L2 Asset Management LLC Lowers Holdings in Jabil, Inc. $JBL

L2 Asset Management LLC decreased its holdings in shares of Jabil, Inc. (NYSE:JBL) by 16.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,666 shares of the technology company’s stock after selling 5,295 shares during the quarter. L2 Asset Management LLC’s holdings in Jabil were worth $6,008,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Primecap Management Co. CA increased its position in shares of Jabil by 0.7% during the 2nd quarter. Primecap Management Co. CA now owns 3,410,410 shares of the technology company’s stock worth $743,810,000 after purchasing an additional 24,650 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Jabil by 5.9% in the second quarter. JPMorgan Chase & Co. now owns 2,302,307 shares of the technology company’s stock valued at $502,133,000 after buying an additional 129,212 shares during the last quarter. Boston Partners boosted its stake in Jabil by 224.4% during the second quarter. Boston Partners now owns 1,898,681 shares of the technology company’s stock worth $414,119,000 after buying an additional 1,313,338 shares during the period. Norges Bank purchased a new position in Jabil during the second quarter worth about $323,338,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Jabil by 1,157.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,454,915 shares of the technology company’s stock valued at $315,964,000 after acquiring an additional 1,339,247 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JBL. Wall Street Zen downgraded shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. UBS Group lifted their target price on shares of Jabil from $244.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 16th. The Goldman Sachs Group restated a “buy” rating and set a $282.00 price target on shares of Jabil in a research note on Thursday, January 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Jabil currently has an average rating of “Moderate Buy” and a consensus target price of $270.50.

Insiders Place Their Bets

In related news, CEO Michael Dastoor sold 15,000 shares of Jabil stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $246.91, for a total value of $3,703,650.00. Following the completion of the transaction, the chief executive officer directly owned 262,566 shares in the company, valued at approximately $64,830,171.06. This trade represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Gary K. Schick sold 422 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $243.77, for a total value of $102,870.94. Following the transaction, the senior vice president directly owned 41,843 shares of the company’s stock, valued at $10,200,068.11. The trade was a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 161,529 shares of company stock valued at $37,901,485. 1.35% of the stock is owned by company insiders.

Jabil Trading Up 3.1%

NYSE JBL opened at $258.30 on Tuesday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.67 and a current ratio of 0.99. The firm has a market cap of $27.28 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 1.59 and a beta of 1.22. The firm has a 50 day simple moving average of $250.15 and a 200-day simple moving average of $226.98. Jabil, Inc. has a one year low of $108.66 and a one year high of $281.37.

Jabil (NYSE:JBL) last announced its earnings results 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. Jabil had a net margin of 2.26% and a return on equity of 75.96%. The firm had revenue of $8.31 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the prior year, the firm earned $2.00 EPS. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. Jabil has set its FY 2026 guidance at 11.550-11.550 EPS and its Q2 2026 guidance at 2.270-2.670 EPS. Equities research analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Tuesday, February 17th. Jabil’s dividend payout ratio (DPR) is presently 4.98%.

Jabil 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.