Monetta Financial Services Inc. acquired a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,000 shares of the technology company’s stock, valued at approximately $1,542,000. Jabil accounts for about 1.0% of Monetta Financial Services Inc.’s portfolio, making the stock its 29th largest holding.
A number of other institutional investors also recently bought and sold shares of the stock. Greenline Wealth Management LLC purchased a new position in Jabil during the fourth quarter valued at $28,000. Veracity Capital LLC raised its stake in shares of Jabil by 4,144.3% in the fourth quarter. Veracity Capital LLC now owns 3,735 shares of the technology company’s stock worth $31,000 after buying an additional 3,647 shares during the period. Virtus Advisers LLC purchased a new position in shares of Jabil during the 4th quarter valued at about $32,000. DV Equities LLC purchased a new position in shares of Jabil during the 4th quarter valued at about $34,000. Finally, Wilkerson Advisory Group LLC bought a new position in shares of Jabil during the 4th quarter valued at approximately $34,000. 93.39% of the stock is owned by institutional investors.
Jabil Trading Down 4.9%
Jabil stock opened at $322.10 on Thursday. Jabil, Inc. has a 1 year low of $189.60 and a 1 year high of $428.93. The firm’s 50 day moving average price is $342.93 and its 200-day moving average price is $314.87. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.98 and a quick ratio of 0.66. The stock has a market cap of $33.75 billion, a P/E ratio of 40.21, a PEG ratio of 1.01 and a beta of 1.30.
Jabil Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 4.00%.
Insider Activity
In other news, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $345.00, for a total value of $32,430.00. Following the sale, the executive vice president directly owned 57,536 shares of the company’s stock, valued at approximately $19,849,920. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.35% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on JBL shares. Barclays lifted their price target on shares of Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Argus set a $475.00 price objective on shares of Jabil in a research note on Thursday, June 18th. The Goldman Sachs Group raised their price objective on shares of Jabil from $384.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Stifel Nicolaus set a $460.00 target price on shares of Jabil and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, UBS Group raised shares of Jabil from a “neutral” rating to a “buy” rating and set a $430.00 target price for the company in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Jabil has an average rating of “Buy” and a consensus target price of $453.67.
Jabil Profile
Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.
Founded in 1966 by William E.
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