Primecap Management Co. CA Purchases Shares of 3,167,120 Jabil, Inc. $JBL

Primecap Management Co. CA purchased a new position in Jabil, Inc. (NYSE:JBL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,167,120 shares of the technology company’s stock, valued at approximately $1,220,861,000. Primecap Management Co. CA owned approximately 3.02% of Jabil as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Jabil in the second quarter worth about $3,905,704,000. State Street Corp boosted its stake in Jabil by 0.7% during the third 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. Geode Capital Management LLC grew its holdings in Jabil by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company’s stock valued at $661,783,000 after buying an additional 42,422 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Jabil by 45.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock valued at $429,714,000 after buying an additional 591,364 shares in the last quarter. Finally, Norges Bank bought a new stake in Jabil in the 4th quarter worth approximately $407,299,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling

In other Jabil news, EVP Matthew Crowley sold 94 shares of the firm’s 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 completion of the sale, the executive vice president directly owned 57,536 shares in the company, valued at $19,849,920. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.35% of the stock is owned by insiders.

Jabil Price Performance

Shares of JBL stock opened at $309.05 on Wednesday. The firm has a market capitalization of $32.38 billion, a P/E ratio of 38.58, a P/E/G ratio of 0.91 and a beta of 1.30. 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 has a 50 day moving average price of $337.34 and a 200 day moving average price of $316.85.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, June 17th. The technology company reported $3.16 earnings per share (EPS) for the quarter, beating 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 firm 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 earned $2.55 earnings per share. Jabil’s quarterly revenue 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. As a group, sell-side analysts predict that Jabil, Inc. will post 11.71 earnings per share for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Friday, August 14th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s dividend payout ratio is presently 4.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JBL. Argus set a $475.00 price objective on Jabil in a report on Thursday, June 18th. JPMorgan Chase & Co. raised their target price on shares of Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. The Goldman Sachs Group upped their price target on shares of Jabil from $384.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Bank of America reiterated a “buy” rating and set a $470.00 price objective on shares of Jabil in a research report on Thursday, June 18th. Finally, Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $453.67.

Jabil 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.