Jabil (NYSE:JBL) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Jabil (NYSE:JBL) from a buy rating to a strong-buy rating in a research note released on Friday morning.

Several other research firms have also recently commented on JBL. Raymond James Financial set a $260.00 price target on Jabil in a research note on Thursday, September 25th. UBS Group set a $241.00 price target on Jabil in a research note on Sunday, September 28th. Barclays upped their price target on Jabil from $223.00 to $267.00 and gave the stock an “overweight” rating in a research note on Friday, September 26th. The Goldman Sachs Group upped their price objective on Jabil from $188.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th. Finally, Stifel Nicolaus began coverage on Jabil in a report on Wednesday, July 2nd. They set a “buy” rating and a $245.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $248.43.

Jabil Price Performance

Jabil stock opened at $202.22 on Friday. Jabil has a 12 month low of $108.66 and a 12 month high of $237.14. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.00 and a quick ratio of 0.66. The business has a 50 day simple moving average of $215.60 and a 200-day simple moving average of $186.82. The stock has a market capitalization of $21.70 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 1.53 and a beta of 1.26.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th were issued 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 5.37%.

Insider Transactions at Jabil

In other Jabil news, EVP Andrew Priestley sold 3,702 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $225.00, for a total value of $832,950.00. Following the sale, the executive vice president owned 44,833 shares of the company’s stock, valued at approximately $10,087,425. This represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $214.84, for a total value of $4,296,800.00. Following the completion of the sale, the chairman directly owned 1,380,190 shares in the company, valued at $296,520,019.60. This trade represents a 1.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,416 shares of company stock worth $18,367,889 over the last ninety days. 1.73% of the stock is currently owned by company insiders.

Institutional Trading of Jabil

Large investors have recently bought and sold shares of the company. Jackson Wealth Management LLC purchased a new stake in shares of Jabil in the third quarter valued at $521,000. Aaron Wealth Advisors LLC lifted its position in shares of Jabil by 223.9% in the third quarter. Aaron Wealth Advisors LLC now owns 7,511 shares of the technology company’s stock valued at $1,631,000 after acquiring an additional 5,192 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Jabil by 7.4% in the third quarter. GAMMA Investing LLC now owns 5,342 shares of the technology company’s stock valued at $1,160,000 after acquiring an additional 367 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Jabil by 7.6% in the second quarter. Corient Private Wealth LLC now owns 27,950 shares of the technology company’s stock valued at $6,096,000 after acquiring an additional 1,970 shares in the last quarter. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Jabil in the second quarter valued at $317,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

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).