Jabil, Inc. $JBL Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in Jabil, Inc. (NYSE:JBL) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,820 shares of the technology company’s stock after purchasing an additional 9,914 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Jabil worth $66,500,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Jabil during the second quarter worth $3,905,704,000. Primecap Management Co. CA purchased a new position in shares of Jabil in the second quarter valued at $1,220,861,000. Bank of America Corp DE bought a new stake in shares of Jabil during the 2nd quarter valued at $447,882,000. Bank of New York Mellon Corp bought a new stake in shares of Jabil during the 2nd quarter valued at $411,079,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Jabil by 8.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 720,472 shares of the technology company’s stock worth $277,728,000 after purchasing an additional 57,506 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on JBL shares. Bank of America raised their price target on shares of Jabil from $470.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Zacks Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. UBS Group reiterated a “buy” rating and issued a $430.00 price objective on shares of Jabil in a research report on Thursday, October 8th. Barclays decreased their target price on Jabil from $426.00 to $378.00 and set an “overweight” rating on the stock in a research note on Thursday, October 1st. Finally, JPMorgan Chase & Co. raised their price target on Jabil from $425.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat, Jabil has an average rating of “Buy” and a consensus price target of $437.22.

Insider Buying and Selling

In other news, SVP Gary K. Schick sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $277.16, for a total transaction of $277,160.00. Following the sale, the senior vice president owned 37,314 shares of the company’s stock, valued at $10,341,948.24. This trade represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Matthew Crowley sold 3,922 shares of Jabil stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $290.00, for a total transaction of $1,137,380.00. Following the completion of the sale, the executive vice president directly owned 63,410 shares of the company’s stock, valued at approximately $18,388,900. This trade represents a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is owned by insiders.

Jabil Stock Up 1.8%

Shares of NYSE:JBL opened at $271.27 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.99 and a quick ratio of 0.65. Jabil, Inc. has a 1 year low of $189.60 and a 1 year high of $428.93. The company has a market cap of $27.93 billion, a PE ratio of 27.74, a P/E/G ratio of 0.80 and a beta of 1.34. The stock’s 50-day moving average is $297.94 and its 200 day moving average is $307.03.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 EPS for the quarter, topping the consensus estimate of $4.05 by $0.35. The business had revenue of $10.62 billion during the quarter, compared to analyst estimates of $9.69 billion. Jabil had a net margin of 2.90% and a return on equity of 89.50%. The company’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.29 EPS. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. Sell-side analysts anticipate that Jabil, Inc. will post 16.53 EPS for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Monday, November 16th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is 3.27%.

Jabil Company Profile

Jabil Inc is a global manufacturing services company that helps leading brands design, produce and manage the supply chains for a wide range of products. Its services include product design and engineering, electronics and mechanical manufacturing, assembly, testing, packaging, supply chain management and aftermarket services.

The company serves customers across several industries, including cloud and data center infrastructure, automotive, healthcare, mobility, consumer products, industrial technology and packaging.