New York State Teachers Retirement System Decreases Stake in Jabil, Inc. $JBL

Key Points

• The New York State Teachers Retirement System reduced its stake in Jabil, Inc. by 4.8% during the second quarter, owning 0.10% of the company after selling 5,506 shares.
• Analysts have generally positive outlooks on Jabil's stock, with target prices set between $241.00 and $260.00, indicating strong buying interest.
• Jabil reported earnings per share (EPS) of $1.99 for the last quarter, which missed expectations, but annual revenue increased by 18.5% compared to last year.

New York State Teachers Retirement System lowered its stake in Jabil, Inc. (NYSE:JBL - Free Report) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,136 shares of the technology company's stock after selling 5,506 shares during the period. New York State Teachers Retirement System owned 0.10% of Jabil worth $24,021,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in JBL. Wellington Management Group LLP raised its holdings in shares of Jabil by 12.9% in the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company's stock worth $892,096,000 after buying an additional 747,423 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Jabil by 119.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company's stock worth $165,417,000 after purchasing an additional 662,938 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Jabil by 4,593.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 636,776 shares of the technology company's stock worth $138,881,000 after purchasing an additional 623,208 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Jabil during the first quarter worth $81,378,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Jabil by 28,071.4% during the first quarter. Jones Financial Companies Lllp now owns 343,409 shares of the technology company's stock worth $46,728,000 after purchasing an additional 342,190 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on JBL shares. UBS Group set a $241.00 target price on shares of Jabil in a report on Sunday, September 28th. Bank of America raised their target price on shares of Jabil from $245.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, September 26th. Raymond James Financial set a $260.00 target price on shares of Jabil in a report on Thursday, September 25th. 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 target on the stock. Finally, Wall Street Zen upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $248.43.

Insider Activity at Jabil

In other news, Director Steven A. Raymund sold 13,432 shares of Jabil stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $223.11, for a total value of $2,996,813.52. Following the sale, the director owned 86,396 shares in the company, valued at $19,275,811.56. This trade represents a 13.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Frederic E. Mccoy sold 4,500 shares of the business's stock in a transaction dated 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 transaction, the executive vice president owned 124,203 shares in the company, valued at $27,765,580.65. The trade was a 3.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,416 shares of company stock worth $18,367,889 in the last ninety days. 1.73% of the stock is owned by company insiders.

Jabil Stock Down 0.4%

Shares of NYSE JBL opened at $208.96 on Friday. The company's 50-day simple moving average is $211.71 and its 200-day simple moving average is $191.09. Jabil, Inc. has a 52-week low of $108.66 and a 52-week high of $237.14. The firm has a market cap of $22.43 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 1.57.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results 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). Jabil had a net margin of 2.20% and a return on equity of 68.63%. The company had revenue of $8.30 billion during the quarter, compared to analyst estimates of $7.63 billion. During the same quarter last year, the business earned $2.30 EPS. The firm's revenue for the quarter was up 18.5% compared to the same quarter last year. Jabil has set its Q1 2026 guidance at 2.470-2.870 EPS. FY 2026 guidance at 11.000-11.000 EPS. Equities analysts predict that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be given a $0.08 dividend. The ex-dividend date is Monday, November 17th. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. Jabil's dividend payout ratio (DPR) is 5.37%.

Jabil Profile

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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