Jabil, Inc. $JBL Shares Bought by Deltec Asset Management LLC

Deltec Asset Management LLC increased its position in Jabil, Inc. (NYSE:JBL) by 206.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,334 shares of the technology company’s stock after purchasing an additional 20,434 shares during the period. Jabil accounts for about 1.4% of Deltec Asset Management LLC’s investment portfolio, making the stock its 19th biggest holding. Deltec Asset Management LLC’s holdings in Jabil were worth $8,702,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. bought a new stake in shares of Jabil during the 2nd quarter valued at about $25,000. Bell Investment Advisors Inc bought a new stake in Jabil during the 2nd quarter valued at $35,000. Reyes Financial Architecture Inc. acquired a new stake in Jabil in the third quarter worth about $41,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Jabil in the 2nd quarter worth approximately $44,000. Finally, Persistent Asset Partners Ltd bought a new position in Jabil during the 2nd quarter valued at $45,000. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Up 0.6%

Jabil stock opened at $275.63 on Tuesday. Jabil, Inc. has a 1-year low of $189.60 and a 1-year high of $428.93. The firm’s fifty day simple moving average is $303.80 and its 200-day simple moving average is $305.59. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $28.88 billion, a P/E ratio of 28.18, a P/E/G ratio of 0.82 and a beta of 1.30.

Jabil (NYSE:JBL) last announced its quarterly 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 return on equity of 89.50% and a net margin of 2.90%. The company had revenue of $10.62 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same quarter in the previous year, the firm earned $3.29 earnings per share. The business’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. Sell-side analysts forecast that Jabil, Inc. will post 16.53 earnings per share 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 paid a dividend of $0.08 per share. The ex-dividend date is Monday, November 16th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio is presently 3.27%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays lowered their price target on Jabil from $426.00 to $378.00 and set an “overweight” rating on the stock in a research report on Thursday, October 1st. The Goldman Sachs Group cut their price objective on Jabil from $482.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, September 8th. JPMorgan Chase & Co. raised their target price on shares of Jabil from $425.00 to $430.00 and gave the stock an “overweight” rating in a report on Thursday, October 1st. UBS Group reiterated a “buy” rating on shares of Jabil in a report on Thursday, October 8th. Finally, Argus reaffirmed a “buy” rating and set a $475.00 price objective on shares of Jabil in a research report on Thursday, October 1st. Two analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $434.22.

Insider Buying and Selling at Jabil

In related news, SVP Gary Schick sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $277.16, for a total transaction of $277,160.00. Following the transaction, the senior vice president owned 37,314 shares of the company’s stock, valued at approximately $10,341,948.24. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.35% of the company’s stock.

Jabil 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.