Legal & General Group Plc Makes New Investment in Jabil, Inc. $JBL

Legal & General Group Plc bought a new stake in Jabil, Inc. (NYSE:JBL) in the second quarter, HoldingsChannel reports. The fund bought 377,839 shares of the technology company’s stock, valued at approximately $145,649,000.

Several other large investors also recently modified their holdings of JBL. Empirical Finance LLC raised its position in shares of Jabil by 0.6% during the first quarter. Empirical Finance LLC now owns 5,405 shares of the technology company’s stock worth $1,436,000 after purchasing an additional 31 shares during the period. Assetmark Inc. grew its position in shares of Jabil by 10.6% in the 1st quarter. Assetmark Inc. now owns 344 shares of the technology company’s stock valued at $91,000 after purchasing an additional 33 shares during the period. PenderFund Capital Management Ltd. increased its stake in Jabil by 3.3% during the 4th quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company’s stock worth $287,000 after purchasing an additional 40 shares in the last quarter. Root Financial Partners LLC increased its stake in Jabil by 11.1% during the 1st quarter. Root Financial Partners LLC now owns 432 shares of the technology company’s stock worth $115,000 after purchasing an additional 43 shares in the last quarter. Finally, Cidel Asset Management Inc. raised its holdings in Jabil by 4.8% during the 1st quarter. Cidel Asset Management Inc. now owns 991 shares of the technology company’s stock worth $263,000 after buying an additional 45 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Jabil

In related news, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $345.00, for a total value of $32,430.00. Following the sale, the executive vice president owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.35% of the stock is owned by insiders.

Jabil Trading Up 0.5%

NYSE:JBL opened at $312.60 on Friday. The company has a market cap of $32.76 billion, a P/E ratio of 39.03, a price-to-earnings-growth ratio of 0.93 and a beta of 1.30. Jabil, Inc. has a twelve month low of $189.60 and a twelve month high of $428.93. The business has a 50 day moving average price of $334.90 and a two-hundred day moving average price of $317.72. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 2.17.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.10 by $0.06. The business had revenue of $8.75 billion during the quarter, compared to analysts’ expectations of $8.61 billion. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.55 earnings per share. 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, analysts expect that Jabil, Inc. will post 11.71 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be issued a $0.08 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 4.00%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus set a $460.00 price target on shares of Jabil and gave the company a “buy” rating in a research note on Thursday, June 18th. Raymond James Financial increased their price objective on shares of Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a research report on Thursday, June 18th. Bank of America reaffirmed a “buy” rating and issued a $470.00 price objective on shares of Jabil in a research report on Thursday, June 18th. The Goldman Sachs Group upped their target price on shares of Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Barclays increased their target price on Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Jabil presently has an average rating of “Buy” and an average price target of $453.67.

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.