Tower Research Capital LLC TRC Has $2.99 Million Stake in Jabil Inc. (NYSE:JBL)

Tower Research Capital LLC TRC grew its holdings in shares of Jabil Inc. (NYSE:JBLFree Report) by 227.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,456 shares of the technology company’s stock after acquiring an additional 16,296 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Jabil were worth $2,988,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Jabil during the fourth quarter worth about $192,964,000. FMR LLC grew its holdings in shares of Jabil by 15.9% during the third quarter. FMR LLC now owns 10,525,084 shares of the technology company’s stock worth $1,335,528,000 after purchasing an additional 1,440,857 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Jabil during the third quarter worth about $57,818,000. Artisan Partners Limited Partnership grew its holdings in shares of Jabil by 36.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock worth $170,660,000 after purchasing an additional 359,818 shares during the last quarter. Finally, Ceredex Value Advisors LLC grew its holdings in shares of Jabil by 72,212.5% during the fourth quarter. Ceredex Value Advisors LLC now owns 289,250 shares of the technology company’s stock worth $36,850,000 after purchasing an additional 288,850 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Price Performance

Shares of JBL opened at $113.88 on Friday. Jabil Inc. has a 52-week low of $93.40 and a 52-week high of $156.94. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. The business’s 50 day moving average price is $122.56 and its two-hundred day moving average price is $128.31. The firm has a market cap of $13.73 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 1.41 and a beta of 1.35.

Jabil (NYSE:JBLGet Free Report) last issued its earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). Jabil had a return on equity of 39.47% and a net margin of 4.70%. The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.91 billion. On average, equities analysts anticipate that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Tuesday, May 14th. Jabil’s payout ratio is currently 2.75%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JBL. Barclays reduced their price target on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, March 18th. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. The Goldman Sachs Group upped their target price on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Argus cut Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Jabil has a consensus rating of “Buy” and a consensus price target of $144.50.

Check Out Our Latest Stock Report on Jabil

Insider Activity at Jabil

In related news, SVP May Yee Yap sold 7,877 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the sale, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Jabil news, EVP Gerald Creadon sold 3,000 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total value of $406,860.00. Following the completion of the transaction, the executive vice president now owns 65,434 shares in the company, valued at approximately $8,874,159.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP May Yee Yap sold 7,877 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the transaction, the senior vice president now owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The disclosure for this sale can be found here. In the last three months, insiders sold 75,877 shares of company stock valued at $9,824,383. 2.62% of the stock is owned by insiders.

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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