Jabil Inc. (NYSE:JBL) Shares Purchased by American Trust

American Trust increased its position in shares of Jabil Inc. (NYSE:JBLGet Rating) by 58.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,044 shares of the technology company’s stock after purchasing an additional 3,709 shares during the period. American Trust’s holdings in Jabil were worth $620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JBL. Prospera Financial Services Inc acquired a new stake in Jabil during the first quarter worth about $32,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Jabil during the first quarter worth about $34,000. Zions Bancorporation N.A. acquired a new stake in Jabil during the first quarter worth about $40,000. First Quadrant LLC CA acquired a new stake in Jabil during the first quarter worth about $41,000. Finally, Financial Management Professionals Inc. increased its position in shares of Jabil by 299.4% during the first quarter. Financial Management Professionals Inc. now owns 663 shares of the technology company’s stock valued at $41,000 after acquiring an additional 497 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JBL has been the subject of a number of recent analyst reports. Credit Suisse Group initiated coverage on shares of Jabil in a research report on Tuesday, August 16th. They set an “outperform” rating and a $74.00 price target for the company. The Goldman Sachs Group dropped their price target on shares of Jabil from $78.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, June 1st. Finally, Citigroup dropped their price target on shares of Jabil from $90.00 to $80.00 in a research report on Friday, June 17th. Four equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $74.67.

Jabil Trading Down 1.1 %

Shares of JBL stock opened at $58.40 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.54 and a current ratio of 1.04. The stock has a market capitalization of $8.03 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 0.71 and a beta of 1.40. The company has a 50 day moving average price of $58.86 and a 200 day moving average price of $58.13. Jabil Inc. has a fifty-two week low of $48.80 and a fifty-two week high of $72.11.

Jabil (NYSE:JBLGet Rating) last announced its quarterly earnings data on Thursday, June 16th. The technology company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. The firm had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $8.21 billion. Jabil had a net margin of 2.69% and a return on equity of 37.88%. During the same quarter in the previous year, the business posted $1.12 earnings per share. Equities research analysts predict that Jabil Inc. will post 6.59 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Monday, August 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.55%. Jabil’s dividend payout ratio is currently 5.50%.

Insider Buying and Selling

In related news, SVP Gerald Creadon sold 3,703 shares of Jabil stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $54.76, for a total value of $202,776.28. Following the completion of the transaction, the senior vice president now owns 46,166 shares in the company, valued at $2,528,050.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Robert L. Katz sold 10,423 shares of Jabil stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $59.29, for a total value of $617,979.67. Following the completion of the transaction, the executive vice president now owns 133,257 shares in the company, valued at $7,900,807.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Gerald Creadon sold 3,703 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $54.76, for a total transaction of $202,776.28. Following the sale, the senior vice president now owns 46,166 shares of the company’s stock, valued at approximately $2,528,050.16. The disclosure for this sale can be found here. Insiders sold 23,603 shares of company stock worth $1,341,991 over the last 90 days. 2.59% of the stock is owned by insiders.

Jabil Company Profile

(Get Rating)

Jabil Inc provides manufacturing services and solutions worldwide. The company operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic 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).

See Also

Institutional Ownership by Quarter for Jabil (NYSE:JBL)

Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.