Jabil Inc. (NYSE:JBL) Shares Acquired by Signaturefd LLC

Signaturefd LLC increased its stake in Jabil Inc. (NYSE:JBLFree Report) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,761 shares of the technology company’s stock after buying an additional 86 shares during the quarter. Signaturefd LLC’s holdings in Jabil were worth $858,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Fiduciary Alliance LLC acquired a new position in shares of Jabil in the 2nd quarter valued at about $26,000. Bessemer Group Inc. increased its holdings in Jabil by 87.2% in the second quarter. Bessemer Group Inc. now owns 234 shares of the technology company’s stock worth $26,000 after buying an additional 109 shares during the last quarter. Amundi increased its holdings in Jabil by 419.8% in the fourth quarter. Amundi now owns 421 shares of the technology company’s stock worth $32,000 after buying an additional 340 shares during the last quarter. Zions Bancorporation N.A. acquired a new position in Jabil in the first quarter worth approximately $40,000. Finally, ST Germain D J Co. Inc. bought a new stake in Jabil during the second quarter worth approximately $41,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Daryn G. Smith sold 16,700 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $122.54, for a total transaction of $2,046,418.00. Following the transaction, the senior vice president now owns 39,737 shares in the company, valued at $4,869,371.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Jabil news, SVP Daryn G. Smith sold 16,700 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $122.54, for a total value of $2,046,418.00. Following the completion of the sale, the senior vice president now owns 39,737 shares of the company’s stock, valued at $4,869,371.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Roberto Ferri sold 6,183 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $129.97, for a total transaction of $803,604.51. Following the sale, the senior vice president now owns 37,512 shares in the company, valued at approximately $4,875,434.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,058 shares of company stock worth $10,018,913. Corporate insiders own 2.62% of the company’s stock.

Jabil Price Performance

JBL stock traded down $0.97 during midday trading on Friday, reaching $123.22. The company had a trading volume of 927,334 shares, compared to its average volume of 1,504,052. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.12 and a quick ratio of 0.73. Jabil Inc. has a 1 year low of $74.16 and a 1 year high of $141.38. The company has a market capitalization of $15.72 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.22 and a beta of 1.38. The firm has a 50-day moving average price of $125.83 and a 200-day moving average price of $119.79.

Jabil (NYSE:JBLGet Free Report) last issued its quarterly earnings data on Thursday, December 14th. The technology company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.58 by $0.02. Jabil had a net margin of 2.36% and a return on equity of 41.09%. The business had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same period in the prior year, the business earned $1.61 EPS. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. On average, research analysts anticipate that Jabil Inc. will post 8.49 earnings per share for the current fiscal year.

Jabil announced that its board has authorized a share repurchase program on Thursday, September 28th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the technology company to purchase up to 15.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 4th. Shareholders of record on Thursday, February 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. Jabil’s payout ratio is presently 5.46%.

Wall Street Analysts Forecast Growth

JBL has been the topic of a number of recent analyst reports. Barclays reduced their price target on shares of Jabil from $153.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 17th. Stifel Nicolaus upped their target price on Jabil from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Argus upped their target price on Jabil from $125.00 to $145.00 in a report on Friday, September 29th. Raymond James boosted their price target on Jabil from $120.00 to $160.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 11th. Finally, JPMorgan Chase & Co. decreased their target price on Jabil from $150.00 to $146.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Jabil currently has a consensus rating of “Buy” and a consensus price target of $135.88.

Check Out Our Latest Research Report on Jabil

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).

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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