Kera Capital Partners Inc. Takes $266,000 Position in Jabil, Inc. $JBL

Key Points

• Kera Capital Partners Inc. acquired a new stake in Jabil, Inc., purchasing 1,221 shares valued at approximately $266,000 in the 2nd quarter.
• Jabil recently reported quarterly earnings of $2.55 per share, exceeding analysts' expectations, with revenues of $7.83 billion for the quarter, up 15.7% year-over-year.
• Wall Street analysts have a consensus target price of $231.71 for Jabil, with ratings including "buy" and "strong-buy" from several firms.

Kera Capital Partners Inc. purchased a new position in Jabil, Inc. (NYSE:JBL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,221 shares of the technology company's stock, valued at approximately $266,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV acquired a new position in Jabil in the first quarter valued at $27,000. Harbor Capital Advisors Inc. increased 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 valued at $30,000 after purchasing an additional 116 shares during the last quarter. Groupe la Francaise increased its stake in Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock valued at $34,000 after purchasing an additional 64 shares during the last quarter. Golden State Wealth Management LLC increased 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 valued at $37,000 after purchasing an additional 264 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Jabil in the first quarter valued at $52,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jabil

In related news, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $200.02, for a total value of $4,000,400.00. Following the sale, the chairman directly owned 1,400,190 shares in the company, valued at $280,066,003.80. This trade represents a 1.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anousheh Ansari sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $222.75, for a total value of $222,750.00. Following the completion of the sale, the director owned 36,400 shares in the company, valued at approximately $8,108,100. This represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,371 shares of company stock worth $22,085,161 over the last quarter. Insiders own 1.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stifel Nicolaus initiated coverage on Jabil in a research report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price target for the company. Bank of America increased 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. Barclays increased their price target on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. Zacks Research downgraded Jabil from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, UBS Group increased 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. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Jabil has a consensus rating of "Moderate Buy" and a consensus target price of $231.71.

Jabil Stock Performance

Shares of Jabil stock traded down $2.02 on Friday, reaching $221.27. 461,535 shares of the company were exchanged, compared to its average volume of 1,404,080. 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 company's 50-day moving average is $216.22 and its two-hundred day moving average is $180.57. The firm has a market cap of $23.75 billion, a price-to-earnings ratio of 42.96, a P/E/G ratio of 1.26 and a beta of 1.25. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $232.84.

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 for the quarter, topping analysts' consensus estimates of $2.28 by $0.27. The business 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%.The business's quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.89 EPS. As a group, research analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, August 15th. Jabil's dividend payout ratio (DPR) is currently 6.21%.

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).