4,700 Shares in Jabil, Inc. $JBL Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Jabil, Inc. (NYSE:JBL) in the second quarter, Holdings Channel reports. The fund bought 4,700 shares of the technology company’s stock, valued at approximately $1,812,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of JBL. California State Teachers Retirement System grew its stake in shares of Jabil by 48,703.0% in the 2nd quarter. California State Teachers Retirement System now owns 59,888,558 shares of the technology company’s stock valued at $23,085,841,000 after buying an additional 59,765,843 shares during the period. BlackRock Inc. acquired a new position in Jabil in the second quarter valued at about $3,905,704,000. Primecap Management Co. CA purchased a new position in Jabil during the second quarter worth about $1,220,861,000. Norges Bank acquired a new stake in shares of Jabil during the fourth quarter valued at about $407,299,000. Finally, Bank of America Corp DE acquired a new stake in shares of Jabil during the second quarter valued at about $447,882,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jabil

In other Jabil news, EVP Matthew Crowley sold 94 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the sale, the executive vice president directly owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. This represents a 0.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.35% of the company’s stock.

Jabil Price Performance

Shares of NYSE JBL opened at $317.78 on Friday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66. The company has a market cap of $33.30 billion, a price-to-earnings ratio of 39.67, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The stock’s 50-day moving average is $321.56 and its two-hundred day moving average is $320.92. Jabil, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.06. Jabil had a return on equity of 83.93% and a net margin of 2.57%.The business had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the previous year, the company posted $2.55 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. Analysts forecast that Jabil, Inc. will post 11.71 EPS for the current fiscal year.

Jabil Dividend Announcement

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

Analysts Set New Price Targets

JBL has been the topic of several recent analyst reports. UBS Group upgraded shares of Jabil from a “neutral” rating to a “buy” rating and set a $430.00 price objective on the stock in a report on Tuesday, August 11th. Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Weiss Ratings upgraded Jabil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Robert W. Baird raised their price target on Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Finally, The Goldman Sachs Group dropped their price objective on Jabil from $482.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $441.78.

Jabil Company 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.