Gulf International Bank UK Ltd Purchases 110 Shares of Jabil Inc. (NYSE:JBL)

Gulf International Bank UK Ltd raised its holdings in Jabil Inc. (NYSE:JBL) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,743 shares of the technology company’s stock after purchasing an additional 110 shares during the period. Gulf International Bank UK Ltd’s holdings in Jabil were worth $1,439,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of JBL. Alaska Permanent Fund Corp purchased a new position in shares of Jabil in the fourth quarter worth about $29,000. Pacific Capital Wealth Advisors Inc. purchased a new position in Jabil during the fourth quarter valued at approximately $32,000. CVA Family Office LLC purchased a new position in Jabil during the fourth quarter valued at approximately $36,000. Valley National Advisers Inc. purchased a new position in Jabil during the fourth quarter valued at approximately $36,000. Finally, Principal Securities Inc. purchased a new position in Jabil during the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Trading Up 1.3 %

Shares of JBL opened at $113.19 on Friday. The firm has a market cap of $13.65 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 1.40 and a beta of 1.35. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.72 and a current ratio of 1.13. Jabil Inc. has a fifty-two week low of $100.18 and a fifty-two week high of $156.94. The firm has a 50 day moving average price of $119.16 and a 200-day moving average price of $128.05.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.53 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The business’s quarterly revenue was down 20.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 EPS. As a group, equities research analysts forecast that Jabil Inc. will post 7.74 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. Jabil’s payout ratio is 2.91%.

Insider Transactions at Jabil

In related news, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total value of $406,860.00. Following the transaction, the executive vice president now directly owns 65,434 shares of the company’s stock, valued at $8,874,159.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Kenneth S. Wilson sold 15,000 shares of Jabil stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the transaction, the chief executive officer now directly owns 339,725 shares of the company’s stock, valued at $45,591,095. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the completion of the transaction, the executive vice president now directly owns 65,434 shares in the company, valued at $8,874,159.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,877 shares of company stock worth $3,519,883. 2.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on JBL. JPMorgan Chase & Co. reduced their price objective on shares of Jabil from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, June 17th. UBS Group reduced their price objective on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday. Argus lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Barclays dropped their target price on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday. Finally, StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $142.63.

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).