Jabil, Inc. $JBL Stock: Pictet Asset Management Holding SA Raises Stake

Pictet Asset Management Holding SA increased its stake in Jabil, Inc. (NYSE:JBL) by 10.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,839 shares of the technology company’s stock after purchasing an additional 5,847 shares during the quarter. Pictet Asset Management Holding SA owned 0.06% of Jabil worth $17,739,000 at the end of the most recent quarter.

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

Insider Activity at Jabil

In related news, EVP Matthew Crowley sold 3,922 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $290.00, for a total value of $1,137,380.00. Following the transaction, the executive vice president owned 63,410 shares of the company’s stock, valued at $18,388,900. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Gary K. Schick sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $277.16, for a total transaction of $277,160.00. Following the completion of the transaction, the senior vice president owned 37,314 shares in the company, valued at $10,341,948.24. This represents a 2.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on JBL shares. UBS Group reissued a “buy” rating and issued a $430.00 price objective on shares of Jabil in a research note on Thursday, October 8th. Bank of America lifted their target price on Jabil from $470.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Weiss Ratings downgraded Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 16th. Zacks Research upgraded shares of Jabil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Finally, Argus reaffirmed a “buy” rating and set a $475.00 target price on shares of Jabil in a research note on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $437.22.

Jabil Stock Up 0.4%

Shares of NYSE JBL opened at $260.03 on Friday. 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. The firm’s 50-day moving average price is $290.32 and its 200-day moving average price is $307.14. The stock has a market capitalization of $26.78 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 0.78 and a beta of 1.34.

Jabil (NYSE:JBL) last posted 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. Jabil had a return on equity of 89.50% and a net margin of 2.90%. The business had revenue of $10.62 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same period last year, the company 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. On average, equities research analysts anticipate that Jabil, Inc. will post 16.53 EPS for the current fiscal year.

Jabil Announces Dividend

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

Jabil Profile

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.