,016 shares worth approximately $91.4 million.
• Analysts remain broadly bullish, with Jabil receiving a consensus “Buy” rating and an average price target of $441.78; recent targets range from $375 to $475.
• Jabil reported quarterly earnings of $3.16 per share and revenue of $8.75 billion, exceeding estimates, while revenue increased 11.8% year over year. The stock opened at $317.78, up 4.9% in trading.

National Pension Service decreased its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 8.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 237,016 shares of the technology company's stock after selling 21,305 shares during the quarter. National Pension Service owned approximately 0.23% of Jabil worth $91,365,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new position in shares of Jabil during the 2nd quarter worth about $25,000. Bell Investment Advisors Inc bought a new position in shares of Jabil in the 2nd quarter valued at about $35,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Jabil in the second quarter valued at about $44,000. Persistent Asset Partners Ltd acquired a new stake in shares of Jabil in the second quarter valued at about $45,000. Finally, Jones Financial Companies Lllp bought a new stake in Jabil during the second quarter worth about $46,000. Institutional investors own 93.39% of the company's stock.

Insider Activity

In other news, EVP Matthew Crowley sold 94 shares of the business's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the completion of the sale, the executive vice president owned 57,536 shares of the company's stock, valued at approximately $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.35% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on JBL shares. JPMorgan Chase & Co. increased their price target on Jabil from $395.00 to $450.00 and gave the company an "overweight" rating in a research report on Thursday, June 18th. Argus set a $475.00 price target on Jabil in a research report on Thursday, June 18th. The Goldman Sachs Group decreased their target price on shares of Jabil from $482.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday. Robert W. Baird boosted their target price on shares of Jabil from $355.00 to $440.00 and gave the stock an "outperform" rating in a report on Thursday, June 18th. Finally, Weiss Ratings raised shares of Jabil from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Jabil has a consensus rating of "Buy" and a consensus target price of $441.78.

Jabil Trading Up 4.9%

Shares of NYSE:JBL opened at $317.78 on Friday. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93. The business has a 50 day moving average of $321.56 and a 200-day moving average of $320.92. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 2.17. The stock has a market cap of $33.30 billion, a PE ratio of 39.67, a P/E/G ratio of 0.68 and a beta of 1.29.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Wednesday, June 17th. The technology company reported $3.16 earnings per share for the quarter, topping analysts' consensus estimates of $3.10 by $0.06. The company had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.61 billion. Jabil had a return on equity of 83.93% and a net margin of 2.57%.The firm's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.55 earnings per share. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. As a group, equities research analysts forecast that Jabil, Inc. will post 11.71 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were issued 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 dividend yield of 0.1%. Jabil's dividend payout ratio (DPR) is currently 4.00%.

Jabil Profile

Jabil Inc is a global manufacturing and technology solutions provider that helps companies design, manufacture and manage products across their lifecycles. Its services include product and process engineering, supply-chain management, procurement, manufacturing, assembly, testing, packaging and aftermarket services.

The company supports customers in a range of industries, including cloud and data infrastructure, automotive, healthcare, connected devices, consumer products, energy and industrial applications.

Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil, Inc. (NYSE:JBL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.