Y Intercept Hong Kong Ltd Has $8.70 Million Stock Position in Jabil Inc. (NYSE:JBL)

Y Intercept Hong Kong Ltd increased its stake in shares of Jabil Inc. (NYSE:JBL) by 157.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,598 shares of the technology company’s stock after acquiring an additional 44,372 shares during the quarter. Jabil comprises approximately 0.5% of Y Intercept Hong Kong Ltd’s holdings, making the stock its 16th largest holding. Y Intercept Hong Kong Ltd owned 0.06% of Jabil worth $8,699,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of JBL. Van ECK Associates Corp increased its holdings in shares of Jabil by 6.0% during the 3rd 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 during the period. Verdence Capital Advisors LLC grew its position in 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 buying an additional 91 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Jabil by 3.5% during the third quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock valued at $376,000 after acquiring an additional 105 shares during the period. Richard P Slaughter Associates Inc raised its holdings in Jabil by 0.7% in the 3rd quarter. Richard P Slaughter Associates Inc now owns 17,624 shares of the technology company’s stock valued at $2,112,000 after acquiring an additional 120 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Jabil by 4.9% in the 3rd quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company’s stock worth $309,000 after acquiring an additional 120 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Bank of America boosted 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. Barclays raised their price objective on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. StockNews.com upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. cut their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus increased their target price on Jabil from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Jabil has an average rating of “Moderate Buy” and an average target price of $145.17.

Insider Buying and Selling

In related news, SVP Francis Mckay sold 11,755 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares in the company, valued at approximately $5,051,816.97. The trade was a 22.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction on 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 transaction, the director now directly owns 139,108 shares in the company, valued at approximately $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,689 shares of company stock valued at $5,377,431 over the last ninety days. Insiders own 2.62% of the company’s stock.

Jabil Stock Performance

JBL stock opened at $135.64 on Monday. The stock has a market capitalization of $15.31 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. The company has a 50 day moving average price of $128.11 and a 200 day moving average price of $117.03. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.34 earnings per share. Analysts forecast that Jabil Inc. will post 7.89 EPS for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Friday, November 15th. Jabil’s dividend 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).