North Growth Management Ltd. Trims Stake in Jabil, Inc. $JBL

by · The Cerbat Gem

North Growth Management Ltd. decreased its position in shares of Jabil, Inc. (NYSE:JBL – Free Report) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,000 shares of the technology company’s stock after selling 7,000 shares during the quarter. Jabil comprises approximately 7.7% of North Growth Management Ltd.’s investment portfolio, making the stock its 2nd largest position. North Growth Management Ltd. owned approximately 0.19% of Jabil worth $43,830,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC bought a new position in shares of Jabil in the 2nd quarter worth about $275,000. JPMorgan Chase & Co. grew its stake in Jabil by 5.9% during the second quarter. JPMorgan Chase & Co. now owns 2,302,307 shares of the technology company’s stock worth $502,133,000 after purchasing an additional 129,212 shares during the period. Legal & General Group Plc increased its holdings in Jabil by 0.9% in the second quarter. Legal & General Group Plc now owns 413,902 shares of the technology company’s stock worth $90,272,000 after purchasing an additional 3,752 shares in the last quarter. Boston Partners lifted its stake in Jabil by 224.4% in the second quarter. Boston Partners now owns 1,898,681 shares of the technology company’s stock valued at $414,119,000 after buying an additional 1,313,338 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Jabil by 41.9% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 89,912 shares of the technology company’s stock worth $19,610,000 after buying an additional 26,554 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Jabil Stock Up 5.5%

Shares of NYSE:JBL opened at $240.52 on Friday. The business’s 50 day moving average is $217.42 and its 200 day moving average is $215.57. Jabil, Inc. has a 12-month low of $108.66 and a 12-month high of $240.66. The stock has a market cap of $25.69 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 1.54 and a beta of 1.25. The company has a quick ratio of 0.67, a current ratio of 0.99 and a debt-to-equity ratio of 1.77.

Jabil (NYSE:JBL – Get Free Report) last issued its quarterly earnings data on Wednesday, December 17th. The technology company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.15. Jabil had a return on equity of 75.96% and a net margin of 2.26%.The business had revenue of $8.31 billion for the quarter, compared to analysts’ expectations of $8.07 billion. During the same period last year, the business earned $2.00 EPS. The business’s revenue was up 18.7% on a year-over-year basis. Jabil has set its FY 2026 guidance at 11.550-11.550 EPS and its Q2 2026 guidance at 2.270-2.670 EPS. On average, sell-side analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were paid a $0.08 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio (DPR) is 4.98%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JBL. Bank of America lifted their price objective on shares of Jabil from $255.00 to $262.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Barclays lifted their price target on shares of Jabil from $267.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. The Goldman Sachs Group reiterated a “buy” rating and set a $255.00 price objective on shares of Jabil in a report on Thursday, December 18th. JPMorgan Chase & Co. raised their target price on Jabil from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Finally, UBS Group upped their price target on Jabil from $239.00 to $244.00 and gave the stock a “neutral” rating in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.29.

Get Our Latest Stock Analysis on JBL

Insider Activity

In other news, EVP Kristine Melachrino sold 6,579 shares of Jabil stock in a transaction on Friday, October 24th. The stock was sold at an average price of $213.40, for a total transaction of $1,403,958.60. Following the sale, the executive vice president directly owned 33,718 shares in the company, valued at $7,195,421.20. The trade was a 16.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Mark T. Mondello sold 50,000 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $225.32, for a total transaction of $11,266,000.00. Following the completion of the transaction, the chairman directly owned 1,171,459 shares in the company, valued at $263,953,141.88. This trade represents a 4.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 195,273 shares of company stock worth $42,737,555. Corporate insiders own 1.35% of the company’s stock.

About Jabil

(Free Report)

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.

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