Delphi Management Inc. MA Has $1.37 Million Stock Holdings in Jabil Inc. (NYSE:JBL)

Delphi Management Inc. MA raised its holdings in shares of Jabil Inc. (NYSE:JBL) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,586 shares of the technology company’s stock after purchasing an additional 449 shares during the quarter. Delphi Management Inc. MA’s holdings in Jabil were worth $1,369,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in JBL. Vanguard Group Inc. increased its position in Jabil by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock worth $1,919,948,000 after buying an additional 1,427,429 shares during the period. Point72 Asset Management L.P. bought a new position in Jabil during the 2nd quarter worth $78,660,000. AQR Capital Management LLC increased its position in Jabil by 195.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock worth $115,404,000 after buying an additional 702,199 shares during the period. Bank of New York Mellon Corp increased its position in Jabil by 29.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock worth $150,463,000 after buying an additional 310,590 shares during the period. Finally, Westfield Capital Management Co. LP bought a new position in Jabil during the 1st quarter worth $39,040,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Performance

Jabil stock opened at $119.83 on Tuesday. Jabil Inc. has a 12-month low of $95.85 and a 12-month 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. The business’s 50-day moving average price is $107.55 and its two-hundred day moving average price is $116.07. The stock has a market cap of $13.59 billion, a PE ratio of 10.90, a P/E/G ratio of 2.23 and a beta of 1.25.

Jabil (NYSE:JBL) last released its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.59 billion. During the same quarter in the previous year, the business posted $2.34 earnings per share. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. As a group, analysts expect that Jabil Inc. will post 7.85 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, 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 0.27%. The ex-dividend date was Thursday, August 15th. Jabil’s payout ratio is 2.91%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JBL. Stifel Nicolaus increased their price objective on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. decreased their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Bank of America raised their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. Barclays raised their price target on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, UBS Group decreased their price target on Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.86.

Insider Activity

In other news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil 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 sale, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil 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 sale, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP May Yee Yap sold 4,274 shares of Jabil 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 sale, the senior vice president now directly owns 24,829 shares in the company, valued at $2,905,986.16. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

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).