Bank of Nova Scotia Has $41.96 Million Stock Position in Jabil, Inc. $JBL

Bank of Nova Scotia boosted its position in Jabil, Inc. (NYSE:JBL) by 314.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,205 shares of the technology company’s stock after buying an additional 146,558 shares during the quarter. Bank of Nova Scotia owned approximately 0.18% of Jabil worth $41,958,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of JBL. First Horizon Corp bought a new stake in Jabil during the third quarter valued at about $30,000. True Wealth Design LLC increased its stake in shares of Jabil by 250.0% in the third quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after purchasing an additional 100 shares during the period. Traub Capital Management LLC bought a new position in shares of Jabil in the second quarter worth about $33,000. Banque Cantonale Vaudoise acquired a new position in shares of Jabil during the 3rd quarter worth about $43,000. Finally, Rothschild Investment LLC lifted its position in shares of Jabil by 51.1% during the 3rd quarter. Rothschild Investment LLC now owns 213 shares of the technology company’s stock worth $46,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling

In other news, EVP Steven D. Borges sold 10,000 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $235.00, for a total value of $2,350,000.00. Following the completion of the transaction, the executive vice president owned 90,524 shares in the company, valued at approximately $21,273,140. This represents a 9.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark T. Mondello sold 50,000 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $225.32, for a total transaction of $11,266,000.00. Following the transaction, the chairman directly owned 1,171,459 shares of the company’s stock, valued at $263,953,141.88. The trade was a 4.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 161,529 shares of company stock worth $37,901,485. Insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, February 16th. Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Bank of America set a $265.00 price objective on Jabil in a research report on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research note on Friday, January 9th. Finally, UBS Group upped their target price on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $270.50.

Jabil Price Performance

Shares of JBL stock opened at $250.81 on Monday. The stock has a 50 day moving average of $249.46 and a two-hundred day moving average of $226.64. The company has a current ratio of 0.99, a quick ratio of 0.67 and a debt-to-equity ratio of 1.77. Jabil, Inc. has a 12 month low of $108.66 and a 12 month high of $281.37. The company has a market capitalization of $26.49 billion, a P/E ratio of 39.01, a P/E/G ratio of 1.59 and a beta of 1.22.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, December 17th. The technology company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.15. The company had revenue of $8.31 billion for the quarter, compared to analyst estimates of $8.07 billion. Jabil had a return on equity of 75.96% and a net margin of 2.26%.Jabil’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.00 EPS. Jabil has set its FY 2026 guidance at 11.550-11.550 EPS and its Q2 2026 guidance at 2.270-2.670 EPS. As a group, equities analysts expect that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, February 17th. Jabil’s payout ratio is 4.98%.

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.