VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Jabil, Inc. $JBL

Key Points

• Virginia Retirement Systems initiated a position in Jabil during the second quarter, purchasing 4,700 shares valued at approximately $1.812 million. Institutional investors and hedge funds collectively own 93.39% of the company.
• Jabil reported quarterly earnings of $3.16 per share and revenue of $8.75 billion, exceeding analyst estimates, while revenue increased 11.8% year over year.
• Analysts maintain a consensus “Buy” rating with an average price target of $441.78, well above the reported share price of $317.78. Jabil also pays a quarterly dividend of $0.08 per share.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Jabil, Inc. (NYSE:JBL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,700 shares of the technology company's stock, valued at approximately $1,812,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBL. Integrated Wealth Concepts LLC lifted its holdings in shares of Jabil by 34.4% during the first quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company's stock worth $382,000 after purchasing an additional 720 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Jabil by 70.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company's stock worth $2,493,000 after buying an additional 7,602 shares during the period. Focus Partners Wealth raised its position in Jabil by 20.0% during the 1st quarter. Focus Partners Wealth now owns 4,967 shares of the technology company's stock worth $676,000 after buying an additional 829 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Jabil by 50.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company's stock valued at $79,000 after acquiring an additional 194 shares during the period. Finally, Jump Financial LLC acquired a new stake in Jabil during the 2nd quarter valued at approximately $488,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Stock Up 4.9%

JBL stock opened at $317.78 on Friday. Jabil, Inc. has a one year low of $189.60 and a one year high of $428.93. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.66 and a current ratio of 0.98. The firm's fifty day moving average is $321.56 and its 200 day moving average is $320.92. The firm 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 issued its quarterly earnings data 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. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The business had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter in the prior year, the firm posted $2.55 earnings per share. The company's revenue was up 11.8% compared to the same quarter last year. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. On average, research analysts forecast that Jabil, Inc. will post 11.71 EPS for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were given a dividend of $0.08 per share. The ex-dividend date was Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil's dividend payout ratio is currently 4.00%.

Analyst Ratings Changes

A number of research firms have recently weighed in on JBL. Argus set a $475.00 price objective on shares of Jabil in a research note on Thursday, June 18th. Stifel Nicolaus set a $460.00 price target on shares of Jabil and gave the company a "buy" rating in a report on Thursday, June 18th. The Goldman Sachs Group cut their price target on Jabil from $482.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday. Raymond James Financial lifted their price objective on Jabil from $425.00 to $450.00 and gave the company a "strong-buy" rating in a research note on Thursday, June 18th. Finally, Robert W. Baird upped their target price on Jabil from $355.00 to $440.00 and gave the stock an "outperform" rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $441.78.

Insider Buying and Selling

In other news, EVP Matthew Crowley sold 94 shares of the business's stock in a transaction that occurred on Monday, July 6th. The stock was 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 directly owned 57,536 shares in the company, valued at $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.35% of the company's stock.

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.

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