Sumitomo Mitsui Trust Group Inc. Trims Stake in Jabil, Inc. $JBL

by · The Cerbat Gem

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,319 shares of the technology company’s stock after selling 8,811 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Jabil worth $53,286,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its position in shares of Jabil by 84.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 13,568 shares of the technology company’s stock worth $1,846,000 after purchasing an additional 6,225 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Jabil by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 242,977 shares of the technology company’s stock worth $33,062,000 after purchasing an additional 18,126 shares during the last quarter. OneDigital Investment Advisors LLC bought a new position in shares of Jabil in the first quarter worth approximately $214,000. Golden State Wealth Management LLC increased its position in shares of Jabil by 2,400.0% in the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company’s stock worth $37,000 after purchasing an additional 264 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Jabil by 88.3% in the first quarter. Janney Montgomery Scott LLC now owns 6,332 shares of the technology company’s stock worth $862,000 after purchasing an additional 2,969 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Performance

Shares of JBL stock opened at $211.25 on Tuesday. The stock has a fifty day moving average of $210.00 and a 200 day moving average of $195.29. Jabil, Inc. has a 52 week low of $108.66 and a 52 week high of $237.14. The firm has a market capitalization of $22.57 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 1.51 and a beta of 1.26. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 1.57.

Jabil (NYSE:JBL – Get Free Report) last announced its quarterly earnings results on Thursday, September 25th. The technology company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.93). Jabil had a return on equity of 68.63% and a net margin of 2.20%.The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $7.63 billion. During the same period in the previous year, the business earned $2.30 EPS. The business’s revenue was up 18.5% compared to the same quarter last year. Jabil has set its Q1 2026 guidance at 2.470-2.870 EPS. FY 2026 guidance at 11.000-11.000 EPS. As a group, research analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Jabil’s dividend payout ratio (DPR) is presently 5.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Bank of America increased their price target on shares of Jabil from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Raymond James Financial set a $260.00 price target on shares of Jabil in a research report on Thursday, September 25th. Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Wall Street Zen upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, Barclays increased their price target on shares of Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $248.43.

Read Our Latest Report on Jabil

Insiders Place Their Bets

In related news, EVP Matthew Crowley sold 3,877 shares of the firm’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $202.59, for a total value of $785,441.43. Following the completion of the sale, the executive vice president owned 58,736 shares of the company’s stock, valued at $11,899,326.24. This trade represents a 6.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mark T. Mondello sold 40,000 shares of the firm’s stock in a transaction on Friday, October 17th. The shares were sold at an average price of $207.77, for a total value of $8,310,800.00. Following the transaction, the chairman directly owned 1,258,942 shares of the company’s stock, valued at $261,570,379.34. This represents a 3.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,533 shares of company stock valued at $22,336,025 in the last ninety days. 1.73% of the stock is currently owned by insiders.

Jabil 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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