Park Capital Management LLC WI Takes $722,000 Position in Jabil, Inc. $JBL

Key Points

• Park Capital Management LLC acquired 3,312 shares of Jabil, Inc. valued at approximately $722,000, making it a 0.7% stake in their investment portfolio.
• Several institutional investors significantly increased their holdings in Jabil during the first quarter, indicating strong confidence in the company's stock performance.
• Jabil recently reported a quarterly EPS of $2.55, exceeding analysts' expectations and marking a 15.7% increase in revenue year-over-year.

Park Capital Management LLC WI 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 3,312 shares of the technology company's stock, valued at approximately $722,000. Jabil makes up 0.7% of Park Capital Management LLC WI's investment portfolio, making the stock its 28th biggest position.

Other large investors have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV bought a new position in shares of Jabil during the first quarter valued at approximately $27,000. Harbor Capital Advisors Inc. raised its holdings in Jabil by 110.5% during the 1st 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. Groupe la Francaise lifted its position in Jabil by 35.2% in the first 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 last quarter. Golden State Wealth Management LLC lifted its position in shares of Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after purchasing an additional 264 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Jabil during the first quarter worth $52,000. Institutional investors own 93.39% of the company's stock.

Insiders Place Their Bets

In other Jabil news, EVP Frederic E. Mccoy sold 4,500 shares of Jabil stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total value of $1,005,975.00. Following the completion of the transaction, the executive vice president owned 124,203 shares in the company, valued at approximately $27,765,580.65. The trade was a 3.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Priestley sold 3,702 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $225.00, for a total value of $832,950.00. Following the transaction, the executive vice president directly owned 44,833 shares in the company, valued at $10,087,425. This trade represents a 7.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,371 shares of company stock worth $22,085,161 in the last quarter. 1.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. Stifel Nicolaus began coverage on shares of Jabil in a report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 target price for the company. Zacks Research cut shares of Jabil from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Finally, UBS Group boosted their price target on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.71.

Jabil Stock Up 3.8%

JBL stock traded up $8.51 during mid-day trading on Monday, hitting $232.85. The stock had a trading volume of 931,589 shares, compared to its average volume of 1,414,731. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $24.99 billion, a price-to-earnings ratio of 45.26, a PEG ratio of 1.32 and a beta of 1.25. The company has a fifty day moving average of $216.26 and a 200 day moving average of $181.71. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $233.82.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, August 15th. Jabil's payout ratio is currently 6.21%.

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).