Atria Wealth Solutions Inc. Has $1.11 Million Stock Position in Jabil, Inc. (NYSE:JBL)

Atria Wealth Solutions Inc. increased its position in shares of Jabil, Inc. (NYSE:JBL) by 6.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,172 shares of the technology company’s stock after purchasing an additional 468 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Jabil were worth $1,112,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Creative Financial Designs Inc. ADV bought a new stake in Jabil during the first quarter worth about $27,000. Harbor Capital Advisors Inc. grew its stake in Jabil by 110.5% during 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 last quarter. Golden State Wealth Management LLC grew its stake in Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company’s stock worth $37,000 after buying an additional 264 shares during the last quarter. True Wealth Design LLC grew its stake in Jabil by 3,411.1% during the fourth quarter. True Wealth Design LLC now owns 316 shares of the technology company’s stock worth $45,000 after buying an additional 307 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Jabil during the first quarter worth about $52,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of Jabil from $188.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, June 18th. Argus upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Wednesday, June 18th. UBS Group raised their price objective on shares of Jabil from $157.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, June 18th. Stifel Nicolaus initiated 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. Finally, Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $231.71.

Insider Transactions at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 150,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $193.33, for a total value of $28,999,500.00. Following the transaction, the chairman owned 1,560,192 shares of the company’s stock, valued at approximately $301,631,919.36. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Raymund sold 15,955 shares of Jabil stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $216.83, for a total value of $3,459,522.65. Following the transaction, the director owned 99,828 shares in the company, valued at approximately $21,645,705.24. This represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 342,847 shares of company stock valued at $68,233,847. Corporate insiders own 1.73% of the company’s stock.

Jabil Trading Down 0.8%

NYSE:JBL opened at $222.45 on Tuesday. Jabil, Inc. has a 1-year low of $99.67 and a 1-year high of $232.84. The business’s 50-day moving average price is $210.61 and its two-hundred day moving average price is $171.30. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $23.87 billion, a price-to-earnings ratio of 43.19, a PEG ratio of 1.57 and a beta of 1.20.

Jabil (NYSE:JBL) last released its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, beating 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 quarter in the prior year, the firm posted $1.89 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 14.0%. Jabil’s dividend payout ratio is presently 6.21%.

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).