Stephens Inc. AR Increases Stock Holdings in Jabil Inc (NYSE:JBL)

Stephens Inc. AR boosted its stake in shares of Jabil Inc (NYSE:JBL) by 3.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 10,197 shares of the technology company’s stock after buying an additional 329 shares during the quarter. Stephens Inc. AR’s holdings in Jabil were worth $327,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in JBL. FMR LLC increased its position in Jabil by 50.3% during the second quarter. FMR LLC now owns 22,606,431 shares of the technology company’s stock valued at $725,214,000 after acquiring an additional 7,561,363 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Jabil by 1,588.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,044,578 shares of the technology company’s stock worth $33,510,000 after purchasing an additional 982,710 shares during the period. Holocene Advisors LP purchased a new stake in Jabil in the 2nd quarter worth about $30,304,000. Alyeska Investment Group L.P. purchased a new stake in Jabil in the 2nd quarter worth about $24,053,000. Finally, Credit Agricole S A boosted its position in shares of Jabil by 278.0% during the first quarter. Credit Agricole S A now owns 843,916 shares of the technology company’s stock valued at $20,743,000 after buying an additional 620,635 shares during the period. Institutional investors own 89.50% of the company’s stock.

In other Jabil news, Director Timothy L. Main sold 15,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $35.00, for a total transaction of $525,000.00. Following the sale, the director now owns 292,583 shares of the company’s stock, valued at approximately $10,240,405. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.81% of the stock is owned by corporate insiders.

Several brokerages have recently weighed in on JBL. Citigroup increased their price target on Jabil from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, September 18th. Goldman Sachs Group upgraded Jabil from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $40.00 in a research report on Wednesday, July 15th. Royal Bank of Canada boosted their target price on shares of Jabil from $30.00 to $35.00 and gave the company a “sector perform” rating in a research note on Monday, June 22nd. Zacks Investment Research upgraded shares of Jabil from a “sell” rating to a “hold” rating and set a $36.00 price objective for the company in a report on Monday, August 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Jabil from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $38.44.

NYSE JBL opened at $33.26 on Wednesday. The company has a market cap of $5.01 billion, a PE ratio of 138.59, a P/E/G ratio of 0.98 and a beta of 1.21. The firm’s 50 day moving average price is $33.80 and its 200-day moving average price is $30.18. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.57 and a current ratio of 0.94. Jabil Inc has a 52-week low of $17.63 and a 52-week high of $44.20.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Friday, August 14th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.96%. Jabil’s dividend payout ratio is currently 17.68%.

Jabil Profile

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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