Ashton Thomas Private Wealth LLC Has $501,000 Stake in Jabil Inc. (NYSE:JBL)

Ashton Thomas Private Wealth LLC cut its holdings in shares of Jabil Inc. (NYSE:JBL) by 7.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,605 shares of the technology company’s stock after selling 371 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Jabil were worth $501,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JBL. Private Advisor Group LLC raised its position in shares of Jabil by 73.6% in the fourth quarter. Private Advisor Group LLC now owns 2,288 shares of the technology company’s stock valued at $291,000 after purchasing an additional 970 shares during the period. Principal Securities Inc. bought a new position in Jabil in the 4th quarter valued at about $51,000. BNP Paribas Financial Markets lifted its position in Jabil by 229.9% during the fourth quarter. BNP Paribas Financial Markets now owns 40,999 shares of the technology company’s stock worth $5,223,000 after acquiring an additional 28,572 shares during the last quarter. Ieq Capital LLC boosted its holdings in shares of Jabil by 2.9% during the fourth quarter. Ieq Capital LLC now owns 8,694 shares of the technology company’s stock worth $1,108,000 after acquiring an additional 243 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Jabil by 137.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 127,056 shares of the technology company’s stock valued at $16,181,000 after purchasing an additional 73,600 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Performance

Shares of Jabil stock opened at $103.44 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. The company has a market cap of $11.73 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 1.71 and a beta of 1.25. The company has a 50 day moving average of $107.61 and a 200-day moving average of $119.50. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $156.94.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.53 billion. During the same quarter last year, the business posted $1.85 EPS. The company’s revenue was down 20.2% compared to the same quarter last year. As a group, equities research analysts forecast that Jabil Inc. will post 7.86 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.31%. Jabil’s dividend payout ratio (DPR) is currently 2.91%.

Insider Activity

In related news, SVP May Yee Yap sold 4,274 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total transaction of $500,228.96. Following the completion of the transaction, the senior vice president now directly owns 24,829 shares in the company, valued at approximately $2,905,986.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP May Yee Yap sold 4,274 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the sale, the senior vice president now owns 24,829 shares in the company, valued at approximately $2,905,986.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frederic E. Mccoy sold 1,250 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group reduced their price target on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. JPMorgan Chase & Co. decreased their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Barclays dropped their price objective on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. Finally, Bank of America decreased their target price on shares of Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $141.13.

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).