DMC Group LLC Takes $208,000 Position in Jabil, Inc. (NYSE:JBL)

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

Several other large investors have also made changes to their positions in JBL. Allworth Financial LP lifted its position in shares of Jabil by 22.5% in the first quarter. Allworth Financial LP now owns 529 shares of the technology company's stock worth $77,000 after buying an additional 97 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Jabil by 21.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 565 shares of the technology company's stock worth $77,000 after buying an additional 99 shares in the last quarter. Utah Retirement Systems lifted its position in shares of Jabil by 0.5% in the fourth quarter. Utah Retirement Systems now owns 18,382 shares of the technology company's stock worth $2,645,000 after buying an additional 100 shares in the last quarter. Atlas Capital Advisors Inc. lifted its position in shares of Jabil by 1.0% in the fourth quarter. Atlas Capital Advisors Inc. now owns 10,463 shares of the technology company's stock worth $1,506,000 after buying an additional 105 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Jabil by 110.5% in the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after buying an additional 116 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on JBL. Wall Street Zen downgraded Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Barclays boosted their target price on Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Raymond James Financial reissued a "strong-buy" rating and set a $230.00 price objective (up from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. JPMorgan Chase & Co. boosted their price objective on Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Finally, Stifel Nicolaus started coverage on Jabil in a research note on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price objective on the stock. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Jabil has a consensus rating of "Buy" and a consensus target price of $225.71.

Jabil Trading Up 0.4%

Shares of JBL traded up $0.96 during mid-day trading on Friday, reaching $221.92. 864,591 shares of the company's stock traded hands, compared to its average volume of 1,420,138. The stock has a market cap of $23.82 billion, a P/E ratio of 43.09, a P/E/G ratio of 1.56 and a beta of 1.20. The stock's 50-day moving average is $185.78 and its two-hundred day moving average is $161.53. Jabil, Inc. has a 12 month low of $95.85 and a 12 month high of $227.54. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results 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 firm 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 company's quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 earnings per share. Research analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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

Insider Transactions at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $216.59, for a total transaction of $4,331,800.00. Following the sale, the chairman owned 1,440,190 shares of the company's stock, valued at approximately $311,930,752.10. This trade represents a 1.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Francis Mckay sold 3,395 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $205.48, for a total value of $697,604.60. Following the sale, the senior vice president directly owned 38,112 shares in the company, valued at $7,831,253.76. This trade represents a 8.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,431 shares of company stock valued at $58,163,159 in the last ninety days. Corporate insiders own 1.73% of the company's stock.

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).