Jabil Inc. (NYSE:JBL) Holdings Lifted by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY lifted its position in shares of Jabil Inc. (NYSE:JBL) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 581,600 shares of the technology company’s stock after buying an additional 5,900 shares during the quarter. Jabil makes up 2.9% of Paradigm Capital Management Inc. NY’s investment portfolio, making the stock its 10th largest position. Paradigm Capital Management Inc. NY owned about 0.51% of Jabil worth $63,272,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JBL. Benjamin Edwards Inc. purchased a new position in Jabil during the first quarter worth about $25,000. HHM Wealth Advisors LLC acquired a new position in shares of Jabil during the 2nd quarter valued at about $28,000. ORG Partners LLC purchased a new position in shares of Jabil during the 1st quarter worth about $29,000. Innealta Capital LLC acquired a new stake in shares of Jabil in the second quarter worth approximately $31,000. Finally, Riverview Trust Co purchased a new stake in Jabil in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Down 0.8 %

Shares of NYSE:JBL opened at $113.01 on Tuesday. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. The company has a 50 day moving average of $107.03 and a two-hundred day moving average of $117.13. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $156.94. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 1.26.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, August 15th. Jabil’s payout ratio is 2.91%.

Insider Buying and Selling

In other Jabil news, SVP May Yee Yap sold 4,274 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were 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 approximately $2,905,986.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil 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 completion of the sale, the executive vice president now owns 112,753 shares in the company, valued at $13,126,704.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP May Yee Yap sold 4,274 shares of the stock in a transaction on Tuesday, July 16th. The shares were 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 in the company, valued at $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on JBL. UBS Group decreased their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. JPMorgan Chase & Co. lowered their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Bank of America reduced their price objective on Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. Barclays dropped their target price on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Finally, Stifel Nicolaus decreased their price objective on shares of Jabil from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, September 17th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $139.88.

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).