Natixis Advisors LLC Buys 2,789 Shares of Jabil, Inc. (NYSE:JBL)

Key Points

• Natixis Advisors LLC increased its stake in Jabil, Inc. by 2.9%, owning 98,032 shares valued at approximately $13.34 million as of the end of the latest reporting period.
• Several large investors showed significant increases in their positions in Jabil, with Point72 Asset Management raising its holdings by over 1,007%, now owning about $138.95 million worth of shares.
• Research analysts have raised price targets for Jabil stock, with JPMorgan lifting their target from $214 to $256, indicating strong bullish sentiment for the company's performance.

Natixis Advisors LLC lifted its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,032 shares of the technology company's stock after purchasing an additional 2,789 shares during the quarter. Natixis Advisors LLC owned 0.09% of Jabil worth $13,339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bayforest Capital Ltd raised its position in shares of Jabil by 712.1% in the first quarter. Bayforest Capital Ltd now owns 3,086 shares of the technology company's stock valued at $420,000 after purchasing an additional 2,706 shares during the period. Harvest Fund Management Co. Ltd increased its stake in Jabil by 50.9% in the first quarter. Harvest Fund Management Co. Ltd now owns 6,834 shares of the technology company's stock valued at $930,000 after acquiring an additional 2,304 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Jabil during the 1st quarter worth $216,000. Federated Hermes Inc. boosted its stake in shares of Jabil by 2.3% in the 1st quarter. Federated Hermes Inc. now owns 39,556 shares of the technology company's stock valued at $5,382,000 after purchasing an additional 876 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in Jabil in the first quarter valued at approximately $1,020,000. 93.39% of the stock is owned by institutional investors.

Jabil Stock Performance

Shares of NYSE:JBL traded down $2.62 during trading on Tuesday, hitting $219.67. 893,772 shares of the company were exchanged, compared to its average volume of 1,263,084. Jabil, Inc. has a 52-week low of $97.95 and a 52-week high of $232.84. The stock has a 50 day moving average of $205.28 and a 200 day moving average of $169.45. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64. The company has a market cap of $23.57 billion, a PE ratio of 42.65, a P/E/G ratio of 1.55 and a beta of 1.20.

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

Analyst Ratings Changes

A number of equities research analysts have commented on JBL shares. Barclays upped their price target on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. Raymond James Financial reissued a "strong-buy" rating and set a $230.00 target price (up from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Bank of America lifted their price objective on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Finally, Stifel Nicolaus began coverage on Jabil in a report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price target on the stock. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $231.71.

Insider Buying and Selling at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $216.59, for a total value of $4,331,800.00. Following the completion of the transaction, the chairman directly owned 1,440,190 shares of the company's stock, valued at $311,930,752.10. This trade represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven A. Raymund sold 13,432 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $223.11, for a total value of $2,996,813.52. Following the completion of the sale, the director owned 86,396 shares in the company, valued at $19,275,811.56. This trade represents a 13.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 322,847 shares of company stock worth $63,849,847 in the last ninety days. Insiders own 1.73% of the company's stock.

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).