Jabil Inc. (NYSE:JBL) Shares Sold by Swedbank AB

Swedbank AB lessened its stake in shares of Jabil Inc. (NYSE:JBL) by 11.7% during the third quarter, HoldingsChannel reports. The firm owned 37,460 shares of the technology company’s stock after selling 4,943 shares during the period. Swedbank AB’s holdings in Jabil were worth $4,489,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Benjamin Edwards Inc. acquired a new position in Jabil during the 1st quarter worth approximately $25,000. ORG Partners LLC acquired a new position in shares of Jabil during the first quarter worth $29,000. Riverview Trust Co purchased a new position in shares of Jabil in the first quarter valued at $33,000. HHM Wealth Advisors LLC acquired a new stake in Jabil during the 2nd quarter valued at $28,000. Finally, Innealta Capital LLC acquired a new position in Jabil in the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Trading Up 0.3 %

NYSE JBL opened at $126.29 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The company has a 50-day simple moving average of $112.30 and a 200-day simple moving average of $115.55. Jabil Inc. has a one year low of $95.85 and a one year high of $156.94. The firm has a market capitalization of $14.33 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.59 billion. During the same period in the prior year, the firm earned $2.34 EPS. The business’s quarterly revenue was down 17.7% on a year-over-year basis. On average, equities analysts forecast that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Friday, November 15th. Jabil’s dividend payout ratio (DPR) is 2.91%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Bank of America raised their target price on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. lowered their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Stifel Nicolaus upped their target price on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 27th. UBS Group dropped their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Finally, Barclays increased their price objective on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $143.50.

Insider Transactions at Jabil

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the transaction, the executive vice president now owns 18,568 shares in the company, valued at approximately $2,336,411.44. This 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 related 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 completion of 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Matthew Crowley sold 1,380 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the transaction, the executive vice president now directly owns 18,568 shares in the company, valued at approximately $2,336,411.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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).