Meyer Handelman Co. Acquires 2,261 Shares of Jabil, Inc. $JBL

Meyer Handelman Co. boosted its stake in Jabil, Inc. (NYSE:JBL) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,569 shares of the technology company’s stock after purchasing an additional 2,261 shares during the period. Meyer Handelman Co.’s holdings in Jabil were worth $16,886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp grew its position in shares of Jabil by 0.7% in the 3rd quarter. State Street Corp now owns 5,199,646 shares of the technology company’s stock valued at $1,129,207,000 after buying an additional 36,646 shares during the last quarter. Primecap Management Co. CA raised its position in shares of Jabil by 0.4% during the fourth quarter. Primecap Management Co. CA now owns 3,343,670 shares of the technology company’s stock worth $762,424,000 after acquiring an additional 12,600 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Jabil by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock worth $661,783,000 after acquiring an additional 42,422 shares during the period. JPMorgan Chase & Co. boosted its holdings in Jabil by 45.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock valued at $429,714,000 after acquiring an additional 591,364 shares during the last quarter. Finally, Norges Bank acquired a new stake in Jabil during the 4th quarter valued at approximately $407,299,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Anousheh Ansari sold 2,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the transaction, the director owned 31,800 shares of the company’s stock, valued at $9,540,000. This represents a 5.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew Priestley sold 4,000 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $301.00, for a total value of $1,204,000.00. Following the completion of the sale, the executive vice president directly owned 60,267 shares of the company’s stock, valued at $18,140,367. The trade was a 6.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 35,981 shares of company stock valued at $10,812,410. Corporate insiders own 1.35% of the company’s stock.

Jabil Price Performance

Jabil stock opened at $374.33 on Friday. The stock has a market capitalization of $39.49 billion, a price-to-earnings ratio of 46.73, a PEG ratio of 1.11 and a beta of 1.28. Jabil, Inc. has a 52-week low of $189.60 and a 52-week 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 stock’s 50 day moving average price is $355.43 and its two-hundred day moving average price is $287.41.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, June 17th. The technology company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.06. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The company had revenue of $8.75 billion during the quarter, compared to analyst estimates of $8.61 billion. During the same quarter in the previous year, the business posted $2.55 EPS. Jabil’s revenue for the quarter 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, equities analysts predict that Jabil, Inc. will post 11.71 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio is currently 4.00%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Argus set a $475.00 price target on shares of Jabil in a report on Thursday, June 18th. JPMorgan Chase & Co. increased their price objective on shares of Jabil from $395.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. Bank of America reissued a “buy” rating and set a $470.00 target price on shares of Jabil in a research note on Thursday, June 18th. Zacks Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Raymond James Financial upped their price target on shares of Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and a consensus target price of $453.67.

Jabil Company Profile

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.