4,975 Shares in Jabil, Inc. (NYSE:JBL) Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new position in shares of Jabil, Inc. (NYSE:JBL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,975 shares of the technology company's stock, valued at approximately $677,000.

A number of other institutional investors have also added to or reduced their stakes in JBL. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Jabil by 21.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 565 shares of the technology company's stock worth $77,000 after purchasing an additional 99 shares in the last quarter. Utah Retirement Systems grew its stake in Jabil by 0.5% in the 4th quarter. Utah Retirement Systems now owns 18,382 shares of the technology company's stock worth $2,645,000 after buying an additional 100 shares in the last quarter. Atlas Capital Advisors Inc. grew its stake in Jabil by 1.0% in the 4th quarter. Atlas Capital Advisors Inc. now owns 10,463 shares of the technology company's stock worth $1,506,000 after buying an additional 105 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after buying an additional 116 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its position in shares of Jabil by 0.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,075 shares of the technology company's stock valued at $2,054,000 after buying an additional 119 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Raymond James Financial reiterated a "strong-buy" rating and issued a $230.00 target price (up from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Stifel Nicolaus assumed coverage on Jabil in a report on Wednesday. They issued a "buy" rating and a $245.00 price objective for the company. Wall Street Zen upgraded Jabil from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th. Bank of America boosted their target price on Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Finally, The Goldman Sachs Group increased their price target on shares of Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $225.71.

Jabil Trading Up 2.8%

JBL stock traded up $6.05 during midday trading on Wednesday, hitting $222.19. The company had a trading volume of 1,653,509 shares, compared to its average volume of 1,418,352. The stock has a market cap of $23.85 billion, a price-to-earnings ratio of 43.14, a PEG ratio of 1.51 and a beta of 1.20. Jabil, Inc. has a 52 week low of $95.85 and a 52 week high of $222.36. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. The stock's 50 day moving average price is $173.51 and its 200 day moving average price is $156.97.

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

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.14%. Jabil's payout ratio is presently 6.21%.

Insider Activity at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 150,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was 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 approximately $301,631,919.36. This trade represents a 8.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven D. Borges sold 22,443 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $200.01, for a total value of $4,488,824.43. Following the completion of the sale, the executive vice president directly owned 102,803 shares of the company's stock, valued at $20,561,628.03. The trade was a 17.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 316,431 shares of company stock worth $60,571,609 over the last 90 days. 1.73% of the stock is owned by insiders.

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).