Janney Montgomery Scott LLC Grows Position in Jabil, Inc. (NYSE:JBL)

Janney Montgomery Scott LLC lifted its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 88.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,332 shares of the technology company's stock after purchasing an additional 2,969 shares during the quarter. Janney Montgomery Scott LLC's holdings in Jabil were worth $862,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. New York Life Investment Management LLC increased its stake in Jabil by 2.5% during the 4th quarter. New York Life Investment Management LLC now owns 15,526 shares of the technology company's stock worth $2,234,000 after buying an additional 386 shares during the period. Proficio Capital Partners LLC purchased a new position in Jabil in the fourth quarter valued at about $11,555,000. US Bancorp DE grew its stake in Jabil by 7.0% during the 4th quarter. US Bancorp DE now owns 16,036 shares of the technology company's stock valued at $2,308,000 after purchasing an additional 1,044 shares in the last quarter. Metis Global Partners LLC increased its holdings in Jabil by 3.7% during the 4th quarter. Metis Global Partners LLC now owns 3,781 shares of the technology company's stock worth $544,000 after purchasing an additional 134 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Jabil by 113.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock valued at $43,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Price Performance

Shares of JBL opened at $218.27 on Tuesday. The stock's fifty day moving average is $171.85 and its 200-day moving average is $156.55. The firm has a market capitalization of $23.43 billion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 1.52 and a beta of 1.14. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98. Jabil, Inc. has a one year low of $95.85 and a one year high of $219.00.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter last year, the firm posted $1.89 EPS. The business's revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

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 $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Thursday, May 15th. Jabil's dividend payout ratio (DPR) is presently 6.21%.

Wall Street Analyst Weigh In

JBL has been the topic of several recent analyst reports. Bank of America upped their price target on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, June 20th. Barclays upped their target price 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. Wall Street Zen upgraded Jabil from a "buy" rating to a "strong-buy" rating in a research note on Friday. UBS Group boosted their price objective on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $230.00 target price (up previously from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $213.57.

Insider Activity at Jabil

In related news, EVP Steven D. Borges sold 22,443 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $200.01, for a total value of $4,488,824.43. Following the completion of the sale, the executive vice president directly owned 102,803 shares in the company, valued at approximately $20,561,628.03. The trade was a 17.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Adam E. Berry sold 4,233 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $200.36, for a total value of $848,123.88. Following the sale, the senior vice president directly owned 13,047 shares of the company's stock, valued at $2,614,096.92. The trade was a 24.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 280,476 shares of company stock worth $52,780,286. 1.73% of the stock is currently owned by corporate insiders.

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).

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