Bank of Nova Scotia Takes $89.30 Million Position in Jabil, Inc. $JBL

Bank of Nova Scotia bought a new position in shares of Jabil, Inc. (NYSE:JBL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 231,670 shares of the technology company's stock, valued at approximately $89,304,000. Bank of Nova Scotia owned approximately 0.22% of Jabil as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Jabil during the second quarter valued at approximately $3,905,704,000. State Street Corp lifted its position in Jabil by 0.7% in the third quarter. State Street Corp now owns 5,199,646 shares of the technology company's stock worth $1,129,207,000 after purchasing an additional 36,646 shares during the period. Primecap Management Co. CA lifted its position in Jabil by 0.4% in the fourth quarter. Primecap Management Co. CA now owns 3,343,670 shares of the technology company's stock worth $762,424,000 after purchasing an additional 12,600 shares during the period. Geode Capital Management LLC boosted its stake in Jabil by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 2,913,157 shares of the technology company's stock worth $661,783,000 after buying an additional 42,422 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Jabil by 45.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company's stock valued at $429,714,000 after buying an additional 591,364 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Down 1.2%

Shares of NYSE JBL opened at $312.91 on Friday. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93. The firm's 50-day simple moving average is $340.28 and its 200 day simple moving average is $315.41. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 2.17. The company has a market cap of $32.79 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 0.94 and a beta of 1.30.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 17th. The technology company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.06. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The firm had revenue of $8.75 billion during the quarter, compared to analysts' expectations of $8.61 billion. During the same quarter last year, the company posted $2.55 EPS. The company's quarterly revenue was up 11.8% compared to the same quarter last year. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. On average, research analysts expect that Jabil, Inc. will post 11.71 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be paid 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 of this dividend is Friday, August 14th. Jabil's dividend payout ratio is 4.00%.

Insider Buying and Selling at Jabil

In related news, EVP Matthew Crowley sold 94 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the completion of the sale, the executive vice president owned 57,536 shares of the company's stock, valued at $19,849,920. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.35% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

JBL has been the subject of several recent research reports. Stifel Nicolaus set a $460.00 price target on shares of Jabil and gave the stock a "buy" rating in a research report on Thursday, June 18th. Weiss Ratings downgraded Jabil from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 12th. Bank of America reiterated a "buy" rating and set a $470.00 price objective on shares of Jabil in a research note on Thursday, June 18th. Barclays lifted their price objective on Jabil from $304.00 to $426.00 and gave the company an "overweight" rating in a report on Thursday, June 18th. Finally, UBS Group upgraded shares of Jabil from a "neutral" rating to a "buy" rating and set a $430.00 target price for the company in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $453.67.

Jabil Company Profile

Jabil Inc NYSE: JBL is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil's expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source