Pacer Advisors Inc. Buys 2,711 Shares of Jabil Inc. (NYSE:JBL)

Pacer Advisors Inc. lifted its stake in shares of Jabil Inc. (NYSE:JBL) by 17.9% during the second quarter, HoldingsChannel.com reports. The fund owned 17,863 shares of the technology company’s stock after buying an additional 2,711 shares during the quarter. Pacer Advisors Inc.’s holdings in Jabil were worth $1,943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JBL. Czech National Bank lifted its holdings in Jabil by 0.3% during the first quarter. Czech National Bank now owns 22,439 shares of the technology company’s stock worth $3,006,000 after buying an additional 73 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Jabil by 15.3% in the 2nd quarter. GAMMA Investing LLC now owns 797 shares of the technology company’s stock valued at $87,000 after buying an additional 106 shares in the last quarter. M&R Capital Management Inc. grew its position in shares of Jabil by 8.4% in the 2nd quarter. M&R Capital Management Inc. now owns 1,380 shares of the technology company’s stock worth $150,000 after buying an additional 107 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Jabil by 1.0% during the 1st quarter. Gulf International Bank UK Ltd now owns 10,743 shares of the technology company’s stock worth $1,439,000 after acquiring an additional 110 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its position in Jabil by 2.7% during the second quarter. Kathmere Capital Management LLC now owns 4,342 shares of the technology company’s stock valued at $472,000 after acquiring an additional 114 shares during the last quarter. 93.39% of the stock is owned by institutional investors.

Jabil Trading Up 0.5 %

JBL opened at $113.43 on Thursday. The stock has a market capitalization of $12.87 billion, a PE ratio of 10.32, a P/E/G ratio of 2.23 and a beta of 1.25. Jabil Inc. has a one year low of $95.85 and a one year high of $156.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. The business’s 50 day moving average price is $106.90 and its 200 day moving average price is $116.83.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Thursday, August 15th. Jabil’s payout ratio is 2.91%.

Wall Street Analyst Weigh In

JBL has been the subject of several research analyst reports. Stifel Nicolaus reduced their price objective on Jabil from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, September 17th. JPMorgan Chase & Co. cut their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. UBS Group lowered their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. Barclays decreased their price objective on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Finally, Bank of America dropped their price objective on shares of Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, June 21st. 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $139.88.

Insider Activity at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the transaction, the executive vice president now directly owns 112,753 shares in the company, valued at $13,126,704.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the sale, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is owned by insiders.

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).