Deltec Asset Management LLC Takes Position in Jabil, Inc. (NYSE:JBL)

Deltec Asset Management LLC acquired a new stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,600 shares of the technology company's stock, valued at approximately $490,000.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Jabil during the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Jabil during the fourth quarter valued at about $29,000. Harbor Capital Advisors Inc. raised its position in shares of Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock valued at $30,000 after buying an additional 116 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of Jabil during the fourth quarter valued at about $37,000. Finally, First Horizon Advisors Inc. raised its position in shares of Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Insiders Place Their Bets

In other Jabil news, SVP Francis Mckay sold 3,395 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $205.48, for a total transaction of $697,604.60. Following the sale, the senior vice president now directly owns 38,112 shares of the company's stock, valued at approximately $7,831,253.76. This represents a 8.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Dastoor sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the transaction, the chief executive officer now owns 221,693 shares in the company, valued at $37,665,640.70. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 277,976 shares of company stock valued at $52,261,361. 1.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on JBL. Bank of America upped their price objective on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Friday. The Goldman Sachs Group upped their target price on shares of Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research note on Wednesday. Raymond James Financial reissued a "strong-buy" rating and issued a $230.00 target price (up previously from $170.00) on shares of Jabil in a research note on Wednesday. UBS Group upped their target price on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Jabil presently has an average rating of "Buy" and a consensus target price of $213.57.

Jabil Price Performance

Shares of Jabil stock opened at $205.72 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $22.08 billion, a price-to-earnings ratio of 39.95, a P/E/G ratio of 1.97 and a beta of 1.14. Jabil, Inc. has a 1-year low of $95.85 and a 1-year high of $208.69. The firm's 50-day moving average price is $162.20 and its two-hundred day moving average price is $152.96.

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

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.16%. Jabil's dividend payout ratio is 6.21%.

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).

Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil, Inc. (NYSE:JBL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.