Jabil, Inc. (NYSE:JBL) Stock Holdings Raised by TD Asset Management Inc

TD Asset Management Inc lifted its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 22.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,949 shares of the technology company's stock after purchasing an additional 26,798 shares during the period. TD Asset Management Inc owned about 0.14% of Jabil worth $19,995,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Creative Financial Designs Inc. ADV purchased a new stake in Jabil in the 1st quarter worth approximately $27,000. Harbor Capital Advisors Inc. grew its stake in Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after acquiring an additional 116 shares during the period. Golden State Wealth Management LLC grew its stake in Jabil by 2,400.0% in the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after acquiring an additional 264 shares during the period. True Wealth Design LLC grew its stake in Jabil by 3,411.1% in the 4th quarter. True Wealth Design LLC now owns 316 shares of the technology company's stock worth $45,000 after acquiring an additional 307 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in shares of Jabil during the 1st quarter valued at $52,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 150,000 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $193.33, for a total value of $28,999,500.00. Following the transaction, the chairman owned 1,560,192 shares in the company, valued at $301,631,919.36. The trade was a 8.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Andrew Priestley sold 13,913 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the completion of the transaction, the executive vice president owned 53,528 shares in the company, valued at $10,875,283.76. This represents a 20.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 322,847 shares of company stock worth $63,849,847 over the last three months. Insiders own 1.73% of the company's stock.

Jabil Stock Down 2.0%

Shares of NYSE:JBL traded down $4.55 during midday trading on Friday, hitting $218.62. 1,370,849 shares of the company's stock traded hands, compared to its average volume of 1,423,938. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98. The company has a market cap of $23.46 billion, a PE ratio of 42.45, a P/E/G ratio of 1.58 and a beta of 1.20. The firm's fifty day moving average price is $203.08 and its two-hundred day moving average price is $168.48. Jabil, Inc. has a twelve month low of $95.85 and a twelve month high of $232.84.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JBL. UBS Group boosted their price objective on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Barclays boosted their price objective on shares of Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. Bank of America boosted their price objective on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Finally, The Goldman Sachs Group boosted their price objective on shares of Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Jabil has an average rating of "Buy" and an average price target of $231.71.

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).