Jabil, Inc. $JBL Stock Position Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 844.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 741,680 shares of the technology company's stock after acquiring an additional 663,178 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.71% of Jabil worth $212,758,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in JBL. Fort Washington Investment Advisors Inc. OH grew its stake in Jabil by 16.1% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,238 shares of the technology company's stock valued at $355,000 after acquiring an additional 172 shares in the last quarter. Mather Group LLC. grew its holdings in Jabil by 3.3% in the 3rd quarter. Mather Group LLC. now owns 2,228 shares of the technology company's stock valued at $639,000 after buying an additional 71 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in Jabil in the 3rd quarter valued at $635,000. Signal Advisors Wealth LLC boosted its position in shares of Jabil by 118.8% during the 3rd quarter. Signal Advisors Wealth LLC now owns 5,443 shares of the technology company's stock valued at $1,561,000 after acquiring an additional 2,955 shares during the last quarter. Finally, Krilogy Financial LLC boosted its position in shares of Jabil by 20.7% during the 3rd quarter. Krilogy Financial LLC now owns 1,425 shares of the technology company's stock valued at $445,000 after acquiring an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on JBL. UBS Group reiterated a "buy" rating on shares of Jabil in a report on Thursday, October 8th. The Goldman Sachs Group lowered their price target on Jabil from $482.00 to $375.00 and set a "buy" rating for the company in a report on Tuesday, September 8th. Bank of America reissued a "buy" rating and set a $470.00 price objective on shares of Jabil in a research report on Thursday, June 18th. Weiss Ratings lowered shares of Jabil from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, September 16th. Finally, Zacks Research raised shares of Jabil from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat, Jabil presently has an average rating of "Buy" and a consensus target price of $434.22.

Jabil Trading Down 2.5%

Shares of NYSE JBL opened at $286.54 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. The stock 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. Jabil, Inc. has a twelve month low of $189.60 and a twelve month high of $428.93. The stock has a fifty day simple moving average of $314.04 and a 200-day simple moving average of $328.67.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results on Wednesday, September 30th. The technology company reported $4.40 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.62 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the prior year, the company earned $3.29 EPS. Jabil's revenue 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 analysts forecast that Jabil, Inc. will post 16.53 earnings per share for the current year.

About Jabil

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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