939 Shares in Jabil, Inc. $JBL Acquired by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC bought a new position in shares of Jabil, Inc. (NYSE:JBL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 939 shares of the technology company’s stock, valued at approximately $205,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Jabil by 12.9% during the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company’s stock worth $892,096,000 after buying an additional 747,423 shares during the period. JPMorgan Chase & Co. increased its position in Jabil by 15.7% during the first quarter. JPMorgan Chase & Co. now owns 2,173,095 shares of the technology company’s stock worth $295,693,000 after buying an additional 295,496 shares during the period. Northern Trust Corp increased its position in Jabil by 8.3% during the first quarter. Northern Trust Corp now owns 1,384,364 shares of the technology company’s stock worth $188,370,000 after buying an additional 105,632 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Jabil by 119.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company’s stock worth $165,417,000 after buying an additional 662,938 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Jabil by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 1,118,282 shares of the technology company’s stock worth $152,165,000 after buying an additional 37,201 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Mark T. Mondello sold 20,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $214.84, for a total transaction of $4,296,800.00. Following the transaction, the chairman owned 1,380,190 shares of the company’s stock, valued at $296,520,019.60. This represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Frederic E. Mccoy sold 4,500 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was 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 in the company, valued at $27,765,580.65. This represents a 3.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,416 shares of company stock worth $18,367,889. Insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on JBL shares. Barclays lifted their price target on Jabil from $223.00 to $267.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Raymond James Financial set a $260.00 price target on Jabil in a research report on Thursday, September 25th. UBS Group set a $241.00 price target on Jabil in a research report on Sunday, September 28th. Bank of America lifted their price target on Jabil from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Finally, The Goldman Sachs Group lifted their price target on Jabil from $188.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Jabil presently has an average rating of “Moderate Buy” and a consensus price target of $248.43.

Jabil Price Performance

Jabil stock opened at $202.37 on Tuesday. 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 1.57, a current ratio of 1.00 and a quick ratio of 0.66. The business has a 50 day simple moving average of $215.15 and a 200-day simple moving average of $187.86. The stock has a market capitalization of $21.72 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 15th. Jabil’s dividend payout ratio is currently 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).