Clarius Group LLC Purchases New Stake in Jabil, Inc. $JBL

Key Points

• Clarius Group LLC has acquired 1,408 shares of Jabil, Inc., valued at approximately $307,000, signaling institutional interest in the tech company during the second quarter.
• Insider transactions revealed that two executives sold significant shares on July 23rd, with sales totaling over $1.8 million, indicating a potential decrease in insider confidence.
• Brokerages have raised Jabil's price targets, with Barclays increasing theirs from $223 to $267 and JPMorgan from $214 to $256, reflecting optimistic forecasts for growth.

Clarius Group LLC acquired a new position in shares of Jabil, Inc. (NYSE:JBL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,408 shares of the technology company's stock, valued at approximately $307,000.

A number of other hedge funds have also recently made changes to their positions in the business. Checchi Capital Advisers LLC acquired a new stake in shares of Jabil in the 2nd quarter worth about $213,000. 111 Capital bought a new stake in Jabil during the 2nd quarter worth approximately $935,000. Successful Portfolios LLC purchased a new stake in shares of Jabil in the second quarter worth approximately $280,000. Ascent Group LLC raised its stake in shares of Jabil by 6.7% in the second quarter. Ascent Group LLC now owns 3,092 shares of the technology company's stock worth $674,000 after purchasing an additional 195 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Jabil in the second quarter valued at approximately $78,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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 transaction of $1,005,975.00. Following the sale, the executive vice president directly owned 124,203 shares of the company's stock, valued at $27,765,580.65. This represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew Priestley sold 3,702 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $225.00, for a total transaction of $832,950.00. Following the transaction, the executive vice president owned 44,833 shares of the company's stock, valued at $10,087,425. This represents a 7.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,416 shares of company stock valued at $18,367,889. Corporate insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JBL. Weiss Ratings reissued a "hold (c+)" rating on shares of Jabil in a research report on Saturday, September 27th. Barclays upped their target price 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. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Stifel Nicolaus assumed coverage on shares of Jabil in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective for the company. Finally, Raymond James Financial set a $260.00 target price on shares of Jabil in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $248.43.

Jabil Stock Up 0.1%

JBL opened at $202.37 on Tuesday. Jabil, Inc. has a twelve month low of $108.66 and a twelve month high of $237.14. The company's 50-day moving average price is $215.15 and its two-hundred day moving average price is $187.86. The stock has a market cap of $21.72 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 1.43 and a beta of 1.26. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 1.57.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 15th. Jabil's dividend payout ratio is 5.37%.

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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