10 Worst 3D Printing and Additive Manufacturing Stocks To Buy

6. Jabil (NYSE:JBL)  

Short % of Float: 4.04%  

Number of Hedge Fund Investors in Q2 2024: 51  

Jabil (NYSE:JBL) offers additive manufacturing services as part of its broader advanced manufacturing capabilities. The company works with industries such as healthcare, aerospace, and automotive, delivering innovative solutions that include both traditional and additive manufacturing technologies. The company is revolutionizing the manufacturing industry through services, including material development, 3D printing, and digital parts production, to help customers design, make, and deliver products more efficiently.

The company’s additive manufacturing services offer 3D printing from prototype to production, with expertise in manufacturing rigours to ensure parts perform as expected. The digital parts and services division enables customers to shift from conventional design to innovative Design for Additive Manufacturability (DfAM), increasing efficiencies and design flexibility.

On September 10, 2024, Jabil Inc. (NYSE:JBL) announced that it had signed a Memorandum of Understanding (MoU) with the Tamil Nadu state government in India to establish a new facility in Tiruchirappalli, Tamil Nadu/ This move is seen as a strategic step by Jabil to tap into India’s growing manufacturing sector and complement its existing facility in Pune, Maharashtra, which has been operational since 2003. Commenting on the occasion, Matt Crowley, Executive Vice President of Global Business Units at Jabil (NYSE:JBL), said:

“India is emerging as a key manufacturing hub, and our expansion in India will enable us to meet and grow with the future needs of our customers.”

While 4.04% of the company’s shares are shorted, 51 hedge funds have maintained a bullish sentiment on the stock, with stakes worth $1.05 billion as of the second quarter. Alyeska Investment Group is the largest shareholder in the company, holding $165.87 million worth of stock as of June 30.