--- title: "Deltec Asset Management LLC Invests $938,000 in Jabil Inc. (NYSE:JBL)" description: "Deltec Asset Management LLC has acquired a new stake in Jabil Inc., a technology company, during the first quarter. The institutional investor acquired 7,000 shares valued at approximately $938,000. O" type: "news" locale: "en" url: "https://longbridge.com/en/news/207616692.md" published_at: "2024-07-01T00:18:05.000Z" --- # Deltec Asset Management LLC Invests $938,000 in Jabil Inc. (NYSE:JBL) > Deltec Asset Management LLC has acquired a new stake in Jabil Inc., a technology company, during the first quarter. The institutional investor acquired 7,000 shares valued at approximately $938,000. Other hedge funds have also made changes to their stakes in Jabil. The stock has received various ratings from analysts. Insiders have sold shares in the company in the last 90 days. The stock price of Jabil Inc. has traded up during recent trading hours. Deltec Asset Management LLC acquired a new stake in Jabil Inc. (NYSE:JBL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,000 shares of the technology company's stock, valued at approximately $938,000. - Jabil Stock Implodes: Market Manufactures Entry for New Money Several other hedge funds also recently added to or reduced their stakes in JBL. Wells Fargo & Company MN grew its holdings in shares of Jabil by 13.0% during the 4th quarter. Wells Fargo & Company MN now owns 154,314 shares of the technology company's stock worth $19,660,000 after purchasing an additional 17,766 shares during the period. Artisan Partners Limited Partnership boosted its stake in Jabil by 36.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company's stock worth $170,660,000 after buying an additional 359,818 shares during the period. Lecap Asset Management Ltd. acquired a new stake in shares of Jabil during the fourth quarter valued at about $1,146,000. Hsbc Holdings PLC raised its stake in shares of Jabil by 197.9% in the 4th quarter. Hsbc Holdings PLC now owns 88,436 shares of the technology company's stock valued at $11,268,000 after acquiring an additional 58,752 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of Jabil in the 4th quarter worth approximately $3,733,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors. ## Wall Street Analyst Weigh In JBL has been the subject of several research reports. 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 report on Friday, June 21st. UBS Group decreased their target price on Jabil from $130.00 to $120.00 and set a "neutral" rating on the stock in a research note on Friday, June 21st. Argus downgraded Jabil from a "buy" rating to a "hold" rating in a research report on Tuesday, March 19th. The Goldman Sachs Group increased their price target on shares of Jabil from $141.00 to $161.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. Finally, Bank of America dropped their price objective on shares of Jabil from $150.00 to $135.00 and set a "buy" rating for the company in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $142.63. - This mid-cap tech stock just jumped 30%...and is still cheap **Read Our Latest Analysis on JBL** ## Insider Activity In other news, SVP May Yee Yap sold 7,877 shares of the business's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares in the company, valued at approximately $4,050,687.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Kenneth S. Wilson sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the transaction, the chief executive officer now owns 339,725 shares in the company, valued at approximately $45,591,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP May Yee Yap sold 7,877 shares of the business's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares of the company's stock, valued at approximately $4,050,687.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,877 shares of company stock worth $3,519,883. 2.62% of the stock is currently owned by insiders. ## Jabil Stock Up 0.8 % - Jabil, Inc. manufactures value for shareholders Shares of JBL stock traded up $0.87 during trading hours on Friday, reaching $108.79. 5,682,574 shares of the stock were exchanged, compared to its average volume of 1,788,014. Jabil Inc. has a 12-month low of $100.18 and a 12-month high of $156.94. The business's fifty day moving average is $117.43 and its two-hundred day moving average is $127.81. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. The firm has a market capitalization of $13.12 billion, a P/E ratio of 9.90, a P/E/G ratio of 1.94 and a beta of 1.35. Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.04. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.53 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The company's revenue was down 20.2% on a year-over-year basis. During the same period last year, the business earned $1.85 EPS. As a group, research analysts expect that Jabil Inc. will post 7.86 EPS for the current fiscal year. ## Jabil Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. Jabil's dividend payout ratio is currently 2.91%. ## About Jabil (Free Report) 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). ## Featured Stories - Five stocks we like better than Jabil - Low PE Growth Stocks: Unlocking Investment Opportunities - Upwork Stock’s Outlook: Numbers Solid Despite Gen-AI Challenges - Investing in Construction Stocks - What's Behind Walgreens Stock Plunge: What Investors Can Do Next - What is the Dow Jones Industrial Average (DJIA)? - MarketBeat Week in Review – 6/24 - 6/28 **Want to see what other hedge funds are holding JBL?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil Inc. (NYSE:JBL - Free Report). *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → I spent 44 years on Wall Street. If you knew what I know, you’d be terrified too. (From InvestorPlace) (Ad)## Should you invest $1,000 in Jabil right now? Before you consider Jabil, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jabil wasn't on the list. While Jabil currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. 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