Jabil, Inc. $JBL Shares Sold by One Wealth Advisors LLC

One Wealth Advisors LLC decreased its holdings in Jabil, Inc. (NYSE:JBL) by 4.6% in the second quarter, Holdings Channel reports. The fund owned 1,702 shares of the technology company’s stock after selling 82 shares during the period. One Wealth Advisors LLC’s holdings in Jabil were worth $371,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Mather Group LLC. grew its stake in shares of Jabil by 5.4% in the 2nd quarter. Mather Group LLC. now owns 1,186 shares of the technology company’s stock valued at $259,000 after buying an additional 61 shares during the period. UMB Bank n.a. grew its stake in shares of Jabil by 2.9% in the 2nd quarter. UMB Bank n.a. now owns 2,191 shares of the technology company’s stock valued at $478,000 after buying an additional 62 shares during the period. Groupe la Francaise grew its stake in shares of Jabil by 35.2% in the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after buying an additional 64 shares during the period. Keeley Teton Advisors LLC grew its stake in shares of Jabil by 0.3% in the 1st quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company’s stock valued at $3,456,000 after buying an additional 64 shares during the period. Finally, Cordatus Wealth Management LLC grew its stake in shares of Jabil by 2.9% in the 1st quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company’s stock valued at $330,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $200.02, for a total transaction of $4,000,400.00. Following the sale, the chairman directly owned 1,400,190 shares in the company, valued at $280,066,003.80. This represents a 1.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven A. Raymund sold 13,432 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $223.11, for a total transaction of $2,996,813.52. Following the sale, the director owned 86,396 shares in the company, valued at approximately $19,275,811.56. This trade represents a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,416 shares of company stock worth $14,293,839 over the last 90 days. 1.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on JBL shares. UBS Group set a $241.00 price target on shares of Jabil in a research note on Sunday. Zacks Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. increased their price objective on shares of Jabil from $214.00 to $256.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, Bank of America increased their price objective on shares of Jabil from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $248.43.

Jabil Price Performance

Jabil stock opened at $217.43 on Wednesday. The firm has a market cap of $23.33 billion, a PE ratio of 36.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. 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 company’s 50 day moving average is $216.33 and its two-hundred day moving average is $185.63.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders 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 dividend on an annualized basis and a yield of 0.1%. Jabil’s dividend payout ratio is 5.37%.

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).