Crossmark Global Holdings Inc. Raises Stake in Jabil, Inc. (NYSE:JBL)

Crossmark Global Holdings Inc. grew its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 190.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,664 shares of the technology company's stock after purchasing an additional 10,267 shares during the period. Crossmark Global Holdings Inc.'s holdings in Jabil were worth $2,131,000 as of its most recent filing with the Securities & Exchange Commission.

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

Jabil Stock Performance

Shares of Jabil stock traded up $0.96 on Friday, reaching $221.92. 864,591 shares of the stock were exchanged, compared to its average volume of 1,420,138. Jabil, Inc. has a twelve month low of $95.85 and a twelve month high of $227.54. The firm has a market capitalization of $23.82 billion, a price-to-earnings ratio of 43.09, a PEG ratio of 1.56 and a beta of 1.20. The business has a 50 day moving average price of $185.78 and a two-hundred day moving average price of $161.43. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85.

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

Jabil Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on JBL shares. Stifel Nicolaus started coverage on Jabil in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 target price on the stock. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. Wall Street Zen downgraded Jabil from a "strong-buy" rating to a "buy" rating in a report on Saturday. The Goldman Sachs Group raised their price target on Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. raised their price target on Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. One equities 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $225.71.

Insider Activity

In other Jabil news, Director Anousheh Ansari sold 1,000 shares of the company's stock in a transaction on 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $216.59, for a total value of $4,331,800.00. Following the completion of the sale, the chairman owned 1,440,190 shares of the company's stock, valued at approximately $311,930,752.10. The trade was a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,431 shares of company stock valued at $58,163,159 in the last three months. Company insiders own 1.73% of the company's stock.

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).