Jabil, Inc. (NYSE:JBL) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its position in shares of Jabil, Inc. (NYSE:JBL) by 26.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,481 shares of the technology company’s stock after acquiring an additional 512 shares during the period. Farther Finance Advisors LLC’s holdings in Jabil were worth $338,000 at the end of the most recent quarter.

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

Insider Transactions at Jabil

In related news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the transaction, the chairman now owns 1,730,192 shares of the company’s stock, valued at approximately $227,624,059.52. This represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Dastoor sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total value of $1,699,000.00. Following the sale, the chief executive officer now directly owns 221,693 shares in the company, valued at approximately $37,665,640.70. This represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock valued at $7,665,200 over the last quarter. Company insiders own 1.73% of the company’s stock.

Jabil Stock Performance

NYSE JBL opened at $196.42 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.02 and a debt-to-equity ratio of 2.12. Jabil, Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $203.90. The business has a fifty day moving average of $157.94 and a 200-day moving average of $151.63. The stock has a market cap of $21.09 billion, a price-to-earnings ratio of 46.99, a price-to-earnings-growth ratio of 1.76 and a beta of 1.14.

Jabil (NYSE:JBL) last released its earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.28 by $0.27. Jabil had a return on equity of 49.64% and a net margin of 1.76%. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period in the prior year, the firm posted $1.89 earnings per share. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend was Thursday, May 15th. Jabil’s dividend payout ratio is presently 7.66%.

Analysts Set New Price Targets

A number of equities research analysts have commented on JBL shares. The Goldman Sachs Group increased their price objective on shares of Jabil from $165.00 to $188.00 and gave the company a “buy” rating in a research report on Tuesday, June 10th. UBS Group increased their target price on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Wall Street Zen upgraded Jabil from a “hold” rating to a “buy” rating in a research note on Monday, May 19th. Barclays upped their price objective on Jabil from $184.00 to $206.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 10th. Finally, JPMorgan Chase & Co. cut their target price on Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $169.17.

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).