Moran Wealth Management LLC Has $5.94 Million Stock Holdings in Jabil, Inc. (NYSE:JBL)

Moran Wealth Management LLC grew its position in Jabil, Inc. (NYSE:JBL - Free Report) by 94.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,630 shares of the technology company's stock after purchasing an additional 21,207 shares during the period. Moran Wealth Management LLC's holdings in Jabil were worth $5,937,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC raised its holdings in shares of Jabil by 7.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,326 shares of the technology company's stock valued at $453,000 after buying an additional 217 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Jabil by 50.4% in the fourth quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock valued at $1,732,000 after buying an additional 4,034 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of Jabil by 2.3% in the first quarter. QRG Capital Management Inc. now owns 5,978 shares of the technology company's stock valued at $813,000 after buying an additional 132 shares during the last quarter. Keybank National Association OH bought a new position in shares of Jabil in the fourth quarter valued at about $214,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of 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 buying an additional 116 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JBL. The Goldman Sachs Group lifted their price target on Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Argus raised Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. Bank of America lifted 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 lifted 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. Finally, JPMorgan Chase & Co. lifted their price target on Jabil from $180.00 to $214.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. One analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $213.57.

Insider Transactions at Jabil

In other news, Director Anousheh Ansari sold 2,500 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $207.57, for a total transaction of $518,925.00. Following the completion of the transaction, the director now directly owns 37,400 shares in the company, valued at approximately $7,763,118. The trade was a 6.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Adam E. Berry sold 4,233 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $200.36, for a total value of $848,123.88. Following the transaction, the senior vice president now owns 13,047 shares of the company's stock, valued at $2,614,096.92. The trade was a 24.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 280,476 shares of company stock worth $52,780,286. 1.73% of the stock is currently owned by company insiders.

Jabil Trading Up 0.9%

NYSE:JBL traded up $2.01 on Friday, hitting $217.32. 3,319,519 shares of the stock were exchanged, compared to its average volume of 1,416,201. The stock has a market capitalization of $23.33 billion, a price-to-earnings ratio of 42.20, a P/E/G ratio of 1.52 and a beta of 1.14. Jabil, Inc. has a 52 week low of $95.85 and a 52 week high of $218.34. 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 price is $170.08 and its 200 day moving average price is $155.82.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.27. The firm had revenue of $7.83 billion during 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 company's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.89 EPS. On average, equities research analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

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

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).