Valeo Financial Advisors LLC Invests $295,000 in Jabil, Inc. $JBL

Key Points

• Valeo Financial Advisors LLC has invested approximately $295,000 in Jabil, acquiring 1,352 shares during the second quarter of the year.
• Jabil has received multiple new target prices from analysts, with UBS Group setting a target of $241.00 and Bank of America lifting theirs from $245.00 to $255.00.
• The company declared a quarterly dividend of $0.08 per share, marking an annualized yield of 0.2% alongside a dividend payout ratio of 5.37%.

Valeo Financial Advisors LLC acquired a new position in Jabil, Inc. (NYSE:JBL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,352 shares of the technology company's stock, valued at approximately $295,000.

Several other institutional investors have also recently made changes to their positions in JBL. Creative Financial Designs Inc. ADV bought a new position in shares of Jabil in the first quarter worth about $27,000. Harbor Capital Advisors Inc. raised its stake 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 worth $30,000 after buying an additional 116 shares during the period. Groupe la Francaise raised its stake in Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company's stock valued at $34,000 after purchasing an additional 64 shares during the period. Golden State Wealth Management LLC raised its stake in Jabil by 2,400.0% during the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock valued at $37,000 after purchasing an additional 264 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in Jabil during the 1st quarter valued at approximately $52,000. Institutional investors own 93.39% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on JBL. UBS Group set a $241.00 target price on Jabil in a research note on Sunday, September 28th. Zacks Research downgraded Jabil from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. The Goldman Sachs Group lifted their target price on Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Stifel Nicolaus began coverage on Jabil in a research note on Wednesday, July 2nd. They set a "buy" rating and a $245.00 target price on the stock. Finally, Bank of America lifted their target price on Jabil from $245.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $248.43.

Jabil Stock Performance

NYSE JBL opened at $204.79 on Friday. The stock has a market capitalization of $21.98 billion, a PE ratio of 34.36, a P/E/G ratio of 1.47 and a beta of 1.26. The business has a 50 day simple moving average of $213.83 and a two-hundred day simple moving average of $188.47. 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, Inc. has a 1-year low of $108.66 and a 1-year high of $237.14.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, August 15th. Jabil's dividend payout ratio (DPR) is currently 5.37%.

Insider Transactions at Jabil

In other news, EVP Frederic E. Mccoy sold 4,500 shares of Jabil stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total value of $1,005,975.00. Following the completion of the transaction, the executive vice president owned 124,203 shares in the company, valued at approximately $27,765,580.65. The trade was a 3.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew Priestley sold 3,782 shares of Jabil stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $225.00, for a total value of $850,950.00. Following the completion of the transaction, the executive vice president owned 48,535 shares of the company's stock, valued at approximately $10,920,375. This trade represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,416 shares of company stock worth $18,367,889. 1.73% of the stock is owned by corporate insiders.

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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