3,195 Shares in Jabil, Inc. $JBL Purchased by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC purchased a new position in shares of Jabil, Inc. (NYSE:JBL) in the 3rd quarter, Holdings Channel reports. The firm purchased 3,195 shares of the technology company’s stock, valued at approximately $1,016,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Jabil during the 2nd quarter worth $3,905,704,000. Primecap Management Co. CA acquired a new stake in Jabil in the second quarter valued at $1,220,861,000. Bank of America Corp DE purchased a new stake in Jabil during the 2nd quarter worth about $447,882,000. Bank of New York Mellon Corp purchased a new stake in Jabil during the 2nd quarter worth about $411,079,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Jabil by 844.8% during the 3rd 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. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JBL. Barclays lowered their price objective on Jabil from $426.00 to $378.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. Argus reissued a “buy” rating and set a $475.00 target price on shares of Jabil in a research report on Thursday, October 1st. JPMorgan Chase & Co. boosted their target price on Jabil from $425.00 to $430.00 and gave the stock an “overweight” rating in a research note on Thursday, October 1st. Weiss Ratings downgraded 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 report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat, Jabil has an average rating of “Buy” and an average price target of $434.22.

Jabil Stock Performance

JBL traded up $6.14 on Monday, reaching $284.39. The company had a trading volume of 409,237 shares, compared to its average volume of 1,230,145. Jabil, Inc. has a 1 year low of $189.60 and a 1 year high of $428.93. The stock has a market capitalization of $29.80 billion, a PE ratio of 29.08, a P/E/G 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. The stock has a 50-day moving average price of $312.78 and a 200-day moving average price of $328.88.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, September 30th. The technology company reported $4.40 earnings per share (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 the consensus estimate of $9.69 billion. Jabil had a net margin of 2.90% and a return on equity of 89.50%. Jabil’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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, research analysts forecast that Jabil, Inc. will post 16.53 EPS for the current fiscal year.

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.