State of Michigan Retirement System Acquires 300 Shares of Jabil, Inc. $JBL

State of Michigan Retirement System increased its holdings in shares of Jabil, Inc. (NYSE:JBL) by 0.8% during the second quarter, HoldingsChannel reports. The firm owned 36,000 shares of the technology company’s stock after buying an additional 300 shares during the period. State of Michigan Retirement System’s holdings in Jabil were worth $7,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GFG Capital LLC bought a new position in shares of Jabil during the second quarter valued at $26,000. Assetmark Inc. lifted its holdings in shares of Jabil by 45.8% during the second quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock valued at $34,000 after purchasing an additional 49 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Jabil by 45.4% during the second quarter. Hantz Financial Services Inc. now owns 189 shares of the technology company’s stock valued at $41,000 after purchasing an additional 59 shares in the last quarter. Groupe la Francaise lifted its holdings in Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after acquiring an additional 64 shares during the period. Finally, Financial Management Professionals Inc. lifted its holdings in Jabil by 58.1% in the second quarter. Financial Management Professionals Inc. now owns 264 shares of the technology company’s stock valued at $58,000 after acquiring an additional 97 shares during the period. 93.39% of the stock is owned by institutional investors.

Jabil Stock Performance

Shares of JBL opened at $220.06 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 1.57. The business has a 50-day simple moving average of $211.33 and a two-hundred day simple moving average of $198.76. The stock has a market cap of $23.51 billion, a price-to-earnings ratio of 36.92, a PEG ratio of 1.58 and a beta of 1.26. Jabil, Inc. has a 52 week low of $108.66 and a 52 week high of $237.14.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, September 25th. The technology company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.93). The company 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 business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, analysts expect that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, November 17th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is currently 5.37%.

Insider Activity

In related news, SVP Francis Mckay sold 2,526 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $224.47, for a total transaction of $567,011.22. Following the completion of the sale, the senior vice president owned 40,963 shares in the company, valued at approximately $9,194,964.61. This trade represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Matthew Crowley sold 727 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $211.60, for a total value of $153,833.20. Following the sale, the executive vice president owned 57,536 shares of the company’s stock, valued at $12,174,617.60. This represents a 1.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 111,309 shares of company stock valued at $23,369,748 in the last three months. 1.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Bank of America increased their target price on Jabil from $245.00 to $255.00 and gave the company a “buy” rating in a report on Friday, September 26th. Wall Street Zen raised Jabil from a “buy” rating to a “strong-buy” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Jabil in a report on Tuesday, October 14th. JPMorgan Chase & Co. increased their target price on Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, Raymond James Financial set a $260.00 target price on Jabil in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $248.43.

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).