Nilsine Partners LLC boosted its position in Jabil, Inc. (NYSE:JBL – Free Report) by 292.9% during the second quarter, Holdings Channel reports. The fund owned 16,051 shares of the technology company’s stock after acquiring an additional 11,966 shares during the period. Nilsine Partners LLC’s holdings in Jabil were worth $6,187,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in JBL. Saudi Central Bank raised its position in Jabil by 89.5% during the second quarter. Saudi Central Bank now owns 7,385 shares of the technology company’s stock valued at $2,847,000 after purchasing an additional 3,487 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC purchased a new position in shares of Jabil in the 2nd quarter worth about $301,000. Angeles Wealth Management LLC purchased a new position in shares of Jabil in the 2nd quarter worth about $225,000. AlphaGrep UK Ltd bought a new position in shares of Jabil during the 2nd quarter valued at about $643,000. Finally, Three Seasons Wealth LLC purchased a new position in shares of Jabil during the 2nd quarter valued at about $781,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Wall Street Analyst Weigh In
JBL has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their target price on Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Raymond James Financial increased 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. Bank of America reissued a “buy” rating and set a $470.00 price target on shares of Jabil in a research note on Thursday, June 18th. Robert W. Baird boosted their price objective on shares of Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Finally, Barclays upped their price objective on shares of Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Jabil presently has an average rating of “Buy” and an average price target of $453.67.
Jabil Trading Up 1.5%
NYSE JBL opened at $310.50 on Friday. The firm has a market cap of $32.54 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 0.70 and a beta of 1.29. Jabil, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93. The stock has a 50-day moving average of $326.82 and a 200-day moving average of $319.19. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17.
Jabil (NYSE:JBL – Get Free Report) last posted its quarterly earnings results on Wednesday, June 17th. The technology company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.06. The business had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.61 billion. Jabil had a return on equity of 83.93% and a net margin of 2.57%.Jabil’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $2.55 EPS. 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 forecast that Jabil, Inc. will post 11.71 EPS for the current year.
Jabil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Friday, August 14th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, August 14th. Jabil’s payout ratio is presently 4.00%.
Insider Activity at Jabil
In related news, EVP Matthew Crowley sold 94 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $345.00, for a total transaction 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 represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.35% of the stock is currently owned by insiders.
About Jabil
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.
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