GAMMA Investing LLC Grows Stake in Jabil, Inc. $JBL

Key Points

• GAMMA Investing LLC increased its stake in Jabil, Inc. by 29.0% during the 2nd quarter, acquiring an additional 1,117 shares worth approximately $1,085,000.
• Institutional investors collectively own 93.39% of Jabil's stock, with significant increases in holdings from several firms including Robeco Institutional Asset Management B.V., which raised its stake by 84.8%.
• Jabil's stock has shown positive price performance, reaching a 52-week high of $237.14, and has been rated "moderate buy" by analysts, with a price target average of $231.71.

GAMMA Investing LLC increased its position in Jabil, Inc. (NYSE:JBL - Free Report) by 29.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,975 shares of the technology company's stock after acquiring an additional 1,117 shares during the period. GAMMA Investing LLC's holdings in Jabil were worth $1,085,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JBL. Robeco Institutional Asset Management B.V. grew its stake in shares of Jabil by 84.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 13,568 shares of the technology company's stock valued at $1,846,000 after purchasing an additional 6,225 shares during the period. Envestnet Asset Management Inc. grew its position in Jabil by 8.1% during the first quarter. Envestnet Asset Management Inc. now owns 242,977 shares of the technology company's stock valued at $33,062,000 after buying an additional 18,126 shares during the period. Kingswood Wealth Advisors LLC increased its holdings in Jabil by 7.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 3,326 shares of the technology company's stock valued at $453,000 after buying an additional 217 shares during the last quarter. OneDigital Investment Advisors LLC bought a new position in Jabil in the first quarter worth approximately $214,000. Finally, QRG Capital Management Inc. boosted its stake in shares of Jabil by 2.3% during the 1st quarter. QRG Capital Management Inc. now owns 5,978 shares of the technology company's stock worth $813,000 after acquiring an additional 132 shares during the last quarter. Institutional investors own 93.39% of the company's stock.

Insider Buying and Selling

In other Jabil news, Director Anousheh Ansari sold 1,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $222.75, for a total value of $222,750.00. Following the completion of the sale, the director owned 36,400 shares of the company's stock, valued at $8,108,100. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frederic E. Mccoy sold 4,500 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $223.55, for a total value of $1,005,975.00. Following the completion of the transaction, the executive vice president directly owned 124,203 shares in the company, valued at $27,765,580.65. This trade represents a 3.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,371 shares of company stock valued at $22,085,161 over the last 90 days. 1.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JBL. Zacks Research lowered Jabil from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Raymond James Financial reissued a "strong-buy" rating and set a $230.00 price target (up previously from $170.00) on shares of Jabil in a report on Wednesday, June 18th. Wall Street Zen cut Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. UBS Group lifted their price objective on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Finally, Argus upgraded Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $231.71.

Jabil Price Performance

JBL stock opened at $234.45 on Wednesday. Jabil, Inc. has a 52 week low of $108.66 and a 52 week high of $237.14. The firm has a market capitalization of $25.16 billion, a P/E ratio of 45.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.25. The company has a fifty day simple moving average of $216.82 and a two-hundred day simple moving average of $182.72. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, August 15th. Jabil's dividend payout ratio is presently 6.21%.

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).

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