Delphi Management Inc. MA Has $1.37 Million Stock Position in Jabil Inc. (NYSE:JBL)

Delphi Management Inc. MA increased its stake in Jabil Inc. (NYSE:JBL) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,586 shares of the technology company’s stock after acquiring an additional 449 shares during the quarter. Delphi Management Inc. MA’s holdings in Jabil were worth $1,369,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Czech National Bank lifted its stake in Jabil by 0.3% in the first quarter. Czech National Bank now owns 22,439 shares of the technology company’s stock valued at $3,006,000 after buying an additional 73 shares during the period. GAMMA Investing LLC lifted its stake in Jabil by 15.3% in the second quarter. GAMMA Investing LLC now owns 797 shares of the technology company’s stock valued at $87,000 after buying an additional 106 shares during the period. M&R Capital Management Inc. lifted its stake in Jabil by 8.4% in the second quarter. M&R Capital Management Inc. now owns 1,380 shares of the technology company’s stock valued at $150,000 after buying an additional 107 shares during the period. Gulf International Bank UK Ltd lifted its stake in Jabil by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 10,743 shares of the technology company’s stock valued at $1,439,000 after buying an additional 110 shares during the period. Finally, Kathmere Capital Management LLC lifted its stake in Jabil by 2.7% in the second quarter. Kathmere Capital Management LLC now owns 4,342 shares of the technology company’s stock valued at $472,000 after buying an additional 114 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JBL. Bank of America boosted their price target on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday. UBS Group decreased their price objective on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, June 21st. JPMorgan Chase & Co. decreased their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Barclays boosted their price objective on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a report on Friday. Finally, Stifel Nicolaus boosted their price objective on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday. 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, Jabil currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.86.

Jabil Trading Down 2.1 %

Shares of Jabil stock opened at $119.83 on Tuesday. The stock has a fifty day simple moving average of $107.55 and a 200 day simple moving average of $116.07. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $156.94. The company has a market capitalization of $13.59 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.08. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. Jabil’s revenue was down 17.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Jabil Inc. will post 7.85 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were given a $0.08 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.27%. Jabil’s dividend payout ratio is currently 2.91%.

Insiders Place Their Bets

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

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).