Choreo LLC Has $284,000 Stake in Jabil, Inc. (NYSE:JBL)

Choreo LLC trimmed its position in shares of Jabil, Inc. (NYSE:JBL) by 34.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,087 shares of the technology company’s stock after selling 1,118 shares during the quarter. Choreo LLC’s holdings in Jabil were worth $284,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV purchased a new stake in Jabil in the 1st quarter valued at $27,000. Harbor Capital Advisors Inc. raised its position in Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock valued at $30,000 after buying an additional 116 shares during the last quarter. Golden State Wealth Management LLC raised its position in Jabil by 2,400.0% in the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company’s stock valued at $37,000 after buying an additional 264 shares during the last quarter. True Wealth Design LLC raised its position in Jabil by 3,411.1% in the 4th quarter. True Wealth Design LLC now owns 316 shares of the technology company’s stock valued at $45,000 after buying an additional 307 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in Jabil in the 1st quarter valued at $52,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jabil

In other Jabil news, 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 value of $1,005,975.00. Following the sale, the executive vice president directly owned 124,203 shares of the company’s stock, valued at approximately $27,765,580.65. The trade was a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew Priestley sold 3,702 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $225.00, for a total value of $832,950.00. Following the completion of the sale, the executive vice president directly owned 44,833 shares in the company, valued at $10,087,425. This trade represents a 7.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 322,847 shares of company stock valued at $63,849,847 over the last ninety days. Insiders own 1.73% of the company’s stock.

Jabil Stock Performance

NYSE:JBL opened at $230.60 on Wednesday. The business’s 50-day moving average price is $200.70 and its two-hundred day moving average price is $167.60. Jabil, Inc. has a twelve month low of $95.85 and a twelve month high of $232.84. The stock has a market cap of $24.75 billion, a P/E ratio of 44.78, a PEG ratio of 1.57 and a beta of 1.20. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.27. The company had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%. Jabil’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the firm posted $1.89 EPS. As a group, equities analysts predict that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays boosted their target price on Jabil from $206.00 to $223.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 17th. JPMorgan Chase & Co. boosted their target price on Jabil from $214.00 to $256.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Argus raised Jabil from a “hold” rating to a “buy” rating in a research report on Wednesday, June 18th. Bank of America raised 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. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $230.00 target price (up from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $231.71.

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).