Retireful LLC Takes Position in Jabil Inc. (NYSE:JBL)

Retireful LLC bought a new stake in Jabil Inc. (NYSE:JBL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,326 shares of the technology company's stock, valued at approximately $1,132,000.

Several other institutional investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in shares of Jabil during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Jabil during the 4th quarter valued at $29,000. Millstone Evans Group LLC purchased a new position in Jabil during the 4th quarter valued at $37,000. First Horizon Advisors Inc. raised its holdings in Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after purchasing an additional 130 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Jabil by 113.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock worth $43,000 after purchasing an additional 158 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on JBL. JPMorgan Chase & Co. reduced their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group lowered their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a report on Thursday, April 10th. UBS Group boosted their price target on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Wall Street Zen raised Jabil from a "hold" rating to a "buy" rating in a research report on Monday, May 19th. Finally, Barclays lifted their price objective on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $158.50.

Insider Transactions at Jabil

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the completion of the sale, the chief executive officer now owns 221,693 shares of the company's stock, valued at approximately $37,665,640.70. The trade was a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $166.75, for a total value of $3,335,000.00. Following the completion of the transaction, the chairman now directly owns 1,710,192 shares in the company, valued at $285,174,516. This trade represents a 1.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $7,665,200 in the last ninety days. Insiders own 1.73% of the company's stock.

Jabil Stock Up 2.5%

Shares of JBL traded up $4.29 on Friday, hitting $176.93. 1,182,933 shares of the stock traded hands, compared to its average volume of 1,423,049. Jabil Inc. has a one year low of $95.85 and a one year high of $176.96. The company has a market capitalization of $18.99 billion, a PE ratio of 16.96, a P/E/G ratio of 1.65 and a beta of 1.14. The business has a 50 day simple moving average of $149.36 and a 200 day simple moving average of $148.81. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.68 EPS. As a group, equities analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.18%. Jabil's dividend payout ratio (DPR) is 7.66%.

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).