Bank of Nova Scotia Grows Stock Holdings in Jabil, Inc. $JBL

Bank of Nova Scotia lifted its holdings in Jabil, Inc. (NYSE:JBL) by 89.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 46,647 shares of the technology company’s stock after buying an additional 22,037 shares during the quarter. Bank of Nova Scotia’s holdings in Jabil were worth $10,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JBL. GFG Capital LLC acquired a new stake in Jabil in the 2nd quarter valued at $26,000. Traub Capital Management LLC purchased a new stake in shares of Jabil in the second quarter worth about $33,000. Groupe la Francaise grew its stake in shares of Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after buying an additional 64 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Jabil by 45.8% during the 2nd quarter. Assetmark Inc. now owns 156 shares of the technology company’s stock valued at $34,000 after buying an additional 49 shares during the period. Finally, Westside Investment Management Inc. lifted its position in Jabil by 757.1% during the 2nd quarter. Westside Investment Management Inc. now owns 180 shares of the technology company’s stock worth $39,000 after acquiring an additional 159 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Up 0.8%

Shares of Jabil stock opened at $229.99 on Thursday. The business has a 50-day moving average price of $209.33 and a 200 day moving average price of $209.18. Jabil, Inc. has a fifty-two week low of $108.66 and a fifty-two week high of $237.14. The firm has a market cap of $24.57 billion, a P/E ratio of 38.59, a P/E/G ratio of 1.62 and a beta of 1.26. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 1.57.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, September 25th. The technology company reported $3.29 EPS for the quarter, topping the consensus estimate of $2.92 by $0.37. Jabil had a return on equity of 68.63% and a net margin of 2.20%.The company had revenue of $8.25 billion during the quarter, compared to analyst estimates of $7.63 billion. During the same quarter last year, the firm earned $2.30 EPS. The business’s revenue was up 18.5% on a year-over-year basis. Jabil has set its Q1 2026 guidance at 2.470-2.870 EPS and its FY 2026 guidance at 11.000-11.000 EPS. On average, sell-side analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, November 17th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s payout ratio is presently 5.37%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jabil in a research report on Tuesday, October 14th. Raymond James Financial set a $260.00 target price on shares of Jabil in a research note on Thursday, September 25th. UBS Group set a $241.00 price target on shares of Jabil in a report on Sunday, September 28th. Bank of America boosted their price objective on shares of Jabil from $255.00 to $262.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Zacks Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $249.43.

Insider Activity at Jabil

In related news, CFO Gregory B. Hebard sold 6,086 shares of the stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $213.54, for a total transaction of $1,299,604.44. Following the sale, the chief financial officer owned 58,526 shares in the company, valued at $12,497,642.04. This represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $212.20, for a total transaction of $4,244,000.00. Following the completion of the transaction, the chairman directly owned 1,221,459 shares in the company, valued at $259,193,599.80. This represents a 1.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 131,762 shares of company stock valued at $28,129,921 in the last ninety days. 1.73% of the stock is owned by insiders.

Jabil Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).