SG Americas Securities LLC trimmed its position in Jabil Inc (NYSE:JBL) by 54.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,404 shares of the technology company’s stock after selling 27,472 shares during the quarter. SG Americas Securities LLC’s holdings in Jabil were worth $668,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of JBL. IHT Wealth Management LLC raised its stake in shares of Jabil by 142.6% in the 2nd quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock valued at $159,000 after acquiring an additional 211 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Jabil by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock worth $177,000 after buying an additional 547 shares during the period. Colonial Trust Advisors increased its stake in Jabil by 4.1% during the 2nd quarter. Colonial Trust Advisors now owns 15,400 shares of the technology company’s stock worth $450,000 after buying an additional 600 shares during the period. Ameritas Investment Partners Inc. increased its stake in Jabil by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 54,550 shares of the technology company’s stock worth $1,592,000 after buying an additional 831 shares during the period. Finally, Pegasus Partners Ltd. increased its stake in Jabil by 2.6% during the 2nd quarter. Pegasus Partners Ltd. now owns 33,571 shares of the technology company’s stock worth $980,000 after buying an additional 852 shares during the period. Institutional investors own 95.10% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $37.00 target price on shares of Jabil in a research note on Friday, September 1st. ValuEngine raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th. Goldman Sachs Group downgraded shares of Jabil from a “neutral” rating to a “sell” rating and cut their target price for the stock from $28.00 to $26.00 in a research note on Tuesday, October 10th. Bank of America downgraded shares of Jabil from a “buy” rating to a “neutral” rating in a research note on Monday, September 25th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.50.
Shares of Jabil Inc (NYSE JBL) traded up $0.16 during trading on Friday, hitting $27.72. 2,684,900 shares of the stock traded hands, compared to its average volume of 1,898,428. Jabil Inc has a fifty-two week low of $21.25 and a fifty-two week high of $31.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.54 and a current ratio of 0.96. The firm has a market cap of $4,868.28, a PE ratio of 14.82, a price-to-earnings-growth ratio of 1.03 and a beta of 0.55.
Jabil (NYSE:JBL) last issued its earnings results on Wednesday, September 27th. The technology company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. Jabil had a net margin of 0.68% and a return on equity of 14.47%. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the prior year, the business posted $0.28 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. analysts expect that Jabil Inc will post 2.22 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Tuesday, November 14th. Jabil’s payout ratio is 46.38%.
In related news, COO William D. Muir, Jr. sold 26,420 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $28.00, for a total transaction of $739,760.00. Following the completion of the sale, the chief operating officer now owns 341,840 shares in the company, valued at approximately $9,571,520. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Erich Hoch sold 2,500 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $28.49, for a total transaction of $71,225.00. Following the sale, the chief executive officer now owns 206,943 shares of the company’s stock, valued at approximately $5,895,806.07. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,680 shares of company stock valued at $4,204,246. Company insiders own 2.90% of the company’s stock.
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Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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