Jabil, Inc. $JBL Stock Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC trimmed its holdings in shares of Jabil, Inc. (NYSE:JBL) by 45.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,421 shares of the technology company’s stock after selling 2,025 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Jabil were worth $695,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. purchased a new stake in Jabil during the 2nd quarter valued at $25,000. Bell Investment Advisors Inc purchased a new position in Jabil during the second quarter worth $35,000. PenderFund Capital Management Ltd. bought a new position in Jabil during the second quarter valued at $44,000. Persistent Asset Partners Ltd purchased a new stake in shares of Jabil in the second quarter valued at $45,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Jabil in the 2nd quarter worth about $46,000. Institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Jabil from $425.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, October 1st. The Goldman Sachs Group cut their target price on Jabil from $482.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, September 8th. Zacks Research raised Jabil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. UBS Group reiterated a “buy” rating on shares of Jabil in a report on Thursday, October 8th. Finally, Barclays cut their price objective 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 assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $434.22.

Jabil Trading Down 1.0%

NYSE JBL opened at $287.89 on Friday. 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 quick ratio of 0.65 and a current ratio of 0.99. The company has a market capitalization of $29.64 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 0.87 and a beta of 1.30. The company’s 50-day simple moving average is $300.44 and its two-hundred day simple moving average is $306.54.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period last year, the firm earned $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. Equities analysts forecast that Jabil, Inc. will post 16.53 EPS for the current fiscal year.

Jabil Dividend Announcement

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

Insider Buying and Selling

In other Jabil news, SVP Gary Schick sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $277.16, for a total value 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 trade represents a 2.61% 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 Company 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.