Fifth Third Bancorp Acquires 359 Shares of Jabil, Inc. $JBL

Fifth Third Bancorp lifted its holdings in shares of Jabil, Inc. (NYSE:JBL) by 7.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,150 shares of the technology company’s stock after purchasing an additional 359 shares during the period. Fifth Third Bancorp’s holdings in Jabil were worth $1,123,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBL. Creative Financial Designs Inc. ADV bought a new position in Jabil during the first quarter valued at $27,000. Harbor Capital Advisors Inc. lifted its position 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. Groupe la Francaise grew its stake in shares of Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after acquiring an additional 64 shares during the period. Golden State Wealth Management LLC grew 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 worth $37,000 after acquiring an additional 264 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in Jabil in the 1st quarter worth about $52,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jabil

In other news, Director Anousheh Ansari sold 1,000 shares of the company’s stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $222.75, for a total transaction of $222,750.00. Following the completion of the transaction, the director directly owned 36,400 shares of the company’s stock, valued at approximately $8,108,100. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,500 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total transaction of $1,005,975.00. Following the sale, the executive vice president owned 124,203 shares of the company’s stock, valued at approximately $27,765,580.65. This represents a 3.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,416 shares of company stock worth $18,625,639 over the last quarter. Company insiders own 1.73% of the company’s stock.

Jabil Stock Up 2.8%

JBL opened at $216.19 on Monday. The business’s fifty day simple moving average is $216.57 and its 200 day simple moving average is $184.85. Jabil, Inc. has a 52 week low of $108.66 and a 52 week high of $237.14. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 1.57. The stock has a market cap of $23.20 billion, a PE ratio of 36.27, a P/E/G ratio of 1.27 and a beta of 1.25.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.1%. Jabil’s dividend payout ratio is currently 5.37%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price 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. Barclays lifted their price objective on shares of Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group boosted their target price on shares of Jabil from $157.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. raised their price target on Jabil from $214.00 to $256.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Finally, Wall Street Zen cut Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Jabil presently has an average rating of “Moderate Buy” and an average target price of $243.71.

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).