Jabil, Inc. $JBL Shares Sold by L2 Asset Management LLC

L2 Asset Management LLC cut its position in Jabil, Inc. (NYSE:JBL) by 16.1% during the third quarter, HoldingsChannel reports. The firm 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Laird Norton Wetherby Wealth Management LLC increased its holdings in Jabil by 12.1% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,925 shares of the technology company’s stock valued at $418,000 after buying an additional 208 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Jabil by 80.5% during the 3rd quarter. Larson Financial Group LLC now owns 5,317 shares of the technology company’s stock worth $1,155,000 after buying an additional 2,372 shares during the last quarter. Lido Advisors LLC purchased a new stake in Jabil during the 3rd quarter worth about $516,000. Integrated Wealth Concepts LLC boosted its position in shares of Jabil by 13.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,595 shares of the technology company’s stock worth $346,000 after acquiring an additional 192 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its holdings in shares of Jabil by 44.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 3,294 shares of the technology company’s stock valued at $715,000 after acquiring an additional 1,018 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JBL. UBS Group raised their target price on Jabil from $244.00 to $254.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 10th. Barclays increased their price target on shares of Jabil from $267.00 to $283.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. JPMorgan Chase & Co. raised their price objective on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. The Goldman Sachs Group restated a “buy” rating and set a $282.00 price objective on shares of Jabil in a research report on Thursday, January 15th. Finally, Bank of America set a $265.00 target price on shares of Jabil in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and a consensus target price of $270.50.

Insider Transactions at Jabil

In related news, Chairman Mark T. Mondello sold 17,200 shares of the stock in a transaction on Friday, January 16th. The shares were sold at an average price of $250.00, for a total transaction of $4,300,000.00. Following the completion of the sale, the chairman owned 1,111,459 shares in the company, valued at $277,864,750. This represents a 1.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Adam E. Berry sold 1,596 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $253.20, for a total transaction of $404,107.20. Following the transaction, the senior vice president directly owned 18,920 shares in the company, valued at $4,790,544. The trade was a 7.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 161,529 shares of company stock worth $37,901,485 over the last 90 days. Company insiders own 1.35% of the company’s stock.

Jabil Stock Up 3.1%

Shares of NYSE JBL opened at $258.30 on Tuesday. The business has a 50-day moving average price of $250.15 and a 200 day moving average price of $226.98. The stock has a market cap of $27.28 billion, a PE ratio of 40.17, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. The company has a quick ratio of 0.67, a current ratio of 0.99 and a debt-to-equity ratio of 1.77. Jabil, Inc. has a 52-week low of $108.66 and a 52-week high of $281.37.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, December 17th. The technology company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.70 by $0.15. Jabil had a return on equity of 75.96% and a net margin of 2.26%.The company had revenue of $8.31 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. The firm’s revenue was up 18.7% compared to the same quarter last year. 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 forecast that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

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