20,216 Shares in Jabil, Inc. $JBL Bought by Ellsworth Advisors LLC

Ellsworth Advisors LLC acquired a new position in shares of Jabil, Inc. (NYSE:JBL) during the 3rd quarter, Holdings Channel reports. The firm acquired 20,216 shares of the technology company’s stock, valued at approximately $5,799,000.

A number of other institutional investors also recently made changes to their positions in the business. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of Jabil in the 3rd quarter valued at approximately $352,000. V Square Quantitative Management LLC grew its position in shares of Jabil by 32.5% during the third quarter. V Square Quantitative Management LLC now owns 1,607 shares of the technology company’s stock worth $461,000 after buying an additional 394 shares in the last quarter. Triasima Portfolio Management inc. grew its position in shares of Jabil by 26.3% during the third quarter. Triasima Portfolio Management inc. now owns 13,276 shares of the technology company’s stock worth $3,808,000 after buying an additional 2,761 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Jabil by 844.8% in the third quarter. Assenagon Asset Management S.A. now owns 741,680 shares of the technology company’s stock worth $212,758,000 after buying an additional 663,178 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in shares of Jabil by 16.1% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,238 shares of the technology company’s stock worth $355,000 after buying an additional 172 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Stock Performance

Shares of NYSE JBL opened at $286.54 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.99 and a debt-to-equity ratio of 1.78. The firm’s 50-day moving average price is $314.04 and its two-hundred day moving average price is $328.67. Jabil, Inc. has a 52-week low of $189.60 and a 52-week high of $428.93. The stock has a market capitalization of $30.03 billion, a P/E ratio of 29.30, a P/E/G ratio of 0.88 and a beta of 1.30.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, September 30th. The technology company reported $4.40 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 analyst estimates of $9.69 billion. Jabil had a return on equity of 89.50% and a net margin of 2.90%. The business’s revenue was up 28.6% compared to the same quarter last year. During the same period in the prior year, the company earned $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. As a group, sell-side analysts forecast that Jabil, Inc. will post 16.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Zacks Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. The Goldman Sachs Group decreased their price objective on shares of Jabil from $482.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, September 8th. Weiss Ratings lowered shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. UBS Group reissued a “buy” rating on shares of Jabil in a research report on Thursday, October 8th. Finally, Argus reissued a “buy” rating and issued a $475.00 target price on shares of Jabil in a research report on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $434.22.

About Jabil

Jabil Inc is a global manufacturing services and technology company that helps brands design, manufacture, and manage products and supply chains. Its capabilities include product design and engineering, prototyping, production, assembly, testing, packaging, logistics, and aftermarket services.

The company serves customers across a range of industries, including healthcare, automotive, cloud and data infrastructure, communications, connected devices, industrial equipment, energy, and consumer products.