SG Americas Securities LLC Boosts Position in Jabil, Inc. (NYSE:JBL)

SG Americas Securities LLC lifted its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 328.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,937 shares of the technology company's stock after purchasing an additional 6,083 shares during the quarter. SG Americas Securities LLC's holdings in Jabil were worth $1,080,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of JBL. SBI Securities Co. Ltd. bought a new stake in shares of Jabil in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Jabil in the 4th quarter worth $29,000. Harbor Capital Advisors Inc. lifted its stake in Jabil by 110.5% in 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 last quarter. Millstone Evans Group LLC purchased a new stake in Jabil during the fourth quarter valued at about $37,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after buying an additional 130 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on JBL. Wall Street Zen upgraded shares of Jabil from a "hold" rating to a "buy" rating in a report on Monday, May 19th. Barclays upped their price target on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research report on Tuesday. The Goldman Sachs Group lifted their price objective on Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $230.00 price target (up previously from $170.00) on shares of Jabil in a report on Wednesday. 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's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $200.00.

Insiders Place Their Bets

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the transaction, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Dastoor sold 10,000 shares of Jabil stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total value of $1,699,000.00. Following the transaction, the chief executive officer now owns 221,693 shares of the company's stock, valued at $37,665,640.70. The trade was a 4.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $7,665,200 in the last three months. Corporate insiders own 1.73% of the company's stock.

Jabil Price Performance

Shares of Jabil stock traded up $7.54 during trading hours on Wednesday, reaching $204.43. The company's stock had a trading volume of 3,556,017 shares, compared to its average volume of 1,463,719. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.02 and a quick ratio of 0.66. Jabil, Inc. has a one year low of $95.85 and a one year high of $207.03. The firm has a 50 day moving average price of $157.94 and a 200-day moving average price of $151.63. The stock has a market cap of $21.95 billion, a P/E ratio of 48.91, a P/E/G ratio of 1.76 and a beta of 1.14.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.27. Jabil had a return on equity of 49.64% and a net margin of 1.76%. The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The company's revenue for the quarter was up 15.7% on a year-over-year basis. On average, analysts predict that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend was Thursday, May 15th. Jabil's dividend payout ratio (DPR) is presently 7.66%.

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).