5,847 Jabil, Inc. $JBL Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its stake in shares of Jabil, Inc. (NYSE:JBL) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,839 shares of the technology company’s stock after acquiring an additional 5,847 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Jabil were worth $17,739,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Plancorp LLC bought a new position in shares of Jabil during the 3rd quarter worth approximately $342,000. Heritage Family Offices LLP acquired a new position in Jabil during the 3rd quarter valued at about $133,000. Calamos Wealth Management LLC grew its stake in shares of Jabil by 1.3% during the third quarter. Calamos Wealth Management LLC now owns 3,332 shares of the technology company’s stock worth $956,000 after acquiring an additional 44 shares during the last quarter. Alta Advisers Ltd purchased a new position in shares of Jabil in the 3rd quarter valued at approximately $214,000. Finally, Argonautica Private Wealth Management Inc. purchased a new stake in Jabil during the 3rd quarter worth approximately $427,000. Institutional investors own 93.39% of the company’s stock.

Insider Activity

In other news, SVP Gary K. Schick sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $277.16, for a total transaction of $277,160.00. Following the transaction, the senior vice president owned 37,314 shares of the company’s stock, valued at approximately $10,341,948.24. The trade was a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Matthew Crowley sold 3,922 shares of Jabil stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $290.00, for a total transaction of $1,137,380.00. Following the transaction, the executive vice president directly owned 63,410 shares in the company, valued at $18,388,900. This trade represents a 5.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Jabil from $425.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, October 1st. Argus reiterated a “buy” rating and issued a $475.00 price objective on shares of Jabil in a research note on Thursday, October 1st. Barclays decreased their target price on shares of Jabil from $426.00 to $378.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. UBS Group reaffirmed a “buy” rating and set a $430.00 target price on shares of Jabil in a report on Thursday, October 8th. Finally, Weiss Ratings lowered Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat.com, Jabil currently has an average rating of “Buy” and a consensus target price of $437.22.

Jabil Stock Performance

JBL opened at $260.03 on Friday. The firm’s fifty day simple moving average is $290.32 and its two-hundred day simple moving average is $307.14. Jabil, Inc. has a 52-week low of $189.60 and a 52-week high of $428.93. The company has a market cap of $26.78 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 0.78 and a beta of 1.34. The company has a quick ratio of 0.65, a current ratio of 0.99 and a debt-to-equity ratio of 1.78.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.35. Jabil had a net margin of 2.90% and a return on equity of 89.50%. The firm had revenue of $10.62 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the prior year, the firm earned $3.29 EPS. The company’s revenue for the quarter was up 28.6% on a year-over-year basis. Jabil has set its Q1 2027 guidance at 3.800-4.200 EPS and its FY 2027 guidance at 17.550-17.550 EPS. Equities analysts anticipate that Jabil, Inc. will post 16.53 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Monday, November 16th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, November 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s payout ratio is presently 3.27%.

About Jabil

Jabil Inc. is a global manufacturing services company that helps businesses design, engineer and produce products. Its services include product development, supply chain management, component sourcing, manufacturing, assembly and after-market support. The company serves customers across a range of industries, including healthcare, automotive, cloud and data center, industrial, aerospace and defense, and consumer markets. Its work spans products such as medical devices, electronic systems, infrastructure equipment and industrial components.