CENTRAL TRUST Co Sells 500 Shares of Jabil Inc. (NYSE:JBL)

CENTRAL TRUST Co trimmed its position in Jabil Inc. (NYSE:JBL) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,204 shares of the technology company’s stock after selling 500 shares during the quarter. CENTRAL TRUST Co’s holdings in Jabil were worth $1,103,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new position in shares of Jabil during the 2nd quarter valued at approximately $78,660,000. AQR Capital Management LLC lifted its position in Jabil by 195.8% during the second quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock valued at $115,404,000 after purchasing an additional 702,199 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Jabil by 29.0% in 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 in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Jabil in the 1st quarter worth about $39,040,000. Finally, Victory Capital Management Inc. raised its position in shares of Jabil by 72.0% during the 2nd quarter. Victory Capital Management Inc. now owns 490,499 shares of the technology company’s stock valued at $53,361,000 after buying an additional 205,331 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on JBL shares. Stifel Nicolaus lifted their price target on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Bank of America boosted their target price on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. lowered their price target 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, Barclays boosted their price objective on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

Jabil Price Performance

JBL opened at $124.71 on Friday. The business has a fifty day moving average of $114.27 and a 200 day moving average of $115.09. The stock has a market cap of $14.15 billion, a P/E ratio of 11.32, a PEG ratio of 1.46 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $156.94.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. The firm 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 revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 earnings per share. As a group, sell-side analysts anticipate that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Friday, November 15th. Jabil’s dividend payout ratio is presently 2.90%.

Insider Activity at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total transaction of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at $12,908,981.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total transaction of $474,800.00. Following the transaction, the executive vice president now owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Matthew Crowley sold 2,271 shares of Jabil stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $123.54, for a total value of $280,559.34. Following the completion of the sale, the executive vice president now owns 15,564 shares of the company’s stock, valued at $1,922,776.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,651 shares of company stock worth $929,005. Company insiders own 2.62% of the company’s stock.

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).