LRI Investments LLC Invests $322,000 in Jabil Inc. (NYSE:JBL)

LRI Investments LLC bought a new position in shares of Jabil Inc. (NYSE:JBL) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,406 shares of the technology company’s stock, valued at approximately $322,000.

Several other large investors have also made changes to their positions in JBL. Czech National Bank increased its position in shares of 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 purchasing an additional 73 shares in the last quarter. HB Wealth Management LLC increased its position in shares of Jabil by 3.9% during the fourth quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company’s stock worth $278,000 after purchasing an additional 82 shares in the last quarter. Beacon Pointe Advisors LLC increased its position in shares of Jabil by 2.5% during the fourth quarter. Beacon Pointe Advisors LLC now owns 3,377 shares of the technology company’s stock worth $430,000 after purchasing an additional 83 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Jabil by 0.9% during the fourth quarter. Mackenzie Financial Corp now owns 10,258 shares of the technology company’s stock worth $1,307,000 after purchasing an additional 90 shares in the last quarter. Finally, Field & Main Bank increased its position in shares of Jabil by 5.6% during the fourth quarter. Field & Main Bank now owns 1,875 shares of the technology company’s stock worth $239,000 after purchasing an additional 100 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Trading Up 0.0 %

JBL traded up $0.03 during mid-day trading on Friday, hitting $110.38. 1,210,941 shares of the stock were exchanged, compared to its average volume of 1,496,130. The firm’s fifty day moving average is $115.12 and its two-hundred day moving average is $125.50. Jabil Inc. has a 1-year low of $100.18 and a 1-year high of $156.94. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. The company has a market cap of $12.52 billion, a PE ratio of 10.04, a PEG ratio of 1.97 and a beta of 1.27.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.04. The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.53 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. Jabil’s revenue was down 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. Equities analysts forecast that Jabil Inc. will post 7.86 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Thursday, August 15th. Jabil’s dividend payout ratio is currently 2.91%.

Insider Buying and Selling at Jabil

In other Jabil news, SVP May Yee Yap sold 4,274 shares of the 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 owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP May Yee Yap sold 4,274 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Frederic E. Mccoy sold 1,250 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the sale, 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. 2.62% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Jabil 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).