Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Jabil, Inc. (NYSE:JBL)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 17.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,310 shares of the technology company's stock after buying an additional 3,992 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Jabil were worth $3,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Truist Financial Corp lifted its stake in Jabil by 50.4% during the fourth quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock worth $1,732,000 after purchasing an additional 4,034 shares during the last quarter. Keybank National Association OH purchased a new position in Jabil in the fourth quarter valued at approximately $214,000. Harbor Capital Advisors Inc. raised its holdings in Jabil by 110.5% during 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 in the last quarter. LPL Financial LLC lifted its position in shares of Jabil by 23.5% during the 4th quarter. LPL Financial LLC now owns 40,748 shares of the technology company's stock worth $5,864,000 after buying an additional 7,747 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of Jabil during the 4th quarter worth approximately $4,710,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Adam E. Berry sold 4,233 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $200.36, for a total transaction of $848,123.88. Following the completion of the transaction, the senior vice president now directly owns 13,047 shares of the company's stock, valued at $2,614,096.92. This represents a 24.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Anousheh Ansari sold 2,500 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $207.57, for a total value of $518,925.00. Following the transaction, the director now directly owns 37,400 shares of the company's stock, valued at approximately $7,763,118. This trade represents a 6.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 280,476 shares of company stock valued at $52,780,286 over the last three months. 1.73% of the stock is currently owned by company insiders.

Jabil Stock Performance

NYSE JBL traded up $2.01 during trading on Friday, reaching $217.32. The company's stock had a trading volume of 3,319,515 shares, compared to its average volume of 1,436,940. The business's fifty day moving average price is $168.44 and its 200-day moving average price is $155.08. Jabil, Inc. has a twelve month low of $95.85 and a twelve month high of $218.30. 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 firm has a market cap of $23.33 billion, a price-to-earnings ratio of 42.20, a P/E/G ratio of 1.50 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 (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. The firm had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%. During the same quarter in the previous year, the firm posted $1.89 EPS. The firm's revenue for the quarter was up 15.7% on a year-over-year basis. As a group, analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, May 15th. Jabil's dividend payout ratio (DPR) is presently 6.21%.

Analyst Ratings Changes

Several brokerages recently commented on JBL. The Goldman Sachs Group lifted their price target on shares of Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. JPMorgan Chase & Co. raised their price objective on Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Raymond James Financial reiterated a "strong-buy" rating and set a $230.00 target price (up previously from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Argus raised Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. Finally, Wall Street Zen upgraded Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Jabil presently has an average rating of "Buy" and a consensus price target of $213.57.

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).