Jabil, Inc. $JBL Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its stake in Jabil, Inc. (NYSE:JBL) by 12.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 36,758 shares of the technology company’s stock after selling 5,336 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Jabil were worth $10,544,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Jabil during the 2nd quarter valued at $3,905,704,000. Primecap Management Co. CA bought a new position in Jabil in the 2nd quarter worth about $1,220,861,000. Bank of America Corp DE bought a new position in Jabil in the 2nd quarter worth about $447,882,000. Bank of New York Mellon Corp bought a new position in Jabil in the 2nd quarter worth about $411,079,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Jabil by 8.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 720,472 shares of the technology company’s stock valued at $277,728,000 after buying an additional 57,506 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Jabil news, SVP Gary K. Schick sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 20th. The shares were 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 directly owned 37,314 shares in the company, valued at $10,341,948.24. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Matthew Crowley sold 3,922 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $290.00, for a total value of $1,137,380.00. Following the transaction, the executive vice president directly owned 63,410 shares in the company, valued at $18,388,900. This trade represents a 5.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.35% of the stock is owned by company insiders.

Jabil Stock Up 3.7%

Shares of NYSE JBL opened at $259.13 on Thursday. Jabil, Inc. has a one year low of $189.60 and a one year high of $428.93. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.99 and a quick ratio of 0.65. The firm’s 50 day simple moving average is $291.10 and its two-hundred day simple moving average is $307.05. The stock has a market capitalization of $26.68 billion, a P/E ratio of 26.50, a PEG ratio of 0.75 and a beta of 1.34.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, September 30th. The technology company reported $4.40 EPS for the quarter, topping the consensus estimate of $4.05 by $0.35. The firm had revenue of $10.62 billion for 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 business’s revenue was up 28.6% compared to the same quarter last year. During the same period last year, the firm posted $3.29 earnings per share. 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, analysts expect that Jabil, Inc. will post 16.53 EPS for the current fiscal 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 $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 presently 3.27%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on JBL shares. Argus reiterated a “buy” rating and set a $475.00 price target on shares of Jabil in a research report on Thursday, October 1st. Barclays cut their price objective on shares of Jabil from $426.00 to $378.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. Zacks Research upgraded shares of Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. UBS Group restated a “buy” rating and set a $430.00 price target on shares of Jabil in a research report on Thursday, October 8th. Finally, Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $437.22.

Jabil Profile

Jabil Inc. is a global manufacturing services company that helps businesses design, engineer and produce products. Its services include product development, supply chain management, component sourcing, manufacturing, assembly and after-market support. The company serves customers across a range of industries, including healthcare, automotive, cloud and data center, industrial, aerospace and defense, and consumer markets. Its work spans products such as medical devices, electronic systems, infrastructure equipment and industrial components.