Caxton Associates LP Purchases New Position in Jabil Inc. (NYSE:JBL)

Caxton Associates LP acquired a new stake in Jabil Inc. (NYSE:JBL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,606 shares of the technology company's stock, valued at approximately $807,000.

Other large investors have also recently modified their holdings of the company. Meyer Handelman Co. bought a new stake in shares of Jabil in the 4th quarter worth about $7,334,000. Davis Investment Partners LLC purchased a new position in shares of Jabil during the fourth quarter valued at approximately $1,433,000. Truist Financial Corp lifted its stake in shares of Jabil by 50.4% during the 4th quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock worth $1,732,000 after acquiring an additional 4,034 shares during the last quarter. Merit Financial Group LLC purchased a new position in Jabil during the 4th quarter valued at $235,000. Finally, Keybank National Association OH bought a new position in Jabil in the 4th quarter valued at $214,000. Institutional investors own 93.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JBL. JPMorgan Chase & Co. lowered their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. UBS Group raised their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Barclays boosted their price target on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. StockNews.com lowered Jabil from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Finally, The Goldman Sachs Group dropped their price target on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Jabil presently has an average rating of "Moderate Buy" and a consensus target price of $158.50.

Jabil Trading Up 0.2 %

JBL opened at $150.51 on Wednesday. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The stock has a fifty day moving average price of $138.14 and a 200-day moving average price of $143.27. The firm has a market cap of $16.16 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 1.65 and a beta of 1.11. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the previous year, the company posted $1.68 earnings per share. The firm's revenue was down .6% on a year-over-year basis. As a group, equities research analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. Jabil's dividend payout ratio is presently 7.66%.

Insider Activity

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the sale, the chairman now directly owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.73% 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).

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