Y Intercept Hong Kong Ltd Purchases 5,164 Shares of Jabil, Inc. (NYSE:JBL)

Y Intercept Hong Kong Ltd lifted its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 37.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,945 shares of the technology company's stock after purchasing an additional 5,164 shares during the period. Y Intercept Hong Kong Ltd's holdings in Jabil were worth $2,578,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. TD Private Client Wealth LLC boosted its holdings in Jabil by 52.9% in the 4th quarter. TD Private Client Wealth LLC now owns 474 shares of the technology company's stock worth $68,000 after buying an additional 164 shares during the period. Millstone Evans Group LLC bought a new stake in shares of Jabil in the 4th quarter worth approximately $37,000. Mizuho Securities USA LLC lifted its holdings in shares of Jabil by 45.4% in the 4th quarter. Mizuho Securities USA LLC now owns 10,695 shares of the technology company's stock worth $1,539,000 after acquiring an additional 3,339 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Jabil by 5.6% in the 4th quarter. American Century Companies Inc. now owns 246,198 shares of the technology company's stock worth $35,428,000 after acquiring an additional 13,161 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Jabil during the 4th quarter valued at $5,756,000. 93.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Barclays lifted their price target on shares of Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. The Goldman Sachs Group lifted their price objective 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. UBS Group boosted their price target on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Finally, Bank of America lifted their price objective on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Jabil has a consensus rating of "Buy" and a consensus target price of $231.71.

Jabil Stock Performance

Shares of Jabil stock opened at $220.98 on Wednesday. Jabil, Inc. has a 52 week low of $95.85 and a 52 week high of $227.54. The company has a 50 day moving average price of $192.62 and a 200 day moving average price of $164.21. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $23.72 billion, a P/E ratio of 42.91, a PEG ratio of 1.56 and a beta of 1.20.

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

Insider Buying and Selling

In related news, SVP Francis Mckay sold 3,395 shares of the stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $205.48, for a total transaction of $697,604.60. Following the transaction, the senior vice president directly owned 38,112 shares in the company, valued at approximately $7,831,253.76. This represents a 8.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Raymund sold 13,432 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $223.11, for a total value of $2,996,813.52. Following the transaction, the director owned 86,396 shares in the company, valued at $19,275,811.56. This trade represents a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 314,645 shares of company stock valued at $62,010,922. 1.73% of the stock is 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).

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