Wincap Financial LLC Sells 1,834 Shares of Jabil, Inc. (NYSE:JBL)

Wincap Financial LLC decreased its position in Jabil, Inc. (NYSE:JBL) by 14.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,096 shares of the technology company’s stock after selling 1,834 shares during the period. Jabil accounts for 1.4% of Wincap Financial LLC’s portfolio, making the stock its 18th largest position. Wincap Financial LLC’s holdings in Jabil were worth $1,510,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in JBL. Norden Group LLC raised its position in shares of Jabil by 17.1% during the first quarter. Norden Group LLC now owns 4,116 shares of the technology company’s stock worth $560,000 after purchasing an additional 600 shares during the period. LPL Financial LLC raised its position in shares of Jabil by 12.6% during the first quarter. LPL Financial LLC now owns 45,878 shares of the technology company’s stock worth $6,243,000 after purchasing an additional 5,130 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Jabil by 1.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 222,432 shares of the technology company’s stock worth $30,266,000 after purchasing an additional 2,531 shares during the period. Spectrum Wealth Counsel LLC raised its position in shares of Jabil by 2,839.3% during the first quarter. Spectrum Wealth Counsel LLC now owns 13,697 shares of the technology company’s stock worth $1,864,000 after purchasing an additional 13,231 shares during the period. Finally, Empirical Finance LLC raised its position in shares of Jabil by 2.0% during the first quarter. Empirical Finance LLC now owns 10,404 shares of the technology company’s stock worth $1,416,000 after purchasing an additional 206 shares during the period. Institutional investors own 93.39% of the company’s stock.

Analysts Set New Price Targets

JBL has been the topic of a number of research analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $230.00 price target (up previously from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Stifel Nicolaus started coverage on Jabil in a research report on Wednesday, July 2nd. They issued a “buy” rating and a $245.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Barclays lifted their target price on Jabil from $206.00 to $223.00 and gave the company an “overweight” rating in a research report on Tuesday, June 17th. Finally, UBS Group lifted their target price on Jabil from $157.00 to $208.00 and gave the company a “neutral” rating in a research report 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $231.71.

Insider Activity at Jabil

In other news, EVP Andrew Priestley sold 13,913 shares of Jabil stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the completion of the transaction, the executive vice president directly owned 53,528 shares in the company, valued at approximately $10,875,283.76. The trade was a 20.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven D. Borges sold 22,443 shares of the business’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $200.01, for a total value of $4,488,824.43. Following the completion of the sale, the executive vice president owned 102,803 shares of the company’s stock, valued at $20,561,628.03. This trade represents a 17.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 322,847 shares of company stock worth $63,849,847 in the last three months. 1.73% of the stock is owned by company insiders.

Jabil Stock Up 1.8%

NYSE:JBL opened at $222.33 on Monday. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 43.17, a price-to-earnings-growth ratio of 1.55 and a beta of 1.20. Jabil, Inc. has a twelve month low of $95.85 and a twelve month high of $229.16. The stock’s 50 day moving average price is $198.29 and its two-hundred day moving average price is $166.67. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85.

Jabil (NYSE:JBL) last posted its quarterly 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 quarter in the previous year, the firm earned $1.89 EPS. The business’s quarterly revenue was up 15.7% on a year-over-year basis. Equities research analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

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).