111 Capital Invests $935,000 in Jabil, Inc. $JBL

Key Points

• 111 Capital has acquired a new position in Jabil, Inc., purchasing 4,285 shares worth approximately $935,000 during the second quarter.
• Jabil recently declared a quarterly dividend of $0.08 per share, resulting in an annualized dividend yield of 0.2%.
• Insider activity includes the sale of 20,000 shares by Chairman Mark T. Mondello, valued at over $4.29 million, indicating potential changes in insider confidence.

111 Capital acquired a new position in Jabil, Inc. (NYSE:JBL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,285 shares of the technology company's stock, valued at approximately $935,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of JBL. Creative Financial Designs Inc. ADV purchased a new stake in shares of Jabil in the 1st quarter worth $27,000. Harbor Capital Advisors Inc. boosted its holdings in Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after buying an additional 116 shares during the period. Groupe la Francaise boosted its holdings in Jabil by 35.2% in the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after buying an additional 64 shares during the period. Golden State Wealth Management LLC boosted 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 worth $37,000 after buying an additional 264 shares during the period. Finally, Wayfinding Financial LLC bought a new position in Jabil in the 1st quarter worth $52,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Stock Down 6.2%

JBL opened at $202.22 on Friday. The firm has a 50-day simple moving average of $215.60 and a two-hundred day simple moving average of $187.15. Jabil, Inc. has a 52 week low of $108.66 and a 52 week high of $237.14. The company has a market capitalization of $21.70 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 1.57.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. Jabil's dividend payout ratio (DPR) is presently 5.37%.

Insider Buying and Selling at Jabil

In related news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were 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 approximately $296,520,019.60. This trade represents a 1.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 13,432 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $223.11, for a total transaction of $2,996,813.52. Following the completion of the transaction, the director directly owned 86,396 shares of the company's stock, valued at approximately $19,275,811.56. The trade was a 13.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,416 shares of company stock worth $18,367,889 in the last 90 days. 1.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Jabil in a report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. UBS Group set a $241.00 target price on shares of Jabil in a report on Sunday, September 28th. Barclays upped their target price on shares of Jabil from $223.00 to $267.00 and gave the stock an "overweight" rating in a report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Jabil in a report on Saturday, September 27th. One 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $248.43.

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).

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