DMC Group LLC Makes New Investment in Jabil, Inc. (NYSE:JBL)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JBL. SBI Securities Co. Ltd. bought a new position in Jabil in the fourth quarter valued at approximately $27,000. Creative Financial Designs Inc. ADV bought a new position in shares of Jabil during the first quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Jabil during the fourth quarter worth $29,000. Harbor Capital Advisors Inc. boosted 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 worth $30,000 after purchasing an additional 116 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new position in shares of Jabil during the fourth quarter worth $37,000. 93.39% of the stock is owned by institutional investors.

Jabil Stock Up 0.7%

JBL traded up $1.54 during trading on Friday, hitting $222.50. The company had a trading volume of 443,532 shares, compared to its average volume of 1,438,062. The company has a market capitalization of $23.88 billion, a PE ratio of 43.20, a PEG ratio of 1.55 and a beta of 1.20. Jabil, Inc. has a one year low of $95.85 and a one year high of $227.54. The firm's 50-day moving average price is $184.34 and its 200 day moving average price is $160.83. 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 issued its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.28 by $0.27. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The firm had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. During the same period in the previous year, the firm posted $1.89 EPS. The company's revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Jabil in a research report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price target on the stock. Barclays lifted their price target on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. The Goldman Sachs Group lifted their price target on shares of Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Wall Street Zen raised shares of Jabil from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $225.71.

Insider Activity

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated 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 transaction, the chairman directly owned 1,440,190 shares of the company's stock, valued at $311,930,752.10. This represents a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven A. Raymund sold 15,955 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $216.83, for a total transaction of $3,459,522.65. Following the sale, the director owned 99,828 shares of the company's stock, valued at $21,645,705.24. This trade represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,431 shares of company stock worth $58,163,159. 1.73% of the stock is currently owned by company insiders.

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).