ASR Vermogensbeheer N.V. Grows Stake in Jabil, Inc. $JBL

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Jabil, Inc. by 142.7% in Q2, acquiring a total of 12,682 shares valued at $2,766,000.
• Analysts have raised their price targets for Jabil, with Bank of America increasing its target to $255.00 and Barclays to $267.00, reflecting a consensus rating of "Moderate Buy".
• Jabil recently announced a quarterly dividend of $0.08 per share with a 0.2% yield, contributing to a payout ratio of 5.37%.

ASR Vermogensbeheer N.V. grew its position in Jabil, Inc. (NYSE:JBL - Free Report) by 142.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,682 shares of the technology company's stock after purchasing an additional 7,457 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Jabil were worth $2,766,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV purchased a new position in Jabil in the first quarter worth $27,000. Harbor Capital Advisors Inc. grew its holdings in Jabil by 110.5% in 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. Groupe la Francaise grew its holdings 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 purchasing an additional 64 shares during the last quarter. Financial Management Professionals Inc. grew its holdings in Jabil by 58.1% in the second quarter. Financial Management Professionals Inc. now owns 264 shares of the technology company's stock worth $58,000 after purchasing an additional 97 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its stake 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 buying an additional 264 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on JBL shares. UBS Group set a $241.00 price objective on shares of Jabil in a research note on Sunday, September 28th. Bank of America lifted their price objective on shares of Jabil from $245.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, September 26th. Raymond James Financial set a $260.00 price objective on shares of Jabil in a research note on Thursday, September 25th. Barclays lifted their price objective on shares of Jabil from $223.00 to $267.00 and gave the stock an "overweight" rating in a research note on Friday, September 26th. Finally, Wall Street Zen upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $248.43.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,500 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were 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. This represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew Priestley sold 3,782 shares of the company's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $225.00, for a total transaction of $850,950.00. Following the completion of the transaction, the executive vice president owned 48,535 shares of the company's stock, valued at approximately $10,920,375. This trade represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,416 shares of company stock valued at $18,367,889. Company insiders own 1.73% of the company's stock.

Jabil Trading Down 6.2%

NYSE JBL opened at $202.22 on Friday. The company has a market capitalization of $21.70 billion, a PE ratio of 33.93, a P/E/G ratio of 1.53 and a beta of 1.26. The company has a fifty day moving average of $215.60 and a 200 day moving average of $186.82. Jabil, Inc. has a 1 year low of $108.66 and a 1 year high of $237.14. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.00 and a quick ratio of 0.66.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were given a dividend of $0.08 per share. The ex-dividend date was Friday, August 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. Jabil's payout ratio is currently 5.37%.

Jabil 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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