Jabil, Inc. (NYSE:JBL) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 7.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 676,472 shares of the technology company's stock after buying an additional 49,431 shares during the period. Victory Capital Management Inc. owned approximately 0.63% of Jabil worth $92,048,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV acquired a new position in Jabil during the first quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Jabil in the fourth quarter worth $29,000. 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 buying an additional 116 shares in the last quarter. Millstone Evans Group LLC bought a new position in Jabil during the 4th quarter worth approximately $37,000. Finally, Golden State Wealth Management LLC grew its stake in Jabil by 2,400.0% in 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. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Buying and Selling at Jabil

In other Jabil news, CEO Michael Dastoor sold 18,234 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $191.66, for a total value of $3,494,728.44. Following the sale, the chief executive officer directly owned 203,459 shares in the company, valued at $38,994,951.94. This trade represents a 8.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven A. Raymund sold 15,955 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $216.83, for a total value of $3,459,522.65. Following the transaction, the director owned 99,828 shares of the company's stock, valued at $21,645,705.24. The trade was a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,431 shares of company stock worth $58,163,159. Corporate insiders own 1.73% of the company's stock.

Analysts Set New Price Targets

JBL has been the subject of a number of recent analyst reports. Raymond James Financial restated a "strong-buy" rating and issued a $230.00 price objective (up from $170.00) on shares of Jabil in a research 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 raised their target price on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Argus raised Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. Finally, Barclays raised their price target on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $231.71.

Jabil Trading Up 1.8%

NYSE JBL opened at $222.24 on Friday. Jabil, Inc. has a one year low of $95.85 and a one year high of $227.54. The business's fifty day moving average is $191.22 and its 200-day moving average is $163.37. The stock has a market capitalization of $23.85 billion, a price-to-earnings ratio of 43.15, a PEG ratio of 1.53 and a beta of 1.20. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.27. The company 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 revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 EPS. 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).

Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil, Inc. (NYSE:JBL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.