Jabil, Inc. $JBL Shares Sold by Sara Bay Financial

Sara Bay Financial decreased its position in Jabil, Inc. (NYSE:JBL) by 1.0% during the 2nd quarter, Holdings Channel reports. The fund owned 9,940 shares of the technology company’s stock after selling 96 shares during the quarter. Jabil makes up 0.8% of Sara Bay Financial’s portfolio, making the stock its 14th biggest holding. Sara Bay Financial’s holdings in Jabil were worth $2,168,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in JBL. Vise Technologies Inc. acquired a new stake in Jabil in the fourth quarter valued at approximately $287,000. GTS Securities LLC raised its holdings in Jabil by 111.8% in the fourth quarter. GTS Securities LLC now owns 2,134 shares of the technology company’s stock valued at $307,000 after acquiring an additional 20,282 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Jabil by 4.0% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 11,136 shares of the technology company’s stock valued at $1,602,000 after acquiring an additional 433 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Jabil in the fourth quarter valued at approximately $9,123,000. Finally, BridgePort Financial Solutions LLC acquired a new stake in Jabil in the fourth quarter valued at approximately $618,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Frederic E. Mccoy sold 4,500 shares of Jabil stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $223.55, for a total value of $1,005,975.00. Following the transaction, the executive vice president directly owned 124,203 shares of the company’s stock, valued at $27,765,580.65. The trade was a 3.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $200.02, for a total transaction of $4,000,400.00. Following the completion of the transaction, the chairman directly owned 1,400,190 shares in the company, valued at $280,066,003.80. The trade was a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,371 shares of company stock worth $22,085,161. Corporate insiders own 1.73% of the company’s stock.

Jabil Stock Performance

Shares of Jabil stock opened at $234.45 on Wednesday. The firm’s fifty day simple moving average is $216.82 and its 200-day simple moving average is $182.72. The stock has a market capitalization of $25.16 billion, a price-to-earnings ratio of 45.52, a PEG ratio of 1.38 and a beta of 1.25. Jabil, Inc. has a 12 month low of $108.66 and a 12 month high of $237.14. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, August 15th. Jabil’s payout ratio is presently 6.21%.

Analysts Set New Price Targets

Several analysts recently weighed in on JBL shares. Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. UBS Group increased their target price on shares of Jabil from $157.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, June 18th. Stifel Nicolaus initiated coverage on shares of Jabil in a research report on Wednesday, July 2nd. They issued a “buy” rating and a $245.00 target price on the stock. Barclays increased their target price on shares of Jabil from $206.00 to $223.00 and gave the company an “overweight” rating in a research report on Tuesday, June 17th. Finally, Wall Street Zen downgraded shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $231.71.

About Jabil

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).