Alhambra Investment Management LLC acquired a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,212 shares of the technology company's stock, valued at approximately $301,000.
A number of other institutional investors and hedge funds have also made changes to their positions in JBL. Mirae Asset Global Investments Co. Ltd. raised its position in Jabil by 52.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,737 shares of the technology company's stock valued at $1,712,000 after purchasing an additional 4,045 shares during the period. Choreo LLC boosted its position in Jabil by 41.8% in the 4th quarter. Choreo LLC now owns 3,205 shares of the technology company's stock valued at $461,000 after buying an additional 945 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of Jabil by 2.2% during the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock valued at $471,000 after acquiring an additional 70 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Jabil by 2.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,621 shares of the technology company's stock worth $1,816,000 after acquiring an additional 286 shares during the last quarter. Finally, Apollon Wealth Management LLC acquired a new position in shares of Jabil in the fourth quarter worth about $272,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Jabil
In related news, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chairman now owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. This trade represents a 1.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total value of $1,699,000.00. Following the completion of the sale, the chief executive officer now directly owns 221,693 shares in the company, valued at $37,665,640.70. This represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $7,665,200 over the last ninety days. Company insiders own 1.73% of the company's stock.
Jabil Stock Performance
Shares of NYSE JBL traded up $0.91 during trading on Thursday, reaching $179.34. The stock had a trading volume of 426,063 shares, compared to its average volume of 1,426,783. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The stock has a market cap of $19.25 billion, a PE ratio of 17.19, a P/E/G ratio of 1.65 and a beta of 1.14. Jabil Inc. has a one year low of $95.85 and a one year high of $180.12. The firm's 50 day moving average price is $153.27 and its two-hundred day moving average price is $150.15.
Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 earnings per share. On average, research analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.
Jabil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were issued a $0.08 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.18%. Jabil's dividend payout ratio is currently 7.66%.
Analyst Ratings Changes
JBL has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. decreased their price target on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Barclays lifted their price target on shares of Jabil from $184.00 to $206.00 and gave the stock an "overweight" rating in a research note on Tuesday. UBS Group increased their price objective on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group raised their price objective on shares of Jabil from $165.00 to $188.00 and gave the stock a "buy" rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $169.17.
View Our Latest Stock Report on JBL
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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