WINTON GROUP Ltd purchased a new stake in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 29,258 shares of the technology company’s stock, valued at approximately $11,278,000.
A number of other large investors have also added to or reduced their stakes in the company. Engineers Gate Manager LP grew its holdings in shares of Jabil by 162.0% in the second quarter. Engineers Gate Manager LP now owns 122,011 shares of the technology company’s stock valued at $47,033,000 after purchasing an additional 75,436 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Jabil by 19.6% during the second quarter. Integrated Wealth Concepts LLC now owns 2,416 shares of the technology company’s stock valued at $931,000 after purchasing an additional 396 shares during the last quarter. RFG Advisory LLC lifted its position in Jabil by 55.1% during the second quarter. RFG Advisory LLC now owns 2,348 shares of the technology company’s stock valued at $905,000 after purchasing an additional 834 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Jabil by 17.7% in the 2nd quarter. NewEdge Advisors LLC now owns 5,344 shares of the technology company’s stock worth $2,060,000 after buying an additional 802 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of Jabil by 2.3% in the 2nd quarter. Baird Financial Group Inc. now owns 53,249 shares of the technology company’s stock worth $20,526,000 after buying an additional 1,182 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.
Jabil Stock Performance
Shares of Jabil stock opened at $311.25 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 2.17. The stock’s fifty day moving average price is $322.83 and its 200-day moving average price is $320.72. The firm has a market cap of $32.62 billion, a P/E ratio of 38.86, a P/E/G ratio of 0.70 and a beta of 1.29. Jabil, Inc. has a 12 month low of $189.60 and a 12 month high of $428.93.
Jabil Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Friday, August 14th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, August 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is currently 4.00%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. The Goldman Sachs Group lowered their price target on shares of Jabil from $482.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday. Raymond James Financial lifted their target price on Jabil from $425.00 to $450.00 and gave the stock a “strong-buy” rating in a report on Thursday, June 18th. Zacks Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Robert W. Baird lifted their price objective on shares of Jabil from $355.00 to $440.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Finally, Barclays boosted their price objective on shares of Jabil from $304.00 to $426.00 and gave the company an “overweight” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $441.78.
Check Out Our Latest Stock Report on JBL
Insider Activity
In related news, EVP Matthew Crowley sold 94 shares of Jabil stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $345.00, for a total transaction of $32,430.00. Following the transaction, the executive vice president directly owned 57,536 shares of the company’s stock, valued at $19,849,920. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.35% of the company’s stock.
Jabil Company Profile
Jabil Inc is a global manufacturing and technology solutions provider that helps companies design, manufacture and manage products across their lifecycles. Its services include product and process engineering, supply-chain management, procurement, manufacturing, assembly, testing, packaging and aftermarket services.
The company supports customers in a range of industries, including cloud and data infrastructure, automotive, healthcare, connected devices, consumer products, energy and industrial applications.
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