Jabil, Inc. $JBL Shares Sold by DMC Group LLC

DMC Group LLC trimmed its stake in shares of Jabil, Inc. (NYSE:JBL) by 11.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,349 shares of the technology company’s stock after selling 176 shares during the quarter. DMC Group LLC’s holdings in Jabil were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Merit Financial Group LLC lifted its holdings in shares of Jabil by 94.2% during the first quarter. Merit Financial Group LLC now owns 3,171 shares of the technology company’s stock worth $431,000 after purchasing an additional 1,538 shares during the period. Range Financial Group LLC acquired a new stake in shares of Jabil in the 1st quarter worth $225,000. Farther Finance Advisors LLC lifted its stake in shares of Jabil by 26.0% in the 1st quarter. Farther Finance Advisors LLC now owns 2,481 shares of the technology company’s stock worth $338,000 after acquiring an additional 512 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock worth $30,000 after acquiring an additional 116 shares during the period. Finally, Signet Financial Management LLC lifted its position in Jabil by 2.1% in the first quarter. Signet Financial Management LLC now owns 25,944 shares of the technology company’s stock valued at $3,530,000 after purchasing an additional 532 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on JBL shares. The Goldman Sachs Group raised their price target on Jabil from $188.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. UBS Group set a $241.00 target price on Jabil in a report on Sunday, September 28th. Barclays raised their target price on Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a report on Friday, September 26th. JPMorgan Chase & Co. raised their target price on Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, Raymond James Financial set a $260.00 price objective on shares of Jabil in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $248.43.

Insider Buying and Selling

In other Jabil news, Director Steven A. Raymund sold 13,432 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 86,396 shares of the company’s stock, valued at approximately $19,275,811.56. This trade represents a 13.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Frederic E. Mccoy sold 4,500 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $223.55, for a total value of $1,005,975.00. Following the transaction, the executive vice president directly owned 124,203 shares of the company’s stock, valued at $27,765,580.65. The trade was a 3.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,416 shares of company stock worth $18,367,889. 1.73% of the stock is currently owned by corporate insiders.

Jabil Stock Up 0.2%

Shares of NYSE JBL opened at $202.64 on Wednesday. The firm’s 50-day moving average is $214.59 and its two-hundred day moving average is $187.96. The company has a market capitalization of $21.75 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. Jabil, Inc. 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.

Jabil Dividend Announcement

The business 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, August 15th. Jabil’s dividend payout ratio is 5.37%.

Jabil 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).