Verdence Capital Advisors LLC boosted its stake in Jabil, Inc. (NYSE:JBL – Free Report) by 30.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,382 shares of the technology company’s stock after buying an additional 1,732 shares during the period. Verdence Capital Advisors LLC’s holdings in Jabil were worth $1,610,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of JBL. Farther Finance Advisors LLC grew its stake in Jabil by 26.0% in the 1st quarter. Farther Finance Advisors LLC now owns 2,481 shares of the technology company’s stock valued at $338,000 after buying an additional 512 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Jabil by 110.5% in 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. GAMMA Investing LLC grew its stake in Jabil by 28.7% in the 1st quarter. GAMMA Investing LLC now owns 3,858 shares of the technology company’s stock valued at $525,000 after buying an additional 860 shares during the last quarter. SG Americas Securities LLC grew its stake in Jabil by 328.1% in the 1st quarter. SG Americas Securities LLC now owns 7,937 shares of the technology company’s stock valued at $1,080,000 after buying an additional 6,083 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Jabil by 18.8% in the 1st quarter. Fifth Third Bancorp now owns 4,791 shares of the technology company’s stock valued at $652,000 after purchasing an additional 757 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.
Jabil Stock Performance
Shares of Jabil stock opened at $199.83 on Tuesday. The company has a 50 day moving average of $212.89 and a 200-day moving average of $189.89. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $237.14. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 1.57. The company has a market cap of $21.45 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 1.38 and a beta of 1.26.
Jabil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.2%. Jabil’s dividend payout ratio is presently 5.37%.
Insider Activity at Jabil
In related news, EVP Frederic E. Mccoy sold 4,500 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $223.55, for a total value of $1,005,975.00. Following the completion of the transaction, the executive vice president owned 124,203 shares of the company’s stock, valued at $27,765,580.65. This represents a 3.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven A. Raymund sold 13,432 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $223.11, for a total transaction of $2,996,813.52. Following the completion of the transaction, the director directly owned 86,396 shares of the company’s stock, valued at approximately $19,275,811.56. The trade was a 13.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,416 shares of company stock worth $18,367,889 in the last 90 days. 1.73% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. Bank of America boosted their price objective on shares of Jabil from $245.00 to $255.00 and gave the company a “buy” rating in a report on Friday, September 26th. Zacks Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Argus raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. boosted their price objective on shares of Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Jabil in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.43.
About Jabil
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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