Ellsworth Advisors LLC Purchases New Holdings in Jabil, Inc. $JBL

Key Points

• Ellsworth Advisors purchased 20,216 Jabil shares during the third quarter, valued at approximately $5.8 million. Institutional investors collectively own 93.39% of Jabil’s outstanding stock.
• Analysts remain broadly positive, with Jabil receiving a consensus “Buy” rating and an average price target of $434.22, despite some target-price reductions and a minor downgrade from Weiss Ratings.
• Jabil’s latest quarter exceeded expectations: earnings per share came in at $4.40 versus the $4.05 consensus, while revenue rose 28.6% year over year to $10.62 billion.

Ellsworth Advisors LLC purchased a new position in shares of Jabil, Inc. (NYSE:JBL - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,216 shares of the technology company's stock, valued at approximately $5,799,000.

Other large investors also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in shares of Jabil in the 2nd quarter valued at $25,000. Bell Investment Advisors Inc purchased a new stake in shares of Jabil during the 2nd quarter valued at $35,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Jabil during the 2nd quarter worth $44,000. Persistent Asset Partners Ltd acquired a new stake in shares of Jabil during the 2nd quarter worth $45,000. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Jabil during the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on JBL shares. Argus reissued a "buy" rating and set a $475.00 target price on shares of Jabil in a research report on Thursday, October 1st. Bank of America restated a "buy" rating and issued a $470.00 price target on shares of Jabil in a report on Thursday, June 18th. 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 report on Thursday, October 1st. The Goldman Sachs Group reduced their price target on shares of Jabil from $482.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, September 8th. Finally, Weiss Ratings downgraded shares of Jabil from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $434.22.

Jabil Stock Performance

Shares of NYSE:JBL opened at $286.54 on Friday. The company has a market cap of $30.03 billion, a P/E 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. Jabil, Inc. has a one year low of $189.60 and a one year high of $428.93. The business's 50-day simple moving average is $314.04 and its 200 day simple moving average is $328.67.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results 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. Jabil had a return on equity of 89.50% and a net margin of 2.90%. The firm had revenue of $10.62 billion during the quarter, compared to analysts' expectations of $9.69 billion. During the same quarter in the prior year, the business earned $3.29 EPS. Jabil's quarterly revenue was up 28.6% compared to the same quarter last year. 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, sell-side analysts forecast 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.

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