Foster & Motley Inc. Has $7.59 Million Stake in Jabil, Inc. (NYSE:JBL)

Key Points

• Foster & Motley Inc. increased its stake in Jabil, Inc. by 6.8% during the first quarter, holding a total of 55,755 shares valued at approximately $7.59 million.
• Analysts have upgraded their ratings on Jabil with a consensus rating of "Buy" and an average price target of $231.71, reflecting growing confidence in the company's performance.
• Insider trading activity included Chairman Mark T. Mondello selling 150,000 shares for nearly $29 million, resulting in an 8.77% decrease in his ownership in the company.

Foster & Motley Inc. increased its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 6.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,755 shares of the technology company's stock after acquiring an additional 3,560 shares during the quarter. Foster & Motley Inc. owned 0.05% of Jabil worth $7,587,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its holdings in Jabil by 22.5% in the 1st quarter. Allworth Financial LP now owns 529 shares of the technology company's stock valued at $77,000 after purchasing an additional 97 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Jabil by 21.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 565 shares of the technology company's stock valued at $77,000 after buying an additional 99 shares in the last quarter. Utah Retirement Systems raised its stake in shares of Jabil by 0.5% in the 4th quarter. Utah Retirement Systems now owns 18,382 shares of the technology company's stock valued at $2,645,000 after buying an additional 100 shares in the last quarter. Atlas Capital Advisors Inc. increased its position in shares of Jabil by 1.0% during the 4th quarter. Atlas Capital Advisors Inc. now owns 10,463 shares of the technology company's stock worth $1,506,000 after purchasing an additional 105 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its position in shares of Jabil by 5.9% during the 1st quarter. Apollon Wealth Management LLC now owns 2,004 shares of the technology company's stock worth $273,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Buying and Selling at Jabil

In other news, CEO Michael Dastoor sold 18,234 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $191.66, for a total value of $3,494,728.44. Following the completion of the sale, the chief executive officer owned 203,459 shares of the company's stock, valued at approximately $38,994,951.94. The trade was a 8.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Mark T. Mondello sold 150,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $193.33, for a total transaction of $28,999,500.00. Following the completion of the sale, the chairman directly owned 1,560,192 shares of the company's stock, valued at approximately $301,631,919.36. The trade was a 8.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 322,847 shares of company stock valued at $63,849,847 in the last 90 days. Company insiders own 1.73% of the company's stock.

Jabil Trading Down 2.0%

Jabil stock traded down $4.55 during midday trading on Friday, hitting $218.62. 1,370,849 shares of the stock were exchanged, compared to its average volume of 1,195,820. 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, Inc. has a 52 week low of $95.85 and a 52 week high of $232.84. The company has a fifty day simple moving average of $203.08 and a two-hundred day simple moving average of $168.48. The stock has a market capitalization of $23.46 billion, a PE ratio of 42.45, a P/E/G ratio of 1.56 and a beta of 1.20.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Raymond James Financial restated a "strong-buy" rating and issued a $230.00 price objective (up previously from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Bank of America raised their target price on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, June 20th. JPMorgan Chase & Co. raised their target price on shares of Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Wall Street Zen lowered shares of Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, UBS Group lifted their price objective on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $231.71.

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).