Sara Bay Financial Purchases 2,210 Shares of Jabil Inc. (NYSE:JBL)

Sara Bay Financial grew its position in Jabil Inc. (NYSE:JBL) by 20.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,195 shares of the technology company’s stock after purchasing an additional 2,210 shares during the quarter. Jabil makes up approximately 0.6% of Sara Bay Financial’s portfolio, making the stock its 19th largest holding. Sara Bay Financial’s holdings in Jabil were worth $1,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of JBL. Benjamin Edwards Inc. bought a new position in shares of Jabil in the first quarter valued at approximately $25,000. Activest Wealth Management bought a new position in shares of Jabil in the first quarter valued at approximately $28,000. Alaska Permanent Fund Corp bought a new position in Jabil during the fourth quarter worth $29,000. ORG Partners LLC bought a new position in Jabil during the first quarter worth $29,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Jabil during the fourth quarter worth $32,000. Institutional investors own 93.39% of the company’s stock.

Analysts Set New Price Targets

JBL has been the topic of a number of research reports. Bank of America dropped their target price on shares of Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. UBS Group dropped their target price on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. JPMorgan Chase & Co. decreased their price target on shares of Jabil from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Monday, June 17th. Finally, Barclays decreased their price target on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $142.63.

Insider Activity at Jabil

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

Jabil Price Performance

Shares of NYSE:JBL traded up $1.11 on Monday, hitting $107.46. The stock had a trading volume of 705,572 shares, compared to its average volume of 1,461,385. Jabil Inc. has a twelve month low of $95.85 and a twelve month 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 firm’s 50 day moving average price is $110.91 and its 200-day moving average price is $123.10. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 1.95 and a beta of 1.27.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, June 20th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.85 by $0.04. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.53 billion. During the same quarter in the previous year, the company earned $1.85 EPS. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. On average, equities research analysts predict that Jabil Inc. will post 7.86 earnings per share for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.30%. Jabil’s dividend payout ratio is presently 2.91%.

Jabil Company 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).