Jabil, Inc. $JBL Shares Newly Bought by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC purchased a new stake in Jabil, Inc. (NYSE:JBL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,195 shares of the technology company’s stock, valued at approximately $1,016,000.

Several other large investors have also recently made changes to their positions in the stock. IFP Advisors Inc increased its holdings in Jabil by 1.9% in the 3rd quarter. IFP Advisors Inc now owns 2,984 shares of the technology company’s stock valued at $856,000 after purchasing an additional 55 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC lifted its stake in Jabil by 18.3% during the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 923 shares of the technology company’s stock worth $265,000 after purchasing an additional 143 shares in the last quarter. Pension & Wealth Management Advisors Inc. acquired a new position in Jabil during the third quarter worth $333,000. Ellsworth Advisors LLC acquired a new position in Jabil during the third quarter worth $5,799,000. Finally, Walser Wealth Management Company A Ltd Liability Co purchased a new position in shares of Jabil during the third quarter worth $352,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Stock Up 2.2%

JBL stock traded up $6.14 during midday trading on Monday, hitting $284.39. The company’s stock had a trading volume of 409,237 shares, compared to its average volume of 1,230,145. The firm has a 50-day simple moving average of $312.78 and a 200-day simple moving average of $328.88. The firm has a market capitalization of $29.80 billion, a P/E ratio of 29.08, a PEG ratio of 0.84 and a beta of 1.30. 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, Inc. has a 52-week low of $189.60 and a 52-week high of $428.93.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.35. The business had revenue of $10.62 billion for 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 company’s revenue was up 28.6% on a year-over-year basis. During the same quarter 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, equities analysts forecast that Jabil, Inc. will post 16.53 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JBL. Argus reaffirmed a “buy” rating and issued a $475.00 price objective on shares of Jabil in a research note on Thursday, October 1st. The Goldman Sachs Group decreased their target price on Jabil from $482.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, September 8th. Barclays lowered their target price on Jabil from $426.00 to $378.00 and set an “overweight” rating for the company in a report on Thursday, October 1st. Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. Finally, Zacks Research raised Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat, Jabil presently has an average rating of “Buy” and an average target price of $434.22.

Jabil Company Profile

Jabil Inc is a global manufacturing services company that helps leading brands design, produce and manage the supply chains for a wide range of products. Its services include product design and engineering, electronics and mechanical manufacturing, assembly, testing, packaging, supply chain management and aftermarket services.

The company serves customers across several industries, including cloud and data center infrastructure, automotive, healthcare, mobility, consumer products, industrial technology and packaging.