BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 25,093 Shares of Jabil, Inc. $JBL

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Jabil, Inc. (NYSE:JBL) by 957.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,715 shares of the technology company’s stock after purchasing an additional 25,093 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Jabil were worth $3,771,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV purchased a new position in Jabil in the first quarter worth about $27,000. Harbor Capital Advisors Inc. grew its position in Jabil by 110.5% in the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock worth $30,000 after acquiring an additional 116 shares in the last quarter. Golden State Wealth Management LLC grew its position 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 worth $37,000 after acquiring an additional 264 shares in the last quarter. True Wealth Design LLC grew its position in Jabil by 3,411.1% in the fourth quarter. True Wealth Design LLC now owns 316 shares of the technology company’s stock worth $45,000 after acquiring an additional 307 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Jabil in the first quarter worth about $52,000. 93.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JBL has been the subject of several recent research reports. Stifel Nicolaus initiated coverage on Jabil in a research report on Wednesday, July 2nd. They issued a “buy” rating and a $245.00 price target for the company. Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Bank of America boosted their target price on Jabil from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, June 20th. Barclays boosted their target price on Jabil from $206.00 to $223.00 and gave the company an “overweight” rating in a research report on Tuesday, June 17th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $230.00 target price (up previously from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Jabil currently has a consensus rating of “Buy” and a consensus target price of $231.71.

Insider Buying and Selling at Jabil

In other news, CEO Michael Dastoor sold 18,234 shares of the company’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $191.66, for a total transaction of $3,494,728.44. Following the transaction, the chief executive officer directly owned 203,459 shares of the company’s stock, valued at approximately $38,994,951.94. This represents a 8.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 15,955 shares of the company’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $216.83, for a total value of $3,459,522.65. Following the completion of the transaction, the director directly owned 99,828 shares in the company, valued at approximately $21,645,705.24. The trade was a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 332,847 shares of company stock valued at $66,534,847. Corporate insiders own 1.73% of the company’s stock.

Jabil Stock Up 0.2%

Shares of NYSE JBL opened at $215.83 on Tuesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98. The firm has a market capitalization of $23.16 billion, a price-to-earnings ratio of 41.91, a PEG ratio of 1.50 and a beta of 1.20. The stock has a 50 day moving average price of $215.13 and a 200 day moving average price of $173.33. Jabil, Inc. has a 52-week low of $99.67 and a 52-week high of $232.84.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.27. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%. Jabil’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.89 earnings per share. Sell-side analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 14.0%. Jabil’s dividend payout ratio is presently 6.21%.

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).