Aptus Capital Advisors LLC Takes $211,000 Position in Jabil Inc. (NYSE:JBL)

Aptus Capital Advisors LLC bought a new position in shares of Jabil Inc. (NYSE:JBL) in the 3rd quarter, Holdings Channel reports. The fund bought 1,757 shares of the technology company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JBL. HHM Wealth Advisors LLC acquired a new stake in Jabil during the 2nd quarter worth approximately $28,000. Capital Performance Advisors LLP acquired a new stake in shares of Jabil during the third quarter worth $32,000. Innealta Capital LLC purchased a new position in Jabil in the 2nd quarter valued at $31,000. Family Firm Inc. acquired a new position in Jabil in the 2nd quarter valued at $37,000. Finally, Matrix Trust Co raised its position in Jabil by 135.4% during the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after buying an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at approximately $12,908,981.10. This represents a 3.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the sale, the senior vice president now owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This trade represents a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,689 shares of company stock valued at $5,377,431 over the last quarter. Corporate insiders own 2.62% of the company’s stock.

Wall Street Analyst Weigh In

JBL has been the topic of several analyst reports. Barclays lifted their target price on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Bank of America boosted their target price 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 raised their price target on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. decreased their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.50.

Jabil Stock Performance

JBL opened at $128.26 on Friday. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $156.94. The stock has a market cap of $14.47 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.55 and a beta of 1.24. The stock’s 50 day simple moving average is $121.26 and its 200 day simple moving average is $115.39. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72.

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

Jabil Dividend Announcement

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 dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Friday, November 15th. Jabil’s payout ratio is currently 2.90%.

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).