Mirae Asset Global Investments Co. Ltd. Acquires 34,777 Shares of Jabil, Inc. $JBL

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Jabil, Inc. (NYSE:JBL) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 34,777 shares of the technology company’s stock, valued at approximately $9,976,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JBL. ProShare Advisors LLC lifted its holdings in shares of Jabil by 2.8% in the third quarter. ProShare Advisors LLC now owns 25,376 shares of the technology company’s stock worth $7,279,000 after acquiring an additional 692 shares during the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in shares of Jabil by 25.6% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 761 shares of the technology company’s stock valued at $218,000 after purchasing an additional 155 shares in the last quarter. Partners Wealth Management LLC bought a new stake in shares of Jabil during the 3rd quarter valued at approximately $203,000. Soltis Investment Advisors LLC bought a new stake in shares of Jabil during the 3rd quarter valued at approximately $338,000. Finally, North Dakota State Investment Board increased its position in Jabil by 143.2% during the 3rd quarter. North Dakota State Investment Board now owns 9,650 shares of the technology company’s stock worth $2,768,000 after purchasing an additional 5,682 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on JBL. UBS Group reissued a “buy” rating and issued a $430.00 price objective on shares of Jabil in a research note on Thursday, October 8th. Bank of America raised their target price on shares of Jabil from $470.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Zacks Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Weiss Ratings downgraded shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. Finally, The Goldman Sachs Group increased their price target on Jabil from $375.00 to $397.00 and gave the company a “buy” rating in a research note on Thursday, October 1st. Two analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $437.22.

Insider Activity at Jabil

In other news, SVP Gary Schick sold 1,000 shares of the firm’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 completion of the transaction, the senior vice president owned 37,314 shares of the company’s stock, valued at approximately $10,341,948.24. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Matthew Crowley sold 3,922 shares of the firm’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $290.00, for a total transaction of $1,137,380.00. Following the transaction, the executive vice president directly owned 63,410 shares of the company’s stock, valued at $18,388,900. The trade was a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.35% of the company’s stock.

Jabil Stock Performance

Shares of JBL stock opened at $258.71 on Thursday. The firm has a market capitalization of $26.64 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 0.82 and a beta of 1.34. 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 business’s 50-day moving average price is $296.93 and its 200-day moving average price is $307.06. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93.

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 the consensus estimate of $4.05 by $0.35. The company had revenue of $10.62 billion during the quarter, compared to the consensus estimate of $9.69 billion. Jabil had a return on equity of 89.50% and a net margin of 2.90%. The firm’s revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior 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. Equities research analysts forecast that Jabil, Inc. will post 16.53 EPS for the current year.

Jabil Dividend Announcement

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

About Jabil

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.