PFG Investments LLC Invests $204,000 in Jabil Inc. (NYSE:JBL)

PFG Investments LLC acquired a new stake in Jabil Inc. (NYSE:JBL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,314 shares of the technology company's stock, valued at approximately $204,000.

Several other large investors also recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in shares of Jabil by 0.3% in the 4th quarter. LPL Financial LLC now owns 42,365 shares of the technology company's stock valued at $2,889,000 after buying an additional 130 shares during the last quarter. AdvisorShares Investments LLC boosted its holdings in shares of Jabil by 25.1% in the 1st quarter. AdvisorShares Investments LLC now owns 688 shares of the technology company's stock valued at $61,000 after buying an additional 138 shares during the last quarter. Cetera Advisors LLC boosted its holdings in shares of Jabil by 3.3% in the 4th quarter. Cetera Advisors LLC now owns 4,692 shares of the technology company's stock valued at $320,000 after buying an additional 150 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of Jabil by 4.5% in the 1st quarter. AE Wealth Management LLC now owns 3,569 shares of the technology company's stock valued at $315,000 after buying an additional 153 shares during the last quarter. Finally, Capital Analysts LLC boosted its holdings in shares of Jabil by 21.2% in the 1st quarter. Capital Analysts LLC now owns 914 shares of the technology company's stock valued at $81,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company's stock.

In related news, Director Anousheh Ansari sold 3,000 shares of the firm's stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $108.61, for a total value of $325,830.00. Following the transaction, the director now owns 38,000 shares in the company, valued at $4,127,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.75% of the stock is owned by company insiders.

JBL opened at $115.40 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 1.06. Jabil Inc. has a fifty-two week low of $55.26 and a fifty-two week high of $115.42. The company has a market capitalization of $15.10 billion, a P/E ratio of 16.25, a P/E/G ratio of 1.18 and a beta of 1.47. The stock has a fifty day moving average of $108.17 and a 200-day moving average of $93.13.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results on Thursday, June 15th. The technology company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $0.12. Jabil had a return on equity of 39.61% and a net margin of 2.77%. The company had revenue of $8.48 billion for the quarter, compared to analysts' expectations of $8.20 billion. During the same quarter last year, the business earned $1.52 earnings per share. Jabil's revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that Jabil Inc. will post 7.94 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Monday, August 14th. Jabil's payout ratio is currently 4.51%.

JBL has been the subject of several research reports. Credit Suisse Group raised their price target on Jabil from $110.00 to $125.00 in a report on Friday, June 16th. VNET Group reaffirmed a "maintains" rating on shares of Jabil in a report on Friday, June 16th. Stifel Nicolaus raised their price target on Jabil from $90.00 to $105.00 in a report on Monday, June 12th. JPMorgan Chase & Co. initiated coverage on Jabil in a report on Wednesday, July 5th. They set an "overweight" rating and a $110.00 price target for the company. Finally, StockNews.com started coverage on Jabil in a report on Friday, August 18th. They set a "hold" rating for the company. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Jabil currently has an average rating of "Moderate Buy" and an average price target of $99.88.

View Our Latest Research Report on JBL

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).

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