Jabil, Inc. $JBL Stock: Inspire Investing LLC Boosts Holdings

Inspire Investing LLC boosted its holdings in shares of Jabil, Inc. (NYSE:JBL) by 13.0% during the third quarter, HoldingsChannel reports. The fund owned 20,692 shares of the technology company’s stock after purchasing an additional 2,386 shares during the quarter. Inspire Investing LLC’s holdings in Jabil were worth $5,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBL. Rakuten Securities Inc. bought a new position in shares of Jabil during the second quarter valued at $25,000. Bell Investment Advisors Inc acquired a new position in shares of Jabil during the second quarter worth $35,000. Reyes Financial Architecture Inc. acquired a new position in shares of Jabil during the third quarter worth $41,000. PenderFund Capital Management Ltd. bought a new stake in shares of Jabil in the second quarter worth $44,000. Finally, Persistent Asset Partners Ltd acquired a new stake in Jabil in the second quarter valued at $45,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JBL has been the subject of several analyst reports. Barclays lowered their target price on Jabil from $426.00 to $378.00 and set an “overweight” rating for the company in a research 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. JPMorgan Chase & Co. upped their price target on Jabil from $425.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, October 1st. Argus reissued a “buy” rating and issued a $475.00 price target on shares of Jabil in a research note on Thursday, October 1st. Finally, Zacks Research upgraded Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $434.22.

Insider Buying and Selling

In related news, SVP Gary Schick sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $277.16, for a total transaction of $277,160.00. Following the completion of the sale, the senior vice president owned 37,314 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. 1.35% of the stock is owned by corporate insiders.

Jabil Trading Up 2.5%

JBL opened at $274.12 on Friday. Jabil, Inc. has a twelve month low of $189.60 and a twelve month high of $428.93. The company has a quick ratio of 0.65, a current ratio of 0.99 and a debt-to-equity ratio of 1.78. The company has a fifty day moving average of $304.50 and a 200-day moving average of $328.72. The stock has a market cap of $28.73 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 0.80 and a beta of 1.30.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.35. Jabil had a net margin of 2.90% and a return on equity of 89.50%. The business had revenue of $10.62 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter last year, the firm earned $3.29 earnings per share. Jabil’s quarterly revenue was up 28.6% on a year-over-year basis. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. On average, sell-side analysts predict that Jabil, Inc. will post 16.53 EPS for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Monday, November 16th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, November 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio is presently 3.27%.

About Jabil

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.