Oak Thistle LLC Increases Stake in Jabil, Inc. (NYSE:JBL)

Oak Thistle LLC grew its stake in Jabil, Inc. (NYSE:JBL - Free Report) by 57.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,961 shares of the technology company's stock after purchasing an additional 3,266 shares during the quarter. Oak Thistle LLC's holdings in Jabil were worth $1,219,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new stake in shares of Jabil in the first quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Jabil in the fourth quarter valued at about $29,000. Harbor Capital Advisors Inc. grew its position 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 purchasing an additional 116 shares during the period. Golden State Wealth Management LLC boosted its position in Jabil by 2,400.0% during the first 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, True Wealth Design LLC boosted its position in Jabil by 3,411.1% during the fourth quarter. True Wealth Design LLC now owns 316 shares of the technology company's stock worth $45,000 after acquiring an additional 307 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Analysts Set New Price Targets

JBL has been the topic of a number of recent research reports. Stifel Nicolaus initiated coverage on shares of Jabil in a research report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price target on the stock. Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. Bank of America boosted their price target on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Wall Street Zen downgraded shares of Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $230.00 price objective (up previously from $170.00) on shares of Jabil in a report on Wednesday, June 18th. One 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 stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $231.71.

Jabil Stock Up 1.8%

NYSE JBL traded up $3.92 on Friday, hitting $222.33. 854,384 shares of the stock were exchanged, compared to its average volume of 1,390,671. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. Jabil, Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $229.16. The company has a market cap of $23.86 billion, a PE ratio of 43.17, a PEG ratio of 1.55 and a beta of 1.20. The company has a 50-day moving average price of $198.29 and a 200-day moving average price of $166.58.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The business had revenue of $7.83 billion during the quarter, compared to analysts' expectations of $7.03 billion. During the same quarter in the prior year, the business posted $1.89 EPS. The company's revenue for the quarter was up 15.7% on a year-over-year basis. Sell-side analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Mark T. Mondello sold 150,000 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $193.33, for a total value of $28,999,500.00. Following the completion of the sale, the chairman owned 1,560,192 shares in the company, valued at $301,631,919.36. This represents a 8.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Dastoor sold 18,234 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $191.66, for a total transaction of $3,494,728.44. Following the completion of the sale, the chief executive officer owned 203,459 shares of the company's stock, valued at approximately $38,994,951.94. This trade represents a 8.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 322,847 shares of company stock worth $63,849,847. 1.73% of the stock is currently owned by company insiders.

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).