Sagespring Wealth Partners LLC acquired a new stake in Jabil, Inc. (NYSE:JBL – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,138 shares of the technology company’s stock, valued at approximately $248,000.
Other institutional investors have also made changes to their positions in the company. GFG Capital LLC bought a new position in shares of Jabil in the 2nd quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV bought a new position in shares of Jabil in the 1st quarter valued at approximately $27,000. Groupe la Francaise raised its stake in shares of Jabil by 35.2% in the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after acquiring an additional 64 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in Jabil by 58.1% in the 2nd quarter. Financial Management Professionals Inc. now owns 264 shares of the technology company’s stock valued at $58,000 after buying an additional 97 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in Jabil by 2,400.0% in the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company’s stock valued at $37,000 after buying an additional 264 shares during the last quarter. 93.39% of the stock is owned by institutional investors.
Jabil Price Performance
Shares of NYSE:JBL opened at $208.96 on Friday. 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 $22.43 billion, a PE ratio of 35.06, a PEG ratio of 1.49 and a beta of 1.26. The business’s 50 day moving average is $211.71 and its 200-day moving average is $191.45. 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 Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.32 annualized dividend and a yield of 0.2%. Jabil’s payout ratio is currently 5.37%.
Analyst Upgrades and Downgrades
JBL has been the topic of a number of research analyst reports. Wall Street Zen raised Jabil from a “buy” rating to a “strong-buy” rating in a report on Friday, October 3rd. UBS Group set a $241.00 target price on Jabil in a report on Sunday, September 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jabil in a report on Tuesday, October 14th. Stifel Nicolaus initiated coverage on Jabil in a report on Wednesday, July 2nd. They issued a “buy” rating and a $245.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.43.
Read Our Latest Stock Report on JBL
Insider Buying and Selling
In related news, Director Steven A. Raymund sold 13,432 shares of the business’s stock in a transaction 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 sale, the director owned 86,396 shares of the company’s stock, valued at $19,275,811.56. The trade was a 13.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,500 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $223.55, for a total value of $1,005,975.00. Following the completion of the sale, the executive vice president directly owned 124,203 shares in the company, valued at approximately $27,765,580.65. This represents a 3.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,416 shares of company stock worth $18,367,889 in the last quarter. Corporate insiders own 1.73% of the company’s stock.
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).
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