Triasima Portfolio Management inc. Purchases 2,761 Shares of Jabil, Inc. $JBL

Triasima Portfolio Management inc. lifted its position in shares of Jabil, Inc. (NYSE:JBL) by 26.3% during the third quarter, HoldingsChannel reports. The firm owned 13,276 shares of the technology company’s stock after buying 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.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBL. Rakuten Securities Inc. bought a new stake in shares of Jabil in the 2nd quarter valued at $25,000. Bell Investment Advisors Inc acquired a new stake in Jabil during the 2nd quarter worth $35,000. PenderFund Capital Management Ltd. acquired a new stake in Jabil during the 2nd quarter worth $44,000. Persistent Asset Partners Ltd bought a new position in Jabil during the second quarter worth about $45,000. Finally, Jones Financial Companies Lllp bought a new position in Jabil during the second quarter worth about $46,000. 93.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JBL. UBS Group reiterated a “buy” rating on shares of Jabil in a research report on Thursday, October 8th. Stifel Nicolaus set a $460.00 target price on Jabil and gave the stock a “buy” rating in a research note on Thursday, June 18th. Robert W. Baird raised their target price on shares of Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Barclays cut their price target on shares of Jabil from $426.00 to $378.00 and set an “overweight” rating on the stock in a research note on Thursday, October 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Jabil from $425.00 to $430.00 and gave the company an “overweight” rating in a research note on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $434.22.

Jabil Stock Performance

JBL opened at $286.54 on Friday. Jabil, Inc. has a 52-week low of $189.60 and a 52-week high of $428.93. The firm has a market capitalization of $30.03 billion, a PE ratio of 29.30, a PEG ratio of 0.88 and a beta of 1.30. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.65 and a current ratio of 0.99. The business’s 50-day simple moving average is $314.04 and its 200 day simple moving average is $328.67.

Jabil (NYSE:JBL) last issued its quarterly 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 firm had revenue of $10.62 billion during the quarter, compared to analysts’ expectations of $9.69 billion. Jabil had a return on equity of 89.50% and a net margin of 2.90%. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period 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, sell-side analysts expect that Jabil, Inc. will post 16.53 earnings per share for the current fiscal 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.