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

L2 Asset Management LLC lifted its position in shares of Jabil, Inc. (NYSE:JBL) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,648 shares of the technology company’s stock after purchasing an additional 4,982 shares during the period. Jabil comprises about 1.0% of L2 Asset Management LLC’s holdings, making the stock its 26th largest position. L2 Asset Management LLC’s holdings in Jabil were worth $7,444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in JBL. Norges Bank acquired a new stake in shares of Jabil during the fourth quarter worth about $407,299,000. 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 worth $315,964,000 after purchasing an additional 1,339,247 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Jabil by 45.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,884,545 shares of the technology company’s stock worth $429,714,000 after purchasing an additional 591,364 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Jabil during the fourth quarter worth about $121,710,000. Finally, M&T Bank Corp increased its position in shares of Jabil by 2,833.4% during the fourth quarter. M&T Bank Corp now owns 348,987 shares of the technology company’s stock worth $79,576,000 after purchasing an additional 337,090 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Performance

Shares of JBL stock opened at $384.36 on Tuesday. The stock has a market capitalization of $40.55 billion, a PE ratio of 51.59, a price-to-earnings-growth ratio of 1.82 and a beta of 1.28. Jabil, Inc. has a 52-week low of $177.18 and a 52-week high of $398.89. The stock’s 50-day moving average price is $341.64 and its 200 day moving average price is $278.34. The company has a quick ratio of 0.68, a current ratio of 1.01 and a debt-to-equity ratio of 2.50.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, March 18th. The technology company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.18. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The company had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. As a group, equities research analysts forecast that Jabil, Inc. will post 11.3 EPS for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 15th were given a dividend of $0.08 per share. The ex-dividend date was Friday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s payout ratio is presently 4.30%.

Insider Activity at Jabil

In other Jabil news, EVP Andrew Priestley sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $301.00, for a total transaction of $1,204,000.00. Following the transaction, the executive vice president owned 60,267 shares in the company, valued at approximately $18,140,367. The trade was a 6.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steven D. Borges sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $290.00, for a total value of $2,030,000.00. Following the transaction, the executive vice president owned 76,524 shares in the company, valued at $22,191,960. The trade was a 8.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,981 shares of company stock worth $11,360,740 in the last three months. 1.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JBL. UBS Group boosted their price target on Jabil from $273.00 to $380.00 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. boosted their price target on Jabil from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Bank of America boosted their price target on Jabil from $295.00 to $354.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Raymond James Financial restated a “strong-buy” rating and issued a $425.00 price target on shares of Jabil in a research report on Wednesday, June 10th. Finally, Robert W. Baird boosted their price target on Jabil from $275.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $357.25.

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.