GAMMA Investing LLC Raises Stock Holdings in Jabil Inc. (NYSE:JBL)

GAMMA Investing LLC boosted its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 17,410.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 524,958 shares of the technology company's stock after acquiring an additional 521,960 shares during the quarter. GAMMA Investing LLC owned about 0.48% of Jabil worth $71,431,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in JBL. Wellington Management Group LLP increased its stake in Jabil by 70,781.4% during the fourth quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock worth $835,876,000 after acquiring an additional 5,800,535 shares during the last quarter. Norges Bank bought a new stake in Jabil during the fourth quarter worth approximately $218,430,000. Point72 Asset Management L.P. increased its stake in Jabil by 1,007.6% during the fourth quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock worth $138,954,000 after acquiring an additional 878,444 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Jabil by 16,190.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company's stock worth $79,539,000 after acquiring an additional 549,347 shares during the last quarter. Finally, FMR LLC increased its stake in Jabil by 8.1% during the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock worth $796,220,000 after acquiring an additional 416,841 shares during the last quarter. 93.39% of the stock is owned by institutional investors.

Insider Buying and Selling at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total value of $1,699,000.00. Following the sale, the chief executive officer now owns 221,693 shares of the company's stock, valued at approximately $37,665,640.70. This represents a 4.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock valued at $7,665,200. 1.73% of the stock is currently owned by corporate insiders.

Jabil Trading Down 0.7%

NYSE:JBL traded down $1.19 during midday trading on Wednesday, hitting $171.80. The stock had a trading volume of 951,983 shares, compared to its average volume of 1,421,584. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.65 and a beta of 1.14. The stock has a 50-day moving average of $147.91 and a 200 day moving average of $148.35. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 EPS. As a group, sell-side analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business also recently announced 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 of this dividend was Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.19%. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on JBL shares. Wall Street Zen raised Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. cut their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays upped their target price on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. The Goldman Sachs Group cut their target price on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, UBS Group upped their target price on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $158.50.

Jabil 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).