Jabil, Inc. $JBL Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its position in Jabil, Inc. (NYSE:JBL) by 6.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 212,241 shares of the technology company’s stock after selling 14,806 shares during the period. Jabil comprises about 1.4% of Wedge Capital Management L L P NC’s portfolio, making the stock its 10th biggest holding. Wedge Capital Management L L P NC’s holdings in Jabil were worth $81,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Greenline Wealth Management LLC acquired a new stake in shares of Jabil during the fourth quarter worth $28,000. Veracity Capital LLC grew its stake in shares of Jabil by 4,144.3% in the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock valued at $31,000 after acquiring an additional 3,647 shares in the last quarter. Virtus Advisers LLC bought a new position in Jabil during the fourth quarter worth about $32,000. DV Equities LLC acquired a new stake in Jabil in the 4th quarter worth about $34,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in Jabil in the 4th quarter worth about $34,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Jabil 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 sale, the executive vice president owned 57,536 shares in the company, valued at $19,849,920. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barclays increased their target price on shares of Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. Bank of America reiterated a “buy” rating and issued a $470.00 price target on shares of Jabil in a research report on Thursday, June 18th. The Goldman Sachs Group increased their price target on Jabil from $384.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Argus set a $475.00 price objective on Jabil in a research note on Thursday, June 18th. Finally, Robert W. Baird lifted their price objective on Jabil from $355.00 to $440.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat.com, Jabil presently has an average rating of “Buy” and a consensus price target of $453.67.

Jabil Stock Performance

Jabil stock opened at $356.69 on Wednesday. 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 stock has a market cap of $37.38 billion, a PE ratio of 44.53, a P/E/G ratio of 1.01 and a beta of 1.30. Jabil, Inc. has a 12-month low of $189.60 and a 12-month high of $428.93. The business’s 50-day moving average price is $343.95 and its two-hundred day moving average price is $310.13.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, June 17th. The technology company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.06. Jabil had a net margin of 2.57% and a return on equity of 83.93%. The firm had revenue of $8.75 billion during the quarter, compared to analysts’ expectations of $8.61 billion. During the same quarter in the prior year, the business earned $2.55 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. 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, analysts expect that Jabil, Inc. will post 11.71 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

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.