1,568 Shares in Jabil, Inc. (NYSE:JBL) Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC bought a new position in shares of Jabil, Inc. (NYSE:JBL - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 1,568 shares of the technology company's stock, valued at approximately $230,000.

A number of other hedge funds also recently made changes to their positions in JBL. Creative Financial Designs Inc. ADV bought a new position in Jabil during the first quarter valued at about $27,000. Murphy & Mullick Capital Management Corp bought a new position in Jabil during the fourth quarter worth about $29,000. Harbor Capital Advisors Inc. boosted its position in 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 during the period. Golden State Wealth Management LLC boosted its position in Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after purchasing an additional 264 shares during the period. Finally, True Wealth Design LLC boosted its position in Jabil by 3,411.1% during the fourth quarter. True Wealth Design LLC now owns 316 shares of the technology company's stock worth $45,000 after purchasing an additional 307 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on JBL shares. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. Raymond James Financial reiterated a "strong-buy" rating and set a $230.00 target price (up previously from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. JPMorgan Chase & Co. increased their target price on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. UBS Group increased their target price on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Finally, Bank of America raised their price objective on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, June 20th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Jabil currently has an average rating of "Buy" and an average target price of $231.71.

Insiders Place Their Bets

In other Jabil news, Director Anousheh Ansari sold 1,000 shares of Jabil stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $222.75, for a total transaction of $222,750.00. Following the transaction, the director directly owned 36,400 shares of the company's stock, valued at approximately $8,108,100. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Raymund sold 13,432 shares of Jabil stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $223.11, for a total transaction of $2,996,813.52. Following the transaction, the director directly owned 86,396 shares in the company, valued at $19,275,811.56. This trade represents a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 322,847 shares of company stock valued at $63,849,847 over the last three months. Corporate insiders own 1.73% of the company's stock.

Jabil Price Performance

Shares of JBL stock traded down $0.57 during trading hours on Monday, reaching $221.99. The stock had a trading volume of 196,710 shares, compared to its average volume of 1,420,444. The stock's fifty day simple moving average is $198.29 and its 200 day simple moving average is $166.67. The firm has a market capitalization of $23.82 billion, a PE ratio of 43.05, a PEG ratio of 1.55 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. Jabil, Inc. has a 12 month low of $95.85 and a 12 month high of $229.16.

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

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).