MQS Management LLC purchased a new position in shares of Jabil, Inc. (NYSE:JBL – Free Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,637 shares of the technology company’s stock, valued at approximately $357,000.
A number of other large investors also recently bought and sold shares of the stock. Mather Group LLC. raised its stake in Jabil by 5.4% during the second quarter. Mather Group LLC. now owns 1,186 shares of the technology company’s stock worth $259,000 after purchasing an additional 61 shares during the period. UMB Bank n.a. raised its stake in Jabil by 2.9% during the second quarter. UMB Bank n.a. now owns 2,191 shares of the technology company’s stock worth $478,000 after purchasing an additional 62 shares during the period. Groupe la Francaise raised its stake in 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 during the period. Keeley Teton Advisors LLC raised its stake in Jabil by 0.3% during the first quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company’s stock worth $3,456,000 after purchasing an additional 64 shares during the period. Finally, Concurrent Investment Advisors LLC raised its stake in Jabil by 3.8% during the second quarter. Concurrent Investment Advisors LLC now owns 1,835 shares of the technology company’s stock worth $400,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Jabil Price Performance
JBL opened at $212.69 on Monday. The company has a fifty day simple moving average of $210.09 and a 200 day simple moving average of $194.77. The firm has a market cap of $22.72 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 1.51 and a beta of 1.26. Jabil, Inc. has a twelve month low of $108.66 and a twelve 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.
Jabil Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be 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 is Monday, November 17th. Jabil’s dividend payout ratio (DPR) is presently 5.37%.
Insider Buying and Selling at Jabil
In other Jabil news, EVP Matthew Crowley sold 3,877 shares of the firm’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $202.59, for a total transaction of $785,441.43. Following the completion of the transaction, the executive vice president directly owned 58,736 shares of the company’s stock, valued at $11,899,326.24. This trade represents a 6.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark T. Mondello sold 40,000 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $207.77, for a total transaction of $8,310,800.00. Following the completion of the transaction, the chairman owned 1,258,942 shares in the company, valued at approximately $261,570,379.34. The trade was a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,533 shares of company stock valued at $22,336,025. 1.73% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on JBL shares. JPMorgan Chase & Co. raised their target price on shares of Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Wall Street Zen raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Stifel Nicolaus started coverage on shares of Jabil in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $245.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Jabil in a research note on Tuesday, October 14th. Finally, Raymond James Financial set a $260.00 target price on shares of Jabil in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $248.43.
View Our Latest Analysis on Jabil
Jabil Company 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).
Read More
- Five stocks we like better than Jabil
- How Technical Indicators Can Help You Find Oversold Stocks
- PulteGroup Is Down But Not Out—Here’s What Wall Street Missed
- Investing in Construction Stocks
- Cleveland-Cliffs Breaks to New Highs on Earnings, More Upside?
- Consumer Discretionary Stocks Explained
- Is Landstar the Next Big Winner in Transportation Stocks?
Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil, Inc. (NYSE:JBL – Free Report).
Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.
