Nordea Investment Management AB Has $2.32 Million Stock Position in Jabil, Inc. $JBL

Key Points

• Nordea Investment Management AB reduced its stake in Jabil, Inc. by 40.9% during Q2, holding 10,734 shares worth $2.32 million after the sell-off.
• Several brokerages have increased their price targets for Jabil, with Barclays setting a new target of $267.00 and Bank of America raising it to $255.00, both offering optimistic ratings.
• Jabil recently announced a quarterly dividend of $0.08 per share, with the ex-dividend date set for November 17, reflecting a 0.2% yield.

Nordea Investment Management AB lowered its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 40.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,734 shares of the technology company's stock after selling 7,437 shares during the quarter. Nordea Investment Management AB's holdings in Jabil were worth $2,316,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JBL. Mather Group LLC. raised its stake in shares of Jabil by 5.4% in the 2nd quarter. Mather Group LLC. now owns 1,186 shares of the technology company's stock valued at $259,000 after buying an additional 61 shares in the last quarter. UMB Bank n.a. increased its stake in Jabil by 2.9% in the second quarter. UMB Bank n.a. now owns 2,191 shares of the technology company's stock valued at $478,000 after acquiring an additional 62 shares during the period. Groupe la Francaise raised its position in Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after purchasing an additional 64 shares in the last quarter. Keeley Teton Advisors LLC lifted its stake in Jabil by 0.3% during the first quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company's stock worth $3,456,000 after purchasing an additional 64 shares during the period. Finally, Activest Wealth Management lifted its stake in Jabil by 31.8% during the second quarter. Activest Wealth Management now owns 278 shares of the technology company's stock worth $61,000 after purchasing an additional 67 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JBL. Barclays upped their price target on Jabil from $223.00 to $267.00 and gave the company an "overweight" rating in a research report on Friday, September 26th. Bank of America upped 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 research report on Thursday, September 25th. UBS Group set a $241.00 price target on shares of Jabil in a research report on Sunday, September 28th. Finally, Stifel Nicolaus assumed coverage on shares of Jabil in a report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price objective for the company. 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $248.43.

Jabil Trading Down 1.2%

Shares of NYSE JBL opened at $198.78 on Thursday. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $237.14. The company has a 50-day moving average of $210.36 and a two-hundred day moving average of $192.64. The company has a market cap of $21.24 billion, a PE ratio of 33.35, a P/E/G ratio of 1.43 and a beta of 1.26. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 1.57.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Thursday, September 25th. The technology company reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.93). The company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $7.63 billion. Jabil had a return on equity of 68.63% and a net margin of 2.20%.The business's revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $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, equities analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

Insider Activity at Jabil

In related news, EVP Matthew Crowley sold 3,877 shares of the business's stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $202.59, for a total transaction of $785,441.43. Following the completion of the sale, the executive vice president directly owned 58,736 shares of the company's stock, valued at $11,899,326.24. The trade was a 6.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Mark T. Mondello sold 40,000 shares of the stock in a transaction on Friday, October 17th. The shares were sold at an average price of $207.77, for a total value of $8,310,800.00. Following the completion of the transaction, the chairman directly owned 1,258,942 shares in the company, valued at approximately $261,570,379.34. This trade represents a 3.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,533 shares of company stock valued at $22,336,025. 1.73% of the stock is owned by corporate insiders.

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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