Yeomans Consulting Group Inc. Acquires New Holdings in Jabil, Inc. $JBL

Yeomans Consulting Group Inc. acquired a new position in shares of Jabil, Inc. (NYSE:JBL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,460 shares of the technology company’s stock, valued at approximately $316,000.

A number of other large investors also recently modified their holdings of JBL. Wellington Management Group LLP increased its stake in Jabil by 12.9% during the first quarter. Wellington Management Group LLP now owns 6,556,153 shares of the technology company’s stock valued at $892,096,000 after acquiring an additional 747,423 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Jabil by 15.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,173,095 shares of the technology company’s stock worth $295,693,000 after purchasing an additional 295,496 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Jabil by 8.3% during the first quarter. Northern Trust Corp now owns 1,384,364 shares of the technology company’s stock worth $188,370,000 after buying an additional 105,632 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Jabil by 119.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company’s stock valued at $165,417,000 after purchasing an additional 662,938 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Jabil by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,118,282 shares of the technology company’s stock worth $152,165,000 after buying an additional 37,201 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Bank of America boosted their price objective on Jabil from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Argus upgraded Jabil from a “hold” rating to a “buy” rating in a report on Wednesday, June 18th. Raymond James Financial set a $260.00 target price on Jabil in a report on Thursday, September 25th. Barclays increased their target price on shares of Jabil from $223.00 to $267.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Finally, UBS Group set a $241.00 price target on Jabil in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.43.

Insider Buying and Selling at Jabil

In other Jabil news, Director Steven A. Raymund sold 13,432 shares of Jabil stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $223.11, for a total value of $2,996,813.52. Following the completion of the sale, the director owned 86,396 shares in the company, valued at $19,275,811.56. The trade was a 13.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew Priestley sold 3,782 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $225.00, for a total transaction of $850,950.00. Following the transaction, the executive vice president owned 48,535 shares in the company, valued at approximately $10,920,375. The trade was a 7.23% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,416 shares of company stock valued at $14,071,089. 1.73% of the stock is currently owned by insiders.

Jabil Stock Performance

NYSE:JBL opened at $215.89 on Friday. The stock has a 50 day simple moving average of $216.00 and a 200 day simple moving average of $186.36. The stock has a market cap of $23.17 billion, a P/E ratio of 36.22, a PEG ratio of 1.53 and a beta of 1.26. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $237.14. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 1.57.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, August 15th. Jabil’s payout ratio is presently 5.37%.

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).