Lbp Am Sa Has $6.61 Million Stock Position in Jabil, Inc. $JBL

Key Points

• Lbp Am Sa increased its holdings in Jabil, Inc. by 278.8% in Q2, now owning shares worth $6.61 million after acquiring an additional 22,310 shares.
• Insider trading activity includes Jabil's Chairman selling 20,000 shares valued at approximately $4 million, while insiders have collectively sold 65,416 shares worth $14 million in the last quarter.
• Wall Street analysts have given Jabil a consensus rating of "Moderate Buy", with target prices ranging from $215 to $256, reflecting optimism about the company's growth potential.

Lbp Am Sa lifted its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 278.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,311 shares of the technology company's stock after buying an additional 22,310 shares during the period. Lbp Am Sa's holdings in Jabil were worth $6,611,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of JBL. Creative Financial Designs Inc. ADV acquired a new position in shares of Jabil during the 1st quarter worth $27,000. Harbor Capital Advisors Inc. grew its position in Jabil by 110.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after acquiring an additional 116 shares during the last quarter. Groupe la Francaise grew its position in Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after acquiring an additional 64 shares during the last quarter. Golden State Wealth Management LLC grew its position in Jabil by 2,400.0% during the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after acquiring an additional 264 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Jabil during the 1st quarter worth $52,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Insiders Place Their Bets

In related news, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $200.02, for a total transaction of $4,000,400.00. Following the sale, the chairman owned 1,400,190 shares in the company, valued at $280,066,003.80. This represents a 1.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Raymund sold 13,432 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $223.11, for a total value of $2,996,813.52. Following the sale, the director owned 86,396 shares in the company, valued at approximately $19,275,811.56. The trade was a 13.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,416 shares of company stock worth $14,071,089 in the last quarter. 1.73% of the stock is currently owned by company insiders.

Jabil Trading Down 1.0%

NYSE JBL opened at $214.90 on Thursday. The business's 50-day moving average price is $216.05 and its two-hundred day moving average price is $185.83. Jabil, Inc. has a 12 month low of $108.66 and a 12 month high of $237.14. The firm has a market capitalization of $23.06 billion, a PE ratio of 36.06, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 1.57.

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 dividend of $0.08 per share. The ex-dividend date was Friday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil's dividend payout ratio is presently 5.37%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JBL. JPMorgan Chase & Co. boosted their price objective on Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Wall Street Zen lowered Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. The Goldman Sachs Group boosted their price objective on Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. Finally, UBS Group set a $241.00 price target on Jabil in a research report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $248.43.

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).

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