Jabil, Inc. $JBL Stock: Triasima Portfolio Management inc. Grows Stake

Triasima Portfolio Management inc. increased its position in shares of Jabil, Inc. (NYSE:JBL) by 26.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,276 shares of the technology company’s stock after acquiring an additional 2,761 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Jabil were worth $3,808,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new stake in Jabil during the 2nd quarter worth about $25,000. Bell Investment Advisors Inc acquired a new position in Jabil during the 2nd quarter valued at about $35,000. PenderFund Capital Management Ltd. bought a new position in shares of Jabil in the 2nd quarter valued at about $44,000. Persistent Asset Partners Ltd bought a new position in shares of Jabil in the 2nd quarter valued at about $45,000. Finally, Jones Financial Companies Lllp bought a new position in shares of Jabil in the 2nd quarter valued at about $46,000. Institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on JBL. The Goldman Sachs Group lowered their price target on shares of Jabil from $482.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, September 8th. Bank of America restated a “buy” rating and issued a $470.00 price objective on shares of Jabil in a report on Thursday, June 18th. Zacks Research raised shares of Jabil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Robert W. Baird raised their price objective on shares of Jabil from $355.00 to $440.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. Finally, Weiss Ratings lowered shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $434.22.

Jabil Trading Down 2.5%

NYSE JBL opened at $286.54 on Friday. The stock has a 50-day simple moving average of $314.04 and a 200 day simple moving average of $328.67. The company has a market capitalization of $30.03 billion, a PE ratio of 29.30, a P/E/G ratio of 0.88 and a beta of 1.30. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 1.78. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.35. Jabil had a return on equity of 89.50% and a net margin of 2.90%. The firm had revenue of $10.62 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the prior year, the firm posted $3.29 earnings per share. The company’s quarterly revenue 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. Research analysts forecast that Jabil, Inc. will post 16.53 EPS for the current year.

Jabil Profile

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.