Jabil Inc. (NYSE:JBL) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC boosted its holdings in Jabil Inc. (NYSE:JBL) by 4.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,578 shares of the technology company’s stock after purchasing an additional 120 shares during the period. Private Advisor Group LLC’s holdings in Jabil were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. ORG Partners LLC acquired a new stake in shares of Jabil during the 1st quarter valued at approximately $29,000. HHM Wealth Advisors LLC bought a new stake in Jabil during the second quarter valued at $28,000. Innealta Capital LLC acquired a new stake in shares of Jabil during the second quarter worth $31,000. Family Firm Inc. bought a new position in shares of Jabil in the 2nd quarter worth about $37,000. Finally, Matrix Trust Co lifted its position in shares of Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after buying an additional 214 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on JBL shares. Barclays raised their target price on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. JPMorgan Chase & Co. cut their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Bank of America upped their price objective on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Stifel Nicolaus lifted their price target on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Jabil currently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Insider Activity at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the transaction, the director now directly owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the sale, the director now owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the transaction, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,689 shares of company stock valued at $5,377,431. Insiders own 2.62% of the company’s stock.

Jabil Stock Up 7.1 %

JBL stock opened at $137.77 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $156.94. The company has a 50 day moving average of $116.78 and a two-hundred day moving average of $114.55. The company has a market cap of $15.55 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.50 and a beta of 1.24.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business’s revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.34 EPS. On average, equities analysts anticipate that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. Jabil’s dividend payout ratio is currently 2.90%.

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).