DMC Group LLC Takes Position in Jabil, Inc. (NYSE:JBL)

DMC Group LLC acquired a new position in Jabil, Inc. (NYSE:JBL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,525 shares of the technology company's stock, valued at approximately $208,000.

Other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Jabil in the 4th quarter worth about $27,000. Creative Financial Designs Inc. ADV bought a new position in Jabil in the 1st quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new position in Jabil in the 4th quarter worth about $29,000. Harbor Capital Advisors Inc. boosted its stake in Jabil by 110.5% in the 1st 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 period. Finally, Millstone Evans Group LLC bought a new position in Jabil in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Trading Down 0.1%

Jabil stock traded down $0.19 during trading hours on Thursday, reaching $221.07. The company had a trading volume of 1,196,501 shares, compared to its average volume of 1,419,336. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64. The company has a 50-day moving average price of $182.88 and a 200 day moving average price of $160.31. The firm has a market cap of $23.73 billion, a price-to-earnings ratio of 42.93, a P/E/G ratio of 1.55 and a beta of 1.20. Jabil, Inc. has a 12-month low of $95.85 and a 12-month high of $227.54.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.27. The business had revenue of $7.83 billion for 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 quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 EPS. Equities analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.14%. Jabil's dividend payout ratio (DPR) is currently 6.21%.

Insiders Place Their Bets

In other news, EVP Andrew Priestley sold 13,913 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the transaction, the executive vice president directly owned 53,528 shares of the company's stock, valued at approximately $10,875,283.76. The trade was a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven D. Borges sold 22,443 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $200.01, for a total value of $4,488,824.43. Following the transaction, the executive vice president directly owned 102,803 shares in the company, valued at $20,561,628.03. This trade represents a 17.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 317,431 shares of company stock worth $60,794,359. 1.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on JBL. UBS Group raised their target price on Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Barclays lifted their price target on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Wall Street Zen upgraded Jabil from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th. Raymond James Financial reiterated a "strong-buy" rating and set a $230.00 price target (up previously from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Finally, The Goldman Sachs Group boosted their target price on Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $225.71.

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).