Jabil, Inc. $JBL Shares Sold by Smith Group Asset Management LLC

Smith Group Asset Management LLC decreased its position in shares of Jabil, Inc. (NYSE:JBL) by 36.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 111,457 shares of the technology company’s stock after selling 64,240 shares during the period. Jabil makes up about 2.1% of Smith Group Asset Management LLC’s investment portfolio, making the stock its 20th biggest position. Smith Group Asset Management LLC’s holdings in Jabil were worth $31,973,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in JBL. BlackRock Inc. acquired a new position in Jabil in the 2nd quarter worth $3,905,704,000. Primecap Management Co. CA purchased a new stake in shares of Jabil during the second quarter worth about $1,220,861,000. Bank of America Corp DE purchased a new stake in shares of Jabil during the second quarter worth about $447,882,000. Bank of New York Mellon Corp purchased a new stake in shares of Jabil during the second quarter worth about $411,079,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Jabil by 844.8% in the third quarter. Assenagon Asset Management S.A. now owns 741,680 shares of the technology company’s stock worth $212,758,000 after acquiring an additional 663,178 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling

In related news, SVP Gary Schick sold 1,000 shares of Jabil stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $277.16, for a total value of $277,160.00. Following the completion of the transaction, the senior vice president directly owned 37,314 shares in the company, valued at approximately $10,341,948.24. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. The Goldman Sachs Group reduced their price target on Jabil from $482.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, September 8th. UBS Group restated a “buy” rating on shares of Jabil in a research note on Thursday, October 8th. JPMorgan Chase & Co. lifted their price objective on Jabil from $425.00 to $430.00 and gave the stock an “overweight” rating in a report on Thursday, October 1st. Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 16th. Finally, Barclays cut their target price on Jabil from $426.00 to $378.00 and set an “overweight” rating on the stock in a research report on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to MarketBeat, Jabil has a consensus rating of “Buy” and an average target price of $434.22.

Jabil Trading Up 2.8%

NYSE JBL opened at $291.10 on Thursday. The company has a market capitalization of $30.50 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 0.82 and a beta of 1.30. 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 12 month low of $189.60 and a 12 month high of $428.93. The company’s fifty day moving average price is $301.12 and its two-hundred day moving average price is $306.23.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.35. The company had revenue of $10.62 billion during the quarter, compared to the consensus estimate of $9.69 billion. Jabil had a net margin of 2.90% and a return on equity of 89.50%. The company’s revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, research analysts predict that Jabil, Inc. will post 16.53 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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 paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, November 16th. Jabil’s dividend payout ratio (DPR) is 3.27%.

Jabil 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.