Jabil, Inc. $JBL Holdings Raised by Allianz Asset Management GmbH

by · The Markets Daily

Allianz Asset Management GmbH lifted its stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 1,363.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 270,731 shares of the technology company’s stock after purchasing an additional 252,229 shares during the quarter. Allianz Asset Management GmbH owned about 0.25% of Jabil worth $59,046,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of JBL. Wellington Management Group LLP grew its holdings in Jabil by 12.9% during the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company’s stock worth $892,096,000 after acquiring an additional 747,423 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Jabil by 119.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company’s stock worth $165,417,000 after acquiring an additional 662,938 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Jabil by 4,593.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 636,776 shares of the technology company’s stock worth $138,881,000 after acquiring an additional 623,208 shares during the period. Lord Abbett & CO. LLC acquired a new position in Jabil during the first quarter worth about $81,378,000. Finally, Jones Financial Companies Lllp grew its holdings in Jabil by 28,071.4% during the first quarter. Jones Financial Companies Lllp now owns 343,409 shares of the technology company’s stock worth $46,728,000 after acquiring an additional 342,190 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Raymond James Financial set a $260.00 target price on Jabil in a report on Thursday, September 25th. Barclays lifted their price target on Jabil from $223.00 to $267.00 and gave the stock an “overweight” rating in a research note on Friday, September 26th. Wall Street Zen raised Jabil from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd. UBS Group set a $241.00 price target on Jabil in a research note on Sunday, September 28th. Finally, Bank of America lifted their price target on Jabil from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. One investment 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 stock. According to MarketBeat.com, Jabil currently has an average rating of “Moderate Buy” and a consensus price target of $248.43.

View Our Latest Stock Report on Jabil

Insiders Place Their Bets

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $214.84, for a total transaction of $4,296,800.00. Following the completion of the sale, the chairman directly owned 1,380,190 shares in the company, valued at approximately $296,520,019.60. This trade represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Steven A. Raymund sold 13,432 shares of the firm’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $223.11, for a total value of $2,996,813.52. Following the sale, the director owned 86,396 shares of the company’s stock, valued at $19,275,811.56. The trade was a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,416 shares of company stock valued at $18,367,889. 1.73% of the stock is owned by insiders.

Jabil Trading Down 0.4%

Shares of NYSE JBL opened at $208.96 on Friday. Jabil, Inc. has a one year low of $108.66 and a one year high of $237.14. The firm has a market capitalization of $22.43 billion, a PE ratio of 35.06, a PEG ratio of 1.49 and a beta of 1.26. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 1.57. The business has a 50-day moving average price of $211.71 and a two-hundred day moving average price of $191.09.

Jabil (NYSE:JBL – Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $7.63 billion. During the same quarter in the previous year, the business posted $2.30 earnings per share. The company’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, analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be given a dividend of $0.08 per share. The ex-dividend date 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%.

About Jabil

(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).

Further Reading

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