Greenleaf Trust Has $827,000 Holdings in Jabil, Inc. $JBL

Greenleaf Trust trimmed its holdings in Jabil, Inc. (NYSE:JBL) by 9.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,792 shares of the technology company’s stock after selling 409 shares during the period. Greenleaf Trust’s holdings in Jabil were worth $827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBL. Wealth Enhancement Advisory Services LLC raised its position in shares of Jabil by 68.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 22,318 shares of the technology company’s stock valued at $3,212,000 after buying an additional 9,039 shares in the last quarter. Rhumbline Advisers raised its position in shares of Jabil by 6.6% in the first quarter. Rhumbline Advisers now owns 227,017 shares of the technology company’s stock valued at $30,890,000 after buying an additional 14,033 shares in the last quarter. Czech National Bank raised its position in shares of Jabil by 2.8% in the first quarter. Czech National Bank now owns 25,158 shares of the technology company’s stock valued at $3,423,000 after buying an additional 691 shares in the last quarter. NBC Securities Inc. raised its position in shares of Jabil by 101,280.0% in the first quarter. NBC Securities Inc. now owns 5,069 shares of the technology company’s stock valued at $689,000 after buying an additional 5,064 shares in the last quarter. Finally, Merit Financial Group LLC raised its position in shares of Jabil by 94.2% in the first quarter. Merit Financial Group LLC now owns 3,171 shares of the technology company’s stock valued at $431,000 after buying an additional 1,538 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

JBL has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on shares of 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 price objective on shares of Jabil from $223.00 to $267.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Wall Street Zen cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 12th. Bank of America lifted their price objective on shares of Jabil from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of Jabil from $188.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and a consensus price target of $248.43.

Jabil Stock Performance

NYSE JBL opened at $215.89 on Friday. The firm’s fifty day moving average price is $216.00 and its two-hundred day moving average price is $186.36. The stock has a market cap of $23.17 billion, a PE ratio of 36.22, a PEG ratio of 1.53 and a beta of 1.26. Jabil, Inc. has a fifty-two week low of $108.66 and a fifty-two week high of $237.14. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.66 and a current ratio of 1.00.

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 paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, August 15th. Jabil’s payout ratio is presently 5.37%.

Insider Activity at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the business’s stock in a transaction 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 owned 1,400,190 shares of the company’s stock, valued at approximately $280,066,003.80. The trade was a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Frederic E. Mccoy sold 4,500 shares of the business’s stock in a transaction on 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 sale, the executive vice president directly owned 124,203 shares in the company, valued at approximately $27,765,580.65. The trade was a 3.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,416 shares of company stock worth $14,071,089. Corporate insiders own 1.73% 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).