Deltec Asset Management LLC Has $1.53 Million Stock Position in Jabil, Inc. $JBL

Deltec Asset Management LLC raised its stake in shares of Jabil, Inc. (NYSE:JBL) by 94.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,000 shares of the technology company’s stock after buying an additional 3,400 shares during the quarter. Deltec Asset Management LLC’s holdings in Jabil were worth $1,527,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new position in shares of Jabil during the 1st quarter worth about $27,000. Harbor Capital Advisors Inc. grew its position in shares of Jabil by 110.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock worth $30,000 after buying an additional 116 shares during the period. Groupe la Francaise grew its position in shares of Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after buying an additional 64 shares during the period. Financial Management Professionals Inc. lifted its holdings in shares of Jabil by 58.1% during the 2nd quarter. Financial Management Professionals Inc. now owns 264 shares of the technology company’s stock valued at $58,000 after purchasing an additional 97 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Jabil by 2,400.0% during the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company’s stock valued at $37,000 after purchasing an additional 264 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Stock Up 1.4%

JBL stock opened at $217.43 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 1.57. The business’s 50 day simple moving average is $216.33 and its 200 day simple moving average is $185.63. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $237.14. The firm has a market capitalization of $23.33 billion, a PE ratio of 36.48, a PEG ratio of 1.50 and a beta of 1.25.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, August 15th. Jabil’s dividend payout ratio is currently 5.37%.

Insider Buying and Selling at Jabil

In other news, Director Steven A. Raymund sold 13,432 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $223.11, for a total value of $2,996,813.52. Following the completion of the sale, the director owned 86,396 shares of the company’s stock, valued at approximately $19,275,811.56. This represents a 13.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew Priestley sold 3,702 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $225.00, for a total value of $832,950.00. Following the sale, the executive vice president directly owned 44,833 shares of the company’s stock, valued at $10,087,425. This represents a 7.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,416 shares of company stock worth $14,293,839 over the last quarter. 1.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

JBL has been the topic of several recent analyst reports. Wall Street Zen cut Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Raymond James Financial set a $260.00 price objective on Jabil in a report on Thursday, September 25th. The Goldman Sachs Group lifted their price objective on Jabil from $188.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. Barclays lifted their price objective on Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Finally, Bank of America boosted their target price on Jabil from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, September 26th. 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 company. According to data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and an average price target of $248.43.

Jabil Profile

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).