Jabil Inc. (NYSE:JBL) Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec raised its stake in Jabil Inc. (NYSE:JBL) by 595.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 343,137 shares of the technology company’s stock after acquiring an additional 293,801 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.30% of Jabil worth $41,118,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in JBL. Cetera Investment Advisers increased its position in Jabil by 141.7% during the 1st quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock worth $2,324,000 after purchasing an additional 10,173 shares in the last quarter. CCM Investment Advisers LLC grew its holdings in shares of Jabil by 6.0% during the second quarter. CCM Investment Advisers LLC now owns 149,208 shares of the technology company’s stock worth $16,232,000 after buying an additional 8,405 shares in the last quarter. Foster & Motley Inc. grew its holdings in shares of Jabil by 8.7% during the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock worth $6,252,000 after buying an additional 4,181 shares in the last quarter. Nicola Wealth Management LTD. raised its position in shares of Jabil by 54.9% in the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock valued at $4,733,000 after buying an additional 14,000 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Jabil by 11.8% during the third quarter. Empowered Funds LLC now owns 145,682 shares of the technology company’s stock valued at $17,457,000 after buying an additional 15,413 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBL has been the subject of several recent analyst reports. Bank of America lifted their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note 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 research note on Tuesday, September 3rd. StockNews.com upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Barclays lifted their price target on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, Stifel Nicolaus increased their price objective on shares of Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Insider Transactions at Jabil

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 18,568 shares in the company, valued at $2,336,411.44. The trade was a 6.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’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 sale, the executive vice president now owns 108,753 shares of the company’s stock, valued at $12,908,981.10. This represents a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,689 shares of company stock valued at $5,377,431 over the last quarter. Company insiders own 2.62% of the company’s stock.

Jabil Stock Performance

NYSE JBL opened at $135.83 on Monday. 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 Inc. has a 1-year low of $95.85 and a 1-year high of $156.94. The firm has a market capitalization of $15.33 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.60 and a beta of 1.24. The business’s 50-day simple moving average is $126.30 and its 200-day simple moving average is $116.38.

Jabil (NYSE:JBL) last released its quarterly earnings data 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. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.59 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.34 earnings per share. Equities analysts predict that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, November 15th. Jabil’s payout ratio is 2.90%.

About Jabil

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).