Checchi Capital Advisers LLC Buys New Position in Jabil, Inc. $JBL

Checchi Capital Advisers LLC bought a new stake in shares of Jabil, Inc. (NYSE:JBL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 975 shares of the technology company’s stock, valued at approximately $213,000.

A number of other hedge funds have also bought and sold shares of JBL. Creative Financial Designs Inc. ADV bought a new stake in Jabil during the first quarter worth $27,000. Harbor Capital Advisors Inc. lifted its holdings in Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock worth $30,000 after acquiring an additional 116 shares during the period. Groupe la Francaise lifted its holdings in Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after acquiring an additional 64 shares during the period. Golden State Wealth Management LLC lifted its holdings in Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company’s stock worth $37,000 after acquiring an additional 264 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in Jabil during the first quarter worth $52,000. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Performance

Shares of JBL opened at $202.64 on Wednesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.00 and a quick ratio of 0.66. Jabil, Inc. has a 1 year low of $108.66 and a 1 year high of $237.14. The firm has a market cap of $21.75 billion, a PE ratio of 34.00, a PEG ratio of 1.44 and a beta of 1.26. The stock’s fifty day moving average price is $214.59 and its two-hundred day moving average price is $187.96.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, August 15th. Jabil’s payout ratio is presently 5.37%.

Insider Buying and Selling

In related news, EVP Andrew Priestley sold 3,702 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $225.00, for a total transaction of $832,950.00. Following the sale, the executive vice president directly owned 44,833 shares in the company, valued at approximately $10,087,425. The trade was a 7.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Raymund sold 13,432 shares of the business’s stock in a transaction on 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 sale, the director owned 86,396 shares in the company, valued at approximately $19,275,811.56. The trade was a 13.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,416 shares of company stock valued at $18,367,889. 1.73% of the stock is owned by company insiders.

Analyst Ratings Changes

JBL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Jabil from $214.00 to $256.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Stifel Nicolaus assumed coverage on Jabil in a report on Wednesday, July 2nd. They set a “buy” rating and a $245.00 price target on the stock. Bank of America boosted their target price on Jabil from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Jabil in a research note on Saturday, September 27th. Finally, Argus upgraded Jabil from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and an average target price of $248.43.

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).