9,523 Shares in Jabil Inc. (NYSE:JBL) Bought by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. purchased a new position in shares of Jabil Inc. (NYSE:JBL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,523 shares of the technology company’s stock, valued at approximately $1,141,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new stake in shares of Jabil during the 2nd quarter valued at $78,660,000. AQR Capital Management LLC raised its holdings in Jabil by 195.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock valued at $115,404,000 after buying an additional 702,199 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Jabil by 29.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock worth $150,463,000 after buying an additional 310,590 shares during the period. Westfield Capital Management Co. LP bought a new stake in Jabil during the 1st quarter worth approximately $39,040,000. Finally, Victory Capital Management Inc. raised its stake in shares of Jabil by 72.0% during the second quarter. Victory Capital Management Inc. now owns 490,499 shares of the technology company’s stock valued at $53,361,000 after acquiring an additional 205,331 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Insider Activity

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the business’s stock in a transaction on Friday, October 18th. The stock was 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 of the company’s stock, valued at approximately $2,336,411.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the sale, the executive vice president now directly owns 18,568 shares of the company’s stock, valued at $2,336,411.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Francis Mckay sold 11,755 shares of the business’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 transaction, the senior vice president now owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. The trade was a 0.00 % 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 three months. Corporate insiders own 2.62% of the company’s stock.

Jabil Trading Down 0.3 %

JBL opened at $137.30 on Friday. The firm has a market capitalization of $15.49 billion, a PE ratio of 12.46, a P/E/G ratio of 1.50 and a beta of 1.24. 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 fifty-two week low of $95.85 and a fifty-two week high of $156.94. The company’s 50-day moving average is $117.98 and its 200 day moving average is $114.87.

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 net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.59 billion. During the same quarter in the prior year, the business posted $2.34 EPS. The business’s revenue was down 17.7% compared to the same quarter last year. As a group, research analysts predict that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. Jabil’s payout ratio is presently 2.90%.

Analyst Upgrades and Downgrades

JBL has been the subject of several recent research reports. Bank of America increased their price target on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus upped their price objective on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. cut their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research 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 research report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.50.

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).