Jabil Inc. (NYSE:JBL) Shares Acquired by Lifeworks Advisors LLC

Lifeworks Advisors LLC lifted its holdings in shares of Jabil Inc. (NYSE:JBL) by 40.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,597 shares of the technology company’s stock after buying an additional 4,502 shares during the quarter. Lifeworks Advisors LLC’s holdings in Jabil were worth $1,869,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Van ECK Associates Corp increased its position in shares of Jabil by 6.0% during the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock worth $195,000 after purchasing an additional 90 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Jabil by 2.9% during the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock worth $387,000 after purchasing an additional 91 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Jabil by 3.5% during the third quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock worth $376,000 after purchasing an additional 105 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Jabil by 15.3% during the second quarter. GAMMA Investing LLC now owns 797 shares of the technology company’s stock worth $87,000 after purchasing an additional 106 shares in the last quarter. Finally, M&R Capital Management Inc. increased its position in shares of Jabil by 8.4% during the second quarter. M&R Capital Management Inc. now owns 1,380 shares of the technology company’s stock worth $150,000 after purchasing an additional 107 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on JBL. Bank of America boosted their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Stifel Nicolaus boosted their price target on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. dropped their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Finally, Barclays upped their target price on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a report 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 currently has an average rating of “Moderate Buy” and an average target price of $143.50.

Jabil Trading Down 1.8 %

JBL traded down $2.43 during mid-day trading on Thursday, hitting $129.30. 173,209 shares of the stock were exchanged, compared to its average volume of 1,446,783. The firm’s fifty day moving average is $120.19 and its two-hundred day moving average is $115.25. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $156.94. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The company has a market cap of $14.59 billion, a PE ratio of 11.95, a PEG ratio of 1.57 and a beta of 1.24.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $6.59 billion. During the same quarter in the prior year, the company earned $2.34 EPS. Jabil’s revenue was down 17.7% on a year-over-year basis. Equities analysts forecast that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Friday, November 15th. Jabil’s dividend payout ratio is currently 2.90%.

Insider Buying and Selling at Jabil

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

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).