L2 Asset Management LLC Takes Position in Jabil, Inc. $JBL

L2 Asset Management LLC bought a new position in Jabil, Inc. (NYSE:JBL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,926 shares of the technology company’s stock, valued at approximately $7,681,000.

Several other hedge funds and other institutional investors have also modified their holdings of JBL. Todd Asset Management LLC raised its stake in Jabil by 1.9% during the fourth quarter. Todd Asset Management LLC now owns 336,356 shares of the technology company’s stock worth $76,696,000 after acquiring an additional 6,179 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Jabil in the 4th quarter valued at $7,061,000. Jackson Creek Investment Advisors LLC grew its holdings in shares of Jabil by 386.2% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 11,290 shares of the technology company’s stock worth $2,574,000 after purchasing an additional 8,968 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Jabil in the 1st quarter worth about $1,333,000. Finally, Allstate Corp increased its position in shares of Jabil by 98.0% during the 4th quarter. Allstate Corp now owns 7,959 shares of the technology company’s stock worth $1,815,000 after purchasing an additional 3,939 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on JBL shares. JPMorgan Chase & Co. lifted their price target on shares of Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. The Goldman Sachs Group raised their price objective on shares of Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Stifel Nicolaus set a $460.00 target price on shares of Jabil and gave the company a “buy” rating in a research note on Thursday, June 18th. Zacks Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Finally, UBS Group upgraded Jabil from a “neutral” rating to a “buy” rating and set a $430.00 price target on the stock in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $453.67.

Jabil Stock Down 2.7%

Shares of NYSE JBL opened at $304.83 on Tuesday. The firm’s 50-day simple moving average is $338.69 and its 200 day simple moving average is $316.33. The company has a market cap of $31.94 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 0.94 and a beta of 1.30. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 2.17. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.06. The firm had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.61 billion. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.55 EPS. Jabil has set its FY 2026 guidance at 12.700-12.700 EPS and its Q4 2026 guidance at 3.800-4.200 EPS. On average, research analysts expect that Jabil, Inc. will post 11.71 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th. Jabil’s dividend payout ratio is 4.00%.

Insider Activity at Jabil

In related news, EVP Matthew Crowley sold 94 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total value of $32,430.00. Following the completion of the sale, the executive vice president owned 57,536 shares of the company’s stock, valued at $19,849,920. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.35% of the stock is owned by company insiders.

About Jabil

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.