Simmons Bank purchased a new stake in Jabil, Inc. (NYSE:JBL – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,380 shares of the technology company’s stock, valued at approximately $301,000.
A number of other institutional investors have also made changes to their positions in JBL. GFG Capital LLC bought a new stake in Jabil during the 2nd quarter valued at approximately $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 worth $34,000 after buying an additional 49 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Jabil by 757.1% during the second quarter. Westside Investment Management Inc. now owns 180 shares of the technology company’s stock worth $39,000 after buying an additional 159 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Jabil by 45.4% in the second quarter. Hantz Financial Services Inc. now owns 189 shares of the technology company’s stock valued at $41,000 after acquiring an additional 59 shares during the period. Finally, Groupe la Francaise grew its stake in shares of 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 acquiring an additional 64 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Jabil
In other Jabil news, EVP Kristine Melachrino sold 6,579 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $213.40, for a total transaction of $1,403,958.60. Following the sale, the executive vice president owned 33,718 shares of the company’s stock, valued at $7,195,421.20. This represents a 16.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory B. Hebard sold 6,086 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $213.54, for a total transaction of $1,299,604.44. Following the completion of the sale, the chief financial officer owned 58,526 shares of the company’s stock, valued at $12,497,642.04. The trade was a 9.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 131,762 shares of company stock worth $27,886,321 over the last quarter. Corporate insiders own 1.73% of the company’s stock.
Jabil Price Performance
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). Jabil had a return on equity of 68.63% and a net margin of 2.20%.The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $7.63 billion. During the same period in the previous year, the business posted $2.30 EPS. The business’s quarterly revenue was up 18.5% on a year-over-year basis. Jabil has set its Q1 2026 guidance at 2.470-2.870 EPS. FY 2026 guidance at 11.000-11.000 EPS. On average, equities analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.
Jabil Dividend Announcement
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 issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, November 17th. Jabil’s dividend payout ratio is presently 5.37%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on JBL. Barclays increased their price target on shares of Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jabil in a research note on Tuesday, October 14th. JPMorgan Chase & Co. lifted their target price on Jabil from $214.00 to $256.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, UBS Group set a $241.00 price objective on shares of Jabil in a research note on Sunday, September 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $248.43.
Check Out Our Latest Report on Jabil
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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