Polianta Ltd purchased a new position in shares of Jabil Inc (NYSE:JBL) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 39,400 shares of the technology company’s stock, valued at approximately $1,034,000.
Other hedge funds also recently added to or reduced their stakes in the company. IHT Wealth Management LLC boosted its position in shares of Jabil by 142.6% during the 2nd quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock worth $159,000 after purchasing an additional 211 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Jabil by 68.2% during the 2nd quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock worth $168,000 after purchasing an additional 2,337 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of 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 purchasing an additional 547 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of Jabil during the 2nd quarter worth about $206,000. Finally, Bridgewater Associates LP bought a new position in shares of Jabil during the 2nd quarter worth about $219,000. 95.83% of the stock is currently owned by institutional investors.
Jabil Inc (NYSE JBL) opened at $27.51 on Wednesday. Jabil Inc has a 1 year low of $22.88 and a 1 year high of $31.70. The firm has a market cap of $4,847.02, a PE ratio of 48.26, a P/E/G ratio of 1.12 and a beta of 0.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.50.
Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, December 14th. The technology company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Jabil had a net margin of 0.54% and a return on equity of 12.95%. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter last year, the firm earned $0.69 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. equities analysts expect that Jabil Inc will post 2.06 earnings per share for the current year.
A number of equities analysts have recently issued reports on JBL shares. Argus raised shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Monday, December 18th. ValuEngine cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 4th. Goldman Sachs Group cut shares of Jabil from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $28.00 to $26.00 in a research report on Tuesday, October 10th. Zacks Investment Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Finally, UBS Group reissued a “buy” rating and set a $35.00 price objective on shares of Jabil in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $32.45.
In other Jabil news, CEO Mark T. Mondello sold 30,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $28.33, for a total value of $849,900.00. Following the completion of the sale, the chief executive officer now owns 1,725,499 shares in the company, valued at approximately $48,883,386.67. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Erich Hoch sold 2,500 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $28.11, for a total transaction of $70,275.00. Following the completion of the sale, the chief executive officer now owns 225,303 shares of the company’s stock, valued at approximately $6,333,267.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 122,835 shares of company stock worth $3,466,728. 2.60% of the stock is owned by insiders.
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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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