Elevation Point Wealth Partners LLC Purchases Shares of 5,775 Jabil, Inc. $JBL

Elevation Point Wealth Partners LLC purchased a new stake in Jabil, Inc. (NYSE:JBL) during the second quarter, Holdings Channel reports. The fund purchased 5,775 shares of the technology company’s stock, valued at approximately $2,226,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Todd Asset Management LLC increased 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 purchasing an additional 6,179 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of Jabil in the fourth quarter valued at approximately $7,061,000. Jackson Creek Investment Advisors LLC grew its holdings in shares of Jabil by 386.2% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 11,290 shares of the technology company’s stock valued at $2,574,000 after purchasing an additional 8,968 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Jabil in the first quarter valued at approximately $1,333,000. Finally, Allstate Corp increased its stake in 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 buying an additional 3,939 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Stock Down 0.1%

Shares of Jabil stock opened at $312.91 on Monday. Jabil, Inc. has a 52-week low of $189.60 and a 52-week high of $428.93. The company has a 50 day moving average of $340.28 and a 200 day moving average of $315.92. 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 company has a market capitalization of $32.79 billion, a P/E ratio of 39.06, a P/E/G ratio of 0.94 and a beta of 1.30.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.06. The company had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $8.61 billion. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $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 forecast that Jabil, Inc. will post 11.71 EPS for the current fiscal year.

Jabil Announces Dividend

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 dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, August 14th. Jabil’s payout ratio is 4.00%.

Insider Activity

In other news, EVP Matthew Crowley sold 94 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $345.00, for a total value of $32,430.00. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on JBL shares. Robert W. Baird increased their target price on shares of Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Stifel Nicolaus set a $460.00 price objective on Jabil and gave the stock a “buy” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. increased their price objective on Jabil from $395.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Raymond James Financial lifted their target price on Jabil from $425.00 to $450.00 and gave the company a “strong-buy” rating in a report on Thursday, June 18th. Finally, Weiss Ratings cut Jabil from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. One equities research 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. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $453.67.

Jabil Company 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.