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Machina Capital S.A.S. Invests $566,000 in Jabil, Inc. (NYSE:JBL)

Jabil logo with Computer and Technology background

Key Points

  • Machina Capital S.A.S. acquired 4,156 shares of Jabil, Inc. valued at approximately $566,000 during the 1st quarter, indicating growing institutional interest in the company.
  • Insider transactions revealed that Chairman Mark T. Mondello sold 20,000 shares at an average price of $216.59, reducing his ownership stake by 1.37%.
  • Analysts have recently raised their price targets for Jabil, with Bank of America increasing its target from $225.00 to $245.00 and assigning a "buy" rating, contributing to a consensus rating of "Buy" for the company's stock.
  • Interested in Jabil? Here are five stocks we like better.

Machina Capital S.A.S. acquired a new position in Jabil, Inc. (NYSE:JBL - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,156 shares of the technology company's stock, valued at approximately $566,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP grew its position in Jabil by 22.5% in the 1st quarter. Allworth Financial LP now owns 529 shares of the technology company's stock worth $77,000 after purchasing an additional 97 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Jabil by 21.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 565 shares of the technology company's stock valued at $77,000 after acquiring an additional 99 shares during the period. Utah Retirement Systems grew its position in shares of Jabil by 0.5% during the 4th quarter. Utah Retirement Systems now owns 18,382 shares of the technology company's stock valued at $2,645,000 after acquiring an additional 100 shares during the period. Atlas Capital Advisors Inc. grew its position in shares of Jabil by 1.0% during the 4th quarter. Atlas Capital Advisors Inc. now owns 10,463 shares of the technology company's stock valued at $1,506,000 after acquiring an additional 105 shares during the period. Finally, Apollon Wealth Management LLC grew its position in shares of Jabil by 5.9% during the 1st quarter. Apollon Wealth Management LLC now owns 2,004 shares of the technology company's stock valued at $273,000 after acquiring an additional 112 shares during the period. 93.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on JBL shares. Wall Street Zen downgraded shares of Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. increased their target price on shares of Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Bank of America increased their target price on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Raymond James Financial reissued a "strong-buy" rating and set a $230.00 target price (up from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Finally, Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $231.71.

Read Our Latest Report on Jabil

Insiders Place Their Bets

In other Jabil news, Director Anousheh Ansari sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $222.75, for a total value of $222,750.00. Following the sale, the director directly owned 36,400 shares in the company, valued at $8,108,100. This represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,500 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total transaction of $1,005,975.00. Following the completion of the transaction, the executive vice president directly owned 124,203 shares in the company, valued at $27,765,580.65. The trade was a 3.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 322,847 shares of company stock worth $63,849,847. Company insiders own 1.73% of the company's stock.

Jabil Price Performance

NYSE JBL traded up $0.15 on Monday, hitting $222.70. The stock had a trading volume of 237,393 shares, compared to its average volume of 1,420,752. Jabil, Inc. has a 52-week low of $95.85 and a 52-week high of $229.16. 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 company has a market capitalization of $23.90 billion, a price-to-earnings ratio of 43.23, a price-to-earnings-growth ratio of 1.55 and a beta of 1.20. The firm has a 50-day moving average of $198.29 and a 200-day moving average of $166.67.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.27. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The business had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. During the same period in the prior year, the company posted $1.89 EPS. The business's revenue for the quarter was up 15.7% compared to the same quarter last year. Equities analysts expect that Jabil, Inc. will post 8.05 EPS for the current year.

About Jabil

(Free Report)

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).

Read More

Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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