Jabil, Inc. $JBL Position Increased by Deltec Asset Management LLC

Key Points

• Deltec Asset Management LLC increased its stake in Jabil, Inc. by 94.4%, owning 7,000 shares valued at approximately $1.53 million as of its recent SEC filing.
• The company declared a quarterly dividend of $0.08, resulting in an annualized yield of 0.1% and a dividend payout ratio of 5.37%.
• Analysts have set a consensus target price of $248.43 for Jabil, with ratings ranging from "Strong Buy" to "Hold" after recent target price increases by multiple brokerages.

Deltec Asset Management LLC grew its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 94.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,000 shares of the technology company's stock after acquiring an additional 3,400 shares during the quarter. Deltec Asset Management LLC's holdings in Jabil were worth $1,527,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Creative Financial Designs Inc. ADV acquired a new stake in Jabil during the 1st quarter worth about $27,000. Harbor Capital Advisors Inc. raised its holdings in Jabil by 110.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after buying an additional 116 shares during the period. Groupe la Francaise raised its holdings in Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after buying an additional 64 shares during the period. Golden State Wealth Management LLC raised its holdings in Jabil by 2,400.0% during the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after buying an additional 264 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in Jabil during the 1st quarter worth about $52,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Stock Up 1.4%

JBL opened at $217.43 on Wednesday. The stock has a market capitalization of $23.33 billion, a price-to-earnings ratio of 36.48, a P/E/G ratio of 1.50 and a beta of 1.25. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $237.14. The business has a 50 day moving average of $216.33 and a 200-day moving average of $185.63. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 1.57.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, August 15th. Jabil's dividend payout ratio (DPR) is 5.37%.

Insider Transactions at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $200.02, for a total transaction of $4,000,400.00. Following the completion of the transaction, the chairman directly owned 1,400,190 shares in the company, valued at $280,066,003.80. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anousheh Ansari sold 1,000 shares of Jabil 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 transaction, the director directly owned 36,400 shares of the company's stock, valued at $8,108,100. This represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,416 shares of company stock valued at $14,293,839 over the last 90 days. Corporate insiders own 1.73% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JBL. Raymond James Financial set a $260.00 target price on Jabil in a report on Thursday, September 25th. Bank of America upped their target price on Jabil from $245.00 to $255.00 and gave the company a "buy" rating in a report on Friday, September 26th. Barclays upped their target price on Jabil from $223.00 to $267.00 and gave the company an "overweight" rating in a report on Friday, September 26th. Zacks Research downgraded Jabil from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, Stifel Nicolaus began coverage on Jabil in a report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 target price on the stock. One 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $248.43.

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).

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