J. Safra Sarasin Holding AG Has $608,000 Stock Position in Jabil, Inc. $JBL

Key Points

• J. Safra Sarasin Holding AG significantly reduced its stake in Jabil, Inc. by 68.7% in Q2, leaving it with 2,789 shares valued at $608,000.
• Jabil recently announced a quarterly dividend of $0.08, translating to an annualized dividend of $0.32 and a yield of 0.2%, with a dividend payout ratio of 5.37%.
• Several institutional investors, including Wellington Management and JPMorgan Chase, increased their holdings in Jabil, reflecting growing confidence in the company.

J. Safra Sarasin Holding AG decreased its stake in Jabil, Inc. (NYSE:JBL - Free Report) by 68.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,789 shares of the technology company's stock after selling 6,114 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Jabil were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP boosted its position in shares of Jabil by 12.9% in the 1st quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company's stock valued at $892,096,000 after purchasing an additional 747,423 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Jabil by 15.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,173,095 shares of the technology company's stock valued at $295,693,000 after purchasing an additional 295,496 shares during the period. Northern Trust Corp lifted its stake in Jabil by 8.3% in the 1st quarter. Northern Trust Corp now owns 1,384,364 shares of the technology company's stock worth $188,370,000 after acquiring an additional 105,632 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Jabil by 119.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company's stock worth $165,417,000 after acquiring an additional 662,938 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Jabil by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,118,282 shares of the technology company's stock worth $152,165,000 after acquiring an additional 37,201 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Stock Down 6.2%

JBL opened at $202.22 on Friday. Jabil, Inc. has a fifty-two week low of $108.66 and a fifty-two week high of $237.14. The business has a 50-day moving average of $215.60 and a 200-day moving average of $187.15. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.00 and a quick ratio of 0.66. The company has a market capitalization of $21.70 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 15th. Jabil's dividend payout ratio (DPR) is presently 5.37%.

Insider Buying and Selling

In related news, Director Steven A. Raymund sold 13,432 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $223.11, for a total value of $2,996,813.52. Following the transaction, the director directly owned 86,396 shares of the company's stock, valued at approximately $19,275,811.56. This trade represents a 13.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Frederic E. Mccoy sold 4,500 shares of the firm's stock in a transaction that occurred 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. The trade was a 3.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,416 shares of company stock valued at $18,367,889 over the last 90 days. 1.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

JBL has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Bank of America raised their price objective on Jabil from $245.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, September 26th. The Goldman Sachs Group raised their price objective on Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Jabil in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Jabil currently has a consensus rating of "Moderate Buy" and an average target price of $248.43.

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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