Jabil, Inc. $JBL Shares Acquired by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. grew its position in Jabil, Inc. (NYSE:JBL) by 142.7% in the second quarter, HoldingsChannel reports. The fund owned 12,682 shares of the technology company’s stock after acquiring an additional 7,457 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Jabil were worth $2,766,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Creative Financial Designs Inc. ADV purchased a new stake in shares of Jabil during the first quarter worth about $27,000. Harbor Capital Advisors Inc. increased its stake in shares of Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock worth $30,000 after purchasing an additional 116 shares in the last quarter. Groupe la Francaise increased its stake in shares of Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after purchasing an additional 64 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company’s stock worth $37,000 after purchasing an additional 264 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Jabil during the first quarter worth about $52,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

JBL has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Jabil from $188.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, June 18th. Argus raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th. Bank of America upped their price objective on shares of Jabil from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Raymond James Financial set a $260.00 price objective on shares of Jabil in a research note on Thursday, September 25th. Finally, Barclays upped their price objective on shares of Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $248.43.

Insiders Place Their Bets

In related news, Director Steven A. Raymund sold 13,432 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 86,396 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $214.84, for a total value of $4,296,800.00. Following the completion of the transaction, the chairman owned 1,380,190 shares of the company’s stock, valued at $296,520,019.60. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,416 shares of company stock valued at $18,367,889. 1.73% of the stock is currently owned by insiders.

Jabil Stock Down 6.2%

Shares of NYSE JBL opened at $202.22 on Friday. The company has a 50-day moving average of $215.60 and a 200 day moving average of $186.82. Jabil, Inc. has a 12-month low of $108.66 and a 12-month high of $237.14. 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 stock has a market cap of $21.70 billion, a PE ratio of 33.93, a P/E/G ratio of 1.53 and a beta of 1.26.

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 $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, August 15th. Jabil’s dividend payout ratio is presently 5.37%.

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).