Roundview Capital LLC Purchases 1,687 Shares of Jabil, Inc. $JBL

Key Points

• Roundview Capital LLC increased its holdings in Jabil, Inc. by 20.8%, purchasing an additional 1,687 shares during the second quarter, now totaling 9,815 shares valued at $2,141,000.
• Recent analyst ratings for Jabil have been positive, with JPMorgan raising its price target from $214.00 to $256.00 and maintaining an "overweight" rating.
• Jabil announced a quarterly dividend of $0.08 per share, resulting in an annual yield of 0.2%, with a low payout ratio of 5.37%.

Roundview Capital LLC grew its position in Jabil, Inc. (NYSE:JBL - Free Report) by 20.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,815 shares of the technology company's stock after buying an additional 1,687 shares during the period. Roundview Capital LLC's holdings in Jabil were worth $2,141,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JBL. Wellington Management Group LLP boosted its holdings in shares of Jabil by 12.9% in the 1st quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company's stock valued at $892,096,000 after buying an additional 747,423 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Jabil by 119.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company's stock valued at $165,417,000 after buying an additional 662,938 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Jabil by 4,593.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 636,776 shares of the technology company's stock valued at $138,881,000 after buying an additional 623,208 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Jabil in the 1st quarter valued at about $81,378,000. Finally, Jones Financial Companies Lllp raised its position in shares of Jabil by 28,071.4% in the 1st quarter. Jones Financial Companies Lllp now owns 343,409 shares of the technology company's stock valued at $46,728,000 after purchasing an additional 342,190 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Insider Activity at Jabil

In related news, EVP Frederic E. Mccoy sold 4,500 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $223.55, for a total value of $1,005,975.00. Following the completion of the sale, the executive vice president owned 124,203 shares of the company's stock, valued at approximately $27,765,580.65. The trade was a 3.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew Priestley sold 3,702 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $225.00, for a total transaction of $832,950.00. Following the completion of the sale, the executive vice president directly owned 44,833 shares of the company's stock, valued at approximately $10,087,425. The trade was a 7.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,416 shares of company stock worth $18,367,889 in the last quarter. 1.73% of the stock is owned by insiders.

Jabil Price Performance

Shares of NYSE JBL opened at $202.64 on Wednesday. The stock has a market capitalization of $21.75 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 1.44 and a beta of 1.26. Jabil, Inc. has a 12 month low of $108.66 and a 12 month high of $237.14. The firm's 50 day simple moving average is $214.59 and its 200-day simple moving average is $187.96. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.00 and a quick ratio of 0.66.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 15th. Jabil's payout ratio is presently 5.37%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Jabil from $214.00 to $256.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Raymond James Financial set a $260.00 price objective on shares of Jabil in a research report on Thursday, September 25th. Zacks Research lowered shares of Jabil from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. UBS Group set a $241.00 price objective on shares of Jabil in a research report on Sunday, September 28th. Finally, Stifel Nicolaus assumed coverage on shares of Jabil in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Jabil currently has an average rating of "Moderate Buy" and a consensus target price of $248.43.

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).

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