Jabil, Inc. $JBL Stock Holdings Reduced by Waycross Investment Management Co

Waycross Investment Management Co reduced its stake in Jabil, Inc. (NYSE:JBL) by 50.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,971 shares of the technology company’s stock after selling 6,056 shares during the period. Jabil accounts for 1.5% of Waycross Investment Management Co’s holdings, making the stock its 21st biggest holding. Waycross Investment Management Co’s holdings in Jabil were worth $1,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in JBL. First Citizens Bank & Trust Co. acquired a new stake in shares of Jabil in the 3rd quarter valued at about $635,000. Signal Advisors Wealth LLC raised its stake in Jabil by 118.8% during the 3rd quarter. Signal Advisors Wealth LLC now owns 5,443 shares of the technology company’s stock worth $1,561,000 after buying an additional 2,955 shares during the period. Krilogy Financial LLC raised its stake in Jabil by 20.7% during the 3rd quarter. Krilogy Financial LLC now owns 1,425 shares of the technology company’s stock worth $445,000 after buying an additional 244 shares during the period. Contravisory Investment Management Inc. raised its stake in Jabil by 5.5% during the 3rd quarter. Contravisory Investment Management Inc. now owns 3,821 shares of the technology company’s stock worth $1,096,000 after buying an additional 198 shares during the period. Finally, Riversedge Advisors LLC boosted its holdings in Jabil by 12.3% in the third quarter. Riversedge Advisors LLC now owns 794 shares of the technology company’s stock worth $228,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Down 7.6%

Shares of NYSE:JBL traded down $24.06 during mid-day trading on Wednesday, hitting $293.80. 527,912 shares of the company traded hands, compared to its average volume of 1,227,163. The stock has a 50-day moving average price of $316.14 and a two-hundred day moving average price of $328.28. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93. The stock has a market cap of $30.79 billion, a P/E ratio of 30.04, a P/E/G ratio of 0.94 and a beta of 1.30. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 1.78.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, September 30th. The technology company reported $4.40 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.35. Jabil had a return on equity of 89.50% and a net margin of 2.90%. The business had revenue of $10.62 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same period in the prior year, the firm posted $3.29 EPS. Jabil’s quarterly revenue was up 28.6% compared to the same quarter last year. 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, equities research analysts forecast that Jabil, Inc. will post 16.53 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were paid a $0.08 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio is presently 3.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on JBL shares. Raymond James Financial raised their price objective on Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a research note on Thursday, June 18th. Argus reaffirmed a “buy” rating and set a $475.00 target price on shares of Jabil in a research report on Thursday, October 1st. Robert W. Baird upped their target price on Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Bank of America reiterated a “buy” rating and issued a $470.00 target price on shares of Jabil in a report on Thursday, June 18th. Finally, 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 report on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $434.22.

About Jabil

Jabil Inc is a global manufacturing services and technology company that helps brands design, manufacture, and manage products and supply chains. Its capabilities include product design and engineering, prototyping, production, assembly, testing, packaging, logistics, and aftermarket services.

The company serves customers across a range of industries, including healthcare, automotive, cloud and data infrastructure, communications, connected devices, industrial equipment, energy, and consumer products.