Wedge Capital Management L L P NC Cuts Position in Jabil, Inc. $JBL

Wedge Capital Management L L P NC reduced its holdings in shares of Jabil, Inc. (NYSE:JBL) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 212,241 shares of the technology company’s stock after selling 14,806 shares during the quarter. Jabil makes up approximately 1.4% of Wedge Capital Management L L P NC’s holdings, making the stock its 10th biggest position. Wedge Capital Management L L P NC owned approximately 0.20% of Jabil worth $81,815,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Integrated Wealth Concepts LLC boosted its stake in shares of Jabil by 34.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,811 shares of the technology company’s stock worth $382,000 after buying an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Jabil by 70.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,320 shares of the technology company’s stock valued at $2,493,000 after purchasing an additional 7,602 shares during the last quarter. Focus Partners Wealth grew its stake in Jabil by 20.0% in the first quarter. Focus Partners Wealth now owns 4,967 shares of the technology company’s stock valued at $676,000 after purchasing an additional 829 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Jabil by 50.0% in the first quarter. Geneos Wealth Management Inc. now owns 582 shares of the technology company’s stock valued at $79,000 after purchasing an additional 194 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Jabil during the 2nd quarter worth approximately $488,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Activity at Jabil

In related news, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $345.00, for a total transaction of $32,430.00. Following the completion of the sale, the executive vice president owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. The trade was a 0.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on JBL shares. JPMorgan Chase & Co. upped their price objective on Jabil from $395.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, June 18th. Barclays boosted their target price on shares of Jabil from $304.00 to $426.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Bank of America reaffirmed a “buy” rating and set a $470.00 price target on shares of Jabil in a research report on Thursday, June 18th. Weiss Ratings upgraded shares of Jabil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Finally, The Goldman Sachs Group lifted their price objective on shares of Jabil from $384.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $453.67.

Jabil Stock Performance

Shares of NYSE JBL opened at $356.69 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93. The stock has a 50 day moving average of $343.95 and a 200-day moving average of $310.13. The company has a market capitalization of $37.38 billion, a P/E ratio of 44.53, a P/E/G ratio of 1.01 and a beta of 1.30.

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

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, August 14th. Jabil’s dividend payout ratio (DPR) is currently 4.00%.

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.