Counterpoint Mutual Funds LLC Invests $2.30 Million in Jabil, Inc. $JBL

Key Points

• Counterpoint Mutual Funds LLC invested approximately $2.30 million in Jabil, Inc., acquiring 10,562 shares, making it the firm's 27th largest position.
• Several institutional investors, including UMB Bank and Groupe la Francaise, have recently increased their holdings in Jabil, which is predominantly owned by institutional investors at 93.39%.
• Jabil's stock has seen varying analyst ratings, with price targets ranging from $223.00 to $245.00, indicating a generally positive outlook despite a recent rating cut from "strong-buy" to "hold" by Zacks Research.

Counterpoint Mutual Funds LLC bought a new position in Jabil, Inc. (NYSE:JBL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,562 shares of the technology company's stock, valued at approximately $2,304,000. Jabil comprises 0.2% of Counterpoint Mutual Funds LLC's investment portfolio, making the stock its 27th largest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in Jabil by 2.9% in the second quarter. UMB Bank n.a. now owns 2,191 shares of the technology company's stock valued at $478,000 after acquiring an additional 62 shares in the last quarter. Groupe la Francaise boosted its holdings in Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock valued at $34,000 after acquiring an additional 64 shares in the last quarter. Keeley Teton Advisors LLC boosted its holdings in Jabil by 0.3% in the first quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company's stock valued at $3,456,000 after acquiring an additional 64 shares in the last quarter. Cordatus Wealth Management LLC boosted its holdings in Jabil by 2.9% in the first quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company's stock valued at $330,000 after acquiring an additional 68 shares in the last quarter. Finally, AlphaCore Capital LLC boosted its holdings in Jabil by 2.4% in the first quarter. AlphaCore Capital LLC now owns 3,206 shares of the technology company's stock valued at $436,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Insiders Place Their Bets

In other Jabil news, EVP Andrew Priestley sold 3,782 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $225.00, for a total value 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. The trade was a 7.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anousheh Ansari sold 1,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $222.75, for a total value of $222,750.00. Following the completion of the transaction, the director directly owned 36,400 shares of the company's stock, valued at approximately $8,108,100. This trade represents a 2.67% 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. Insiders own 1.73% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Zacks Research cut shares of Jabil from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Barclays lifted their price target on shares of Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. Raymond James Financial reiterated a "strong-buy" rating and issued a $230.00 price target (up previously from $170.00) on shares of Jabil in a report on Wednesday, June 18th. Stifel Nicolaus started coverage on Jabil in a research report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price objective for the company. Finally, Bank of America raised their price objective on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Jabil has an average rating of "Moderate Buy" and an average target price of $231.71.

Jabil Price Performance

Shares of NYSE:JBL opened at $233.15 on Tuesday. Jabil, Inc. has a fifty-two week low of $108.66 and a fifty-two week high of $233.82. The business has a 50-day simple moving average of $216.51 and a two-hundred day simple moving average of $182.36. 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 has a market cap of $25.02 billion, a price-to-earnings ratio of 45.27, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25.

Jabil Announces Dividend

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

About Jabil

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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