L2 Asset Management LLC Makes New Investment in Jabil, Inc. $JBL

L2 Asset Management LLC purchased a new stake in Jabil, Inc. (NYSE:JBL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,926 shares of the technology company’s stock, valued at approximately $7,681,000.

A number of other hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new stake in shares of Jabil in the second quarter worth $25,000. Greenline Wealth Management LLC bought a new stake in shares of Jabil in the 4th quarter valued at approximately $28,000. Virtus Advisers LLC bought a new stake in Jabil in the fourth quarter worth approximately $32,000. DV Equities LLC acquired a new position in Jabil during the fourth quarter worth $34,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of Jabil during the 4th quarter valued at about $34,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on JBL shares. JPMorgan Chase & Co. raised their price target on Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. Argus set a $475.00 target price on Jabil in a report on Thursday, June 18th. Barclays lifted their price target on Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. Raymond James Financial boosted their target price on shares of Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a research report on Thursday, June 18th. Finally, Weiss Ratings cut shares of Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $453.67.

Insider Activity

In other news, EVP Matthew Crowley sold 94 shares of the stock in a transaction 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 transaction, the executive vice president owned 57,536 shares in the company, valued at approximately $19,849,920. This represents a 0.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.35% of the company’s stock.

Jabil Trading Down 2.7%

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

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, June 17th. The technology company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.06. The company had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.61 billion. Jabil had a return on equity of 83.93% and a net margin of 2.57%.Jabil’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last 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. As a group, research analysts predict that Jabil, Inc. will post 11.71 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th will be 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 is Friday, August 14th. Jabil’s payout ratio is 4.00%.

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.