Jabil Inc. (NYSE:JBL) Stake Lifted by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. raised its stake in Jabil Inc. (NYSE:JBL) by 28.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,757 shares of the technology company’s stock after buying an additional 1,266 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Jabil were worth $690,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Partners LLC acquired a new position in Jabil during the 1st quarter valued at about $29,000. HHM Wealth Advisors LLC bought a new position in shares of Jabil in the second quarter worth $28,000. Innealta Capital LLC acquired a new position in shares of Jabil during the second quarter valued at $31,000. Family Firm Inc. acquired a new stake in Jabil in the second quarter worth about $37,000. Finally, Matrix Trust Co lifted its holdings in Jabil by 135.4% in the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after purchasing an additional 214 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on JBL. JPMorgan Chase & Co. lowered their price objective on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Stifel Nicolaus boosted their target price on shares of Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Bank of America increased their price objective on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Barclays lifted their price target on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $143.50.

Insider Transactions at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the completion of the sale, the executive vice president now owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total transaction of $474,800.00. Following the completion of the sale, the executive vice president now owns 108,753 shares in the company, valued at approximately $12,908,981.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Matthew Crowley sold 1,380 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the transaction, the executive vice president now directly owns 18,568 shares in the company, valued at $2,336,411.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,651 shares of company stock worth $929,005 in the last 90 days. 2.62% of the stock is owned by insiders.

Jabil Trading Up 1.7 %

Shares of NYSE:JBL opened at $125.03 on Friday. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $156.94. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $14.18 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The firm has a fifty day moving average of $113.90 and a two-hundred day moving average of $115.19.

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

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Friday, November 15th. Jabil’s dividend payout ratio is 2.91%.

Jabil Company 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).