Moloney Securities Asset Management LLC Invests $900,000 in Jabil, Inc. (NYSE:JBL)

Moloney Securities Asset Management LLC acquired a new position in shares of Jabil, Inc. (NYSE:JBL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,617 shares of the technology company's stock, valued at approximately $900,000.

A number of other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Jabil in the fourth quarter worth $27,000. Creative Financial Designs Inc. ADV bought a new stake in Jabil during the first quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Jabil during the fourth quarter worth $29,000. Harbor Capital Advisors Inc. lifted its stake in Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after purchasing an additional 116 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new position in shares of Jabil in the 4th quarter valued at $37,000. Institutional investors own 93.39% of the company's stock.

Insider Activity

In other news, Director Steven A. Raymund sold 15,955 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $216.83, for a total transaction of $3,459,522.65. Following the completion of the transaction, the director directly owned 99,828 shares in the company, valued at $21,645,705.24. The trade was a 13.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew Priestley sold 13,913 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the transaction, the executive vice president owned 53,528 shares of the company's stock, valued at $10,875,283.76. This trade represents a 20.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 297,431 shares of company stock worth $58,163,159. Company insiders own 1.73% of the company's stock.

Jabil Stock Performance

Jabil stock traded up $0.96 during mid-day trading on Friday, reaching $221.92. The company's stock had a trading volume of 864,591 shares, compared to its average volume of 1,420,138. Jabil, Inc. has a 12-month low of $95.85 and a 12-month high of $227.54. The company has a market capitalization of $23.82 billion, a P/E ratio of 43.09, a PEG ratio of 1.56 and a beta of 1.20. 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 firm's fifty day moving average price is $185.78 and its two-hundred day moving average price is $161.43.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $7.03 billion. During the same period in the previous year, the business earned $1.89 EPS. Jabil's revenue was up 15.7% compared to the same quarter last year. Sell-side analysts predict that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.14%. Jabil's dividend payout ratio (DPR) is currently 6.21%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. UBS Group raised 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. Raymond James Financial reissued a "strong-buy" rating and set a $230.00 target price (up previously from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Wall Street Zen cut shares of Jabil from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, Bank of America lifted their price target on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, June 20th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Jabil has an average rating of "Buy" and a consensus price target of $225.71.

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).