Mutual of America Capital Management LLC Decreases Stock Position in Jabil, Inc. (NYSE:JBL)

Mutual of America Capital Management LLC lessened its stake in Jabil, Inc. (NYSE:JBL) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,737 shares of the technology company’s stock after selling 779 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Jabil were worth $1,733,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JBL. Creative Financial Designs Inc. ADV purchased a new position in Jabil in the 1st quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Jabil in the 4th quarter worth approximately $29,000. Harbor Capital Advisors Inc. boosted its stake in shares of Jabil by 110.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock valued at $30,000 after buying an additional 116 shares during the last quarter. Millstone Evans Group LLC purchased a new position in shares of Jabil during the 4th quarter valued at approximately $37,000. Finally, Golden State Wealth Management LLC boosted its stake in shares of 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 buying an additional 264 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

JBL has been the subject of several research analyst reports. Wall Street Zen cut Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Stifel Nicolaus initiated coverage on Jabil in a research note on Wednesday, July 2nd. They set a “buy” rating and a $245.00 target price for the company. Bank of America increased their target price on Jabil from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, June 20th. JPMorgan Chase & Co. raised their price objective on Jabil from $214.00 to $256.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, UBS Group raised their price objective on Jabil from $157.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Jabil has an average rating of “Buy” and a consensus target price of $231.71.

Jabil Stock Performance

Shares of JBL opened at $224.00 on Monday. Jabil, Inc. has a 12-month low of $95.85 and a 12-month high of $227.54. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64. The business’s fifty day moving average price is $192.62 and its 200 day moving average price is $164.21. The stock has a market capitalization of $24.04 billion, a PE ratio of 43.50, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20.

Jabil (NYSE:JBL) last issued its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same period last year, the company earned $1.89 earnings per share. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities research analysts forecast that Jabil, Inc. will post 8.05 EPS for the current year.

Insider Transactions at Jabil

In other Jabil news, SVP May Yee Yap sold 6,787 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $206.00, for a total value of $1,398,122.00. Following the sale, the senior vice president directly owned 25,582 shares of the company’s stock, valued at $5,269,892. This trade represents a 20.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anousheh Ansari sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $222.75, for a total value of $222,750.00. Following the transaction, the director directly owned 36,400 shares in the company, valued at $8,108,100. This trade represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,431 shares of company stock valued at $58,163,159 over the last three months. 1.73% of the stock is currently 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).