Metropolitan Life Insurance Co NY Decreases Stock Position in Jabil Inc (NYSE:JBL)

Metropolitan Life Insurance Co NY cut its position in Jabil Inc (NYSE:JBL) by 2.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,494 shares of the technology company’s stock after selling 1,020 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Jabil were worth $1,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. JOYN Advisors Inc. lifted its stake in shares of Jabil by 2,157.4% during the 4th quarter. JOYN Advisors Inc. now owns 1,061 shares of the technology company’s stock worth $26,000 after buying an additional 1,014 shares during the last quarter. Doyle Wealth Management bought a new stake in Jabil during the 4th quarter worth approximately $73,000. Squar Milner Financial Services LLC bought a new stake in Jabil during the 1st quarter worth approximately $118,000. Advisor Group Inc. grew its holdings in Jabil by 16.9% during the 4th quarter. Advisor Group Inc. now owns 7,998 shares of the technology company’s stock worth $198,000 after acquiring an additional 1,154 shares during the last quarter. Finally, Stephens Inc. AR bought a new stake in Jabil during the 1st quarter worth approximately $202,000. Institutional investors own 89.42% of the company’s stock.

In other Jabil news, Director Martha Brooks sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $30.22, for a total transaction of $302,200.00. Following the completion of the transaction, the director now owns 92,400 shares of the company’s stock, valued at $2,792,328. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alessandro Parimbelli sold 3,500 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $30.78, for a total value of $107,730.00. Following the transaction, the chief executive officer now directly owns 317,292 shares of the company’s stock, valued at approximately $9,766,247.76. The disclosure for this sale can be found here. Insiders sold 46,500 shares of company stock worth $1,460,795 in the last 90 days. Company insiders own 2.90% of the company’s stock.

A number of research analysts recently issued reports on JBL shares. Raymond James reiterated a “sell” rating and set a $0.25 target price on shares of Bellatrix Exploration in a research report on Monday, April 1st. Zacks Investment Research downgraded shares of CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $29.33.

JBL traded down $0.06 during trading on Thursday, hitting $30.36. 806,637 shares of the company traded hands, compared to its average volume of 1,329,102. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.18 and a beta of 0.97. The firm’s fifty day moving average price is $28.93. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 1.33. Jabil Inc has a one year low of $21.49 and a one year high of $32.24.

Jabil (NYSE:JBL) last released its quarterly earnings data on Tuesday, June 18th. The technology company reported $0.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. Jabil had a net margin of 0.72% and a return on equity of 18.57%. The business had revenue of $6.14 billion for the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year. On average, research analysts anticipate that Jabil Inc will post 2.16 earnings per share for the current fiscal year.

Jabil Company Profile

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