TriaGen Wealth Management LLC Buys Shares of 939 Jabil, Inc. $JBL

TriaGen Wealth Management LLC bought a new stake in Jabil, Inc. (NYSE:JBL) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 939 shares of the technology company’s stock, valued at approximately $205,000.

Other large investors also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV acquired a new stake in Jabil in the first quarter valued at $27,000. Harbor Capital Advisors Inc. grew its holdings in Jabil by 110.5% in the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock valued at $30,000 after purchasing an additional 116 shares during the last quarter. Groupe la Francaise grew its holdings in Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after purchasing an additional 64 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Jabil by 2,400.0% in the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company’s stock valued at $37,000 after purchasing an additional 264 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Jabil in the first quarter valued at $52,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Bank of America upped their price objective on Jabil from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, September 26th. The Goldman Sachs Group upped their price objective on Jabil from $188.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. upped their price objective on Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Barclays upped their price objective on Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Finally, Stifel Nicolaus assumed coverage on Jabil in a research report on Wednesday, July 2nd. They issued a “buy” rating and a $245.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $248.43.

Jabil Stock Performance

NYSE JBL opened at $202.37 on Tuesday. The business’s 50-day moving average price is $215.15 and its 200 day moving average price is $187.86. Jabil, Inc. has a twelve month low of $108.66 and a twelve month high of $237.14. The company has a market capitalization of $21.72 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 1.57.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were given a dividend of $0.08 per share. The ex-dividend date 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%.

Insiders Place Their Bets

In related news, EVP Frederic E. Mccoy sold 4,500 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total transaction of $1,005,975.00. Following the transaction, the executive vice president directly owned 124,203 shares in the company, valued at approximately $27,765,580.65. This represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $214.84, for a total value of $4,296,800.00. Following the transaction, the chairman owned 1,380,190 shares in the company, valued at $296,520,019.60. This trade represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,416 shares of company stock valued at $18,367,889. 1.73% of the stock is owned by corporate insiders.

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).