Russell Investments Group Ltd. Sells 10,245 Shares of Jabil, Inc. $JBL

by · The Cerbat Gem

Russell Investments Group Ltd. lowered its position in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 352,757 shares of the technology company’s stock after selling 10,245 shares during the quarter. Russell Investments Group Ltd. owned about 0.33% of Jabil worth $76,936,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JBL. GFG Capital LLC purchased a new position in Jabil during the 2nd quarter valued at about $26,000. Traub Capital Management LLC purchased a new stake in Jabil in the second quarter worth about $33,000. Groupe la Francaise increased its stake in shares of Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after purchasing an additional 64 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Jabil by 45.8% during the second quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock valued at $34,000 after purchasing an additional 49 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its position in shares of Jabil by 757.1% in the 2nd quarter. Westside Investment Management Inc. now owns 180 shares of the technology company’s stock worth $39,000 after purchasing an additional 159 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JBL. Bank of America raised their price objective on Jabil from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, September 26th. UBS Group set a $241.00 target price on Jabil in a research note on Sunday, September 28th. Raymond James Financial set a $260.00 price target on Jabil in a report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jabil in a research note on Tuesday, October 14th. Finally, Zacks Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and a consensus price target of $248.43.

Get Our Latest Research Report on JBL

Jabil Trading Up 1.8%

Shares of NYSE:JBL opened at $207.63 on Thursday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.00 and a quick ratio of 0.66. Jabil, Inc. has a 1 year low of $108.66 and a 1 year high of $237.14. The company has a market cap of $22.18 billion, a P/E ratio of 34.84, a PEG ratio of 1.58 and a beta of 1.26. The stock’s fifty day moving average price is $210.08 and its 200-day moving average price is $205.57.

Jabil (NYSE:JBL – Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The technology company reported $3.29 EPS for the quarter, topping the consensus estimate of $2.92 by $0.37. Jabil had a return on equity of 68.63% and a net margin of 2.20%.The company had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.63 billion. During the same period last year, the company earned $2.30 EPS. Jabil’s revenue for the quarter was up 18.5% on a year-over-year basis. Jabil has set its Q1 2026 guidance at 2.470-2.870 EPS. FY 2026 guidance at 11.000-11.000 EPS. Sell-side analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, November 17th. Jabil’s payout ratio is presently 5.37%.

Insider Activity at Jabil

In related news, EVP Matthew Crowley sold 3,877 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $202.59, for a total value of $785,441.43. Following the sale, the executive vice president owned 58,736 shares in the company, valued at approximately $11,899,326.24. This trade represents a 6.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Gregory B. Hebard sold 6,086 shares of Jabil stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $213.54, for a total transaction of $1,299,604.44. Following the completion of the sale, the chief financial officer directly owned 58,526 shares of the company’s stock, valued at approximately $12,497,642.04. This trade represents a 9.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 131,762 shares of company stock valued at $27,886,321 over the last quarter. 1.73% of the stock is owned by company insiders.

Jabil Company Profile

(Free Report)

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).

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