Jabil Inc. (NYSE:JBL) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its holdings in Jabil Inc. (NYSE:JBL) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,856 shares of the technology company’s stock after buying an additional 405 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Jabil were worth $2,106,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of JBL. Private Advisor Group LLC boosted its holdings in shares of Jabil by 73.6% in the 4th quarter. Private Advisor Group LLC now owns 2,288 shares of the technology company’s stock valued at $291,000 after buying an additional 970 shares during the period. Principal Securities Inc. bought a new stake in Jabil in the 4th quarter valued at about $51,000. Janney Montgomery Scott LLC lifted its position in Jabil by 6.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,128 shares of the technology company’s stock valued at $2,054,000 after purchasing an additional 912 shares during the last quarter. Beacon Pointe Advisors LLC lifted its position in Jabil by 2.5% in the 4th quarter. Beacon Pointe Advisors LLC now owns 3,377 shares of the technology company’s stock valued at $430,000 after purchasing an additional 83 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Jabil by 13.0% in the 4th quarter. Wells Fargo & Company MN now owns 154,314 shares of the technology company’s stock valued at $19,660,000 after purchasing an additional 17,766 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Stock Performance

Jabil stock opened at $113.96 on Friday. The firm’s 50 day simple moving average is $107.10 and its 200-day simple moving average is $118.14. The company has a market cap of $12.93 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94.

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

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Thursday, August 15th. Jabil’s payout ratio is presently 2.91%.

Insider Activity at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

JBL has been the topic of several recent research reports. Bank of America cut their price objective 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. UBS Group dropped their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Stifel Nicolaus dropped their price target on shares of Jabil from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday. Barclays dropped their price target on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Finally, JPMorgan Chase & Co. dropped 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. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $139.88.

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).