National Bank of Canada FI Has $7.31 Million Stock Position in Jabil, Inc. (NYSE:JBL)

National Bank of Canada FI raised its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 45.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,731 shares of the technology company's stock after acquiring an additional 16,702 shares during the quarter. National Bank of Canada FI owned approximately 0.05% of Jabil worth $7,311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of JBL. Raymond James Financial Inc. acquired a new stake in Jabil in the fourth quarter valued at approximately $43,312,000. Townsquare Capital LLC grew its position in Jabil by 4.1% in the fourth quarter. Townsquare Capital LLC now owns 5,204 shares of the technology company's stock worth $749,000 after acquiring an additional 207 shares in the last quarter. Mariner LLC grew its position in Jabil by 15.8% in the fourth quarter. Mariner LLC now owns 17,084 shares of the technology company's stock worth $2,458,000 after acquiring an additional 2,327 shares in the last quarter. CreativeOne Wealth LLC grew its position in Jabil by 26.2% in the fourth quarter. CreativeOne Wealth LLC now owns 5,007 shares of the technology company's stock worth $721,000 after acquiring an additional 1,038 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in Jabil in the fourth quarter worth approximately $340,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insider Activity

In other Jabil news, EVP Andrew Priestley sold 13,913 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the completion of the transaction, the executive vice president directly owned 53,528 shares in the company, valued at $10,875,283.76. This represents a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven D. Borges sold 22,443 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $200.01, for a total value of $4,488,824.43. Following the transaction, the executive vice president owned 102,803 shares of the company's stock, valued at $20,561,628.03. This represents a 17.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 332,847 shares of company stock valued at $66,534,847. 1.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JBL. Barclays upped their target price on Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Bank of America raised their target price on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, June 20th. Stifel Nicolaus assumed coverage on Jabil in a report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 target price on the stock. The Goldman Sachs Group increased their price objective on Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Finally, UBS Group increased their price objective on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Jabil has a consensus rating of "Buy" and a consensus target price of $231.71.

Jabil Stock Performance

JBL stock traded down $2.09 during midday trading on Friday, hitting $215.31. The stock had a trading volume of 1,272,574 shares, compared to its average volume of 1,272,822. The firm has a market capitalization of $23.11 billion, a price-to-earnings ratio of 41.81, a P/E/G ratio of 1.52 and a beta of 1.20. Jabil, Inc. has a 52 week low of $99.67 and a 52 week high of $232.84. The stock has a 50-day simple moving average of $214.36 and a 200 day simple moving average of $172.81. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.28 by $0.27. The firm had revenue of $7.83 billion during the quarter, compared to analysts' expectations of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%. Jabil's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the business earned $1.89 earnings per share. As a group, equities research analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.08 per share. This represents a yield of 14.0%. The ex-dividend date is Friday, August 15th. Jabil's dividend payout ratio is currently 6.21%.

About Jabil

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).