3,214 Shares in Jabil, Inc. (NYSE:JBL) Bought by Perpetual Ltd

Perpetual Ltd bought a new position in shares of Jabil, Inc. (NYSE:JBL - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,214 shares of the technology company's stock, valued at approximately $437,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC lifted its holdings in shares of Jabil by 7.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,326 shares of the technology company's stock valued at $453,000 after purchasing an additional 217 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Jabil by 2.3% during the 1st quarter. QRG Capital Management Inc. now owns 5,978 shares of the technology company's stock worth $813,000 after buying an additional 132 shares during the period. Keybank National Association OH bought a new position in Jabil in the fourth quarter valued at approximately $214,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Jabil by 110.5% in the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock valued at $30,000 after buying an additional 116 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Jabil by 40.4% in the first quarter. Exchange Traded Concepts LLC now owns 4,454 shares of the technology company's stock valued at $606,000 after buying an additional 1,282 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on JBL. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. Raymond James Financial reissued a "strong-buy" rating and issued a $230.00 price target (up previously from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. Barclays upped their price objective on Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. UBS Group lifted their target price on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. boosted their target price on Jabil from $180.00 to $214.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Jabil currently has an average rating of "Buy" and a consensus target price of $213.57.

Jabil Price Performance

NYSE:JBL opened at $217.32 on Friday. Jabil, Inc. has a 52-week low of $95.85 and a 52-week high of $218.34. The company has a market cap of $23.33 billion, a P/E ratio of 42.20, a P/E/G ratio of 1.52 and a beta of 1.14. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98. The stock's 50-day simple moving average is $170.08 and its 200 day simple moving average is $155.82.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the previous year, the firm earned $1.89 EPS. The business's quarterly revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts forecast that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.15%. Jabil's dividend payout ratio is presently 6.21%.

Insider Activity

In related news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the sale, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven D. Borges sold 22,443 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $200.01, for a total transaction of $4,488,824.43. Following the completion of the transaction, the executive vice president now owns 102,803 shares in the company, valued at approximately $20,561,628.03. This represents a 17.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 280,476 shares of company stock valued at $52,780,286. 1.73% of the stock is owned by company insiders.

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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