Jefferies Financial Group Inc. Purchases Shares of 18,411 Jabil, Inc. (NYSE:JBL)

Key Points

• Jefferies Financial Group Inc. has made a new investment of $2.51 million in Jabil, Inc., acquiring 18,411 shares during the first quarter.
• Analysts have shown strong support for Jabil's stock, with a consensus rating of "Buy" and an average target price of $231.71.
• Jabil recently reported quarterly earnings of $2.55 EPS, exceeding expectations and reflecting a 15.7% year-over-year revenue increase.

Jefferies Financial Group Inc. bought a new position in shares of Jabil, Inc. (NYSE:JBL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,411 shares of the technology company's stock, valued at approximately $2,505,000.

Other large investors also recently made changes to their positions in the company. Point72 Asset Management L.P. boosted its holdings in Jabil by 1,007.6% in the fourth quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock valued at $138,954,000 after acquiring an additional 878,444 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Jabil by 16,190.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company's stock valued at $79,539,000 after acquiring an additional 549,347 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Jabil by 17,410.3% in the first quarter. GAMMA Investing LLC now owns 524,958 shares of the technology company's stock valued at $71,431,000 after acquiring an additional 521,960 shares during the last quarter. FMR LLC boosted its holdings in Jabil by 8.1% in the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock valued at $796,220,000 after acquiring an additional 416,841 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in Jabil in the first quarter valued at about $51,257,000. Institutional investors own 93.39% of the company's stock.

Jabil Stock Up 0.0%

Shares of NYSE JBL traded up $0.05 during mid-day trading on Tuesday, reaching $222.34. 79,517 shares of the company's stock were exchanged, compared to its average volume of 1,412,173. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 43.29, a PEG ratio of 1.53 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. The business has a fifty day simple moving average of $205.28 and a 200 day simple moving average of $169.45. Jabil, Inc. has a twelve month low of $97.95 and a twelve month high of $232.84.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on JBL. Bank of America raised their price target on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, June 20th. UBS Group raised their price target on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. raised their price target on Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Argus raised Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. Finally, Stifel Nicolaus assumed coverage on Jabil in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 target price on the stock. One equities research 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 company. Based on data from MarketBeat.com, Jabil presently has a consensus rating of "Buy" and a consensus price target of $231.71.

Insider Activity at Jabil

In related news, Director Anousheh Ansari sold 1,000 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $222.75, for a total transaction of $222,750.00. Following the completion of the transaction, the director directly owned 36,400 shares in the company, valued at approximately $8,108,100. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $216.59, for a total value of $4,331,800.00. Following the transaction, the chairman owned 1,440,190 shares of the company's stock, valued at approximately $311,930,752.10. The trade was a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 322,847 shares of company stock valued at $63,849,847 over the last 90 days. Insiders own 1.73% of the company's stock.

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).