DMC Group LLC Makes New Investment in Jabil Inc. (NYSE:JBL)

DMC Group LLC bought a new position in shares of Jabil Inc. (NYSE:JBL) during the first quarter, Holdings Channel.com reports. The firm bought 1,641 shares of the technology company’s stock, valued at approximately $220,000.

Several other institutional investors have also recently made changes to their positions in JBL. Alaska Permanent Fund Corp bought a new position in shares of Jabil during the fourth quarter valued at approximately $29,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Jabil in the 4th quarter worth approximately $32,000. Riverview Trust Co bought a new position in Jabil during the 1st quarter valued at approximately $33,000. CVA Family Office LLC purchased a new position in Jabil during the fourth quarter valued at $36,000. Finally, Valley National Advisers Inc. bought a new stake in Jabil in the fourth quarter worth $36,000. Institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

JBL has been the subject of several analyst reports. UBS Group reduced their price target on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Bank of America decreased their target price on shares of Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a report on Friday, June 21st. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Barclays decreased their price objective on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Jabil from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.63.

Insider Buying and Selling

In other Jabil news, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the sale, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at $4,050,687.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Kenneth S. Wilson sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP May Yee Yap sold 7,877 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the sale, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at $4,050,687.90. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by insiders.

Jabil Stock Up 1.4 %

Shares of Jabil stock opened at $110.10 on Thursday. Jabil Inc. has a twelve month low of $100.18 and a twelve month high of $156.94. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 1.26. The company’s 50 day moving average is $116.76 and its 200 day moving average is $127.37. The company has a market cap of $13.28 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Thursday, June 20th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.85 by $0.04. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.53 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. Jabil’s revenue was down 20.2% compared to the same quarter last year. Research analysts anticipate that Jabil Inc. will post 7.86 EPS for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is presently 2.91%.

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).