Jabil Inc. (NYSE:JBL) Stock Position Lifted by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky raised its stake in shares of Jabil Inc. (NYSE:JBL) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 334,495 shares of the technology company’s stock after buying an additional 11,784 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.29% of Jabil worth $36,390,000 as of its most recent SEC filing.

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

Insider Activity at Jabil

In other news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil 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 transaction, the executive vice president now owns 112,753 shares in the company, valued at $13,126,704.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP May Yee Yap sold 4,274 shares of the company’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 transaction, the senior vice president now owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the sale, the executive vice president now directly 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 insiders.

Jabil Stock Down 2.1 %

Shares of JBL opened at $119.83 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. The company has a 50-day simple moving average of $107.55 and a 200-day simple moving average of $116.07. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94. The firm has a market capitalization of $13.59 billion, a P/E ratio of 10.90, a P/E/G ratio of 2.23 and a beta of 1.25.

Jabil (NYSE:JBL) last released its quarterly earnings data 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 business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.59 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. Jabil’s quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.34 earnings per share. On average, equities research analysts expect that Jabil Inc. will post 7.85 earnings per share for the current year.

Jabil Announces Dividend

The company also recently announced 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 dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, August 15th. Jabil’s dividend payout ratio (DPR) is currently 2.91%.

Analysts Set New Price Targets

A number of analysts have issued reports on JBL shares. Barclays lifted their target price on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday. 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, June 21st. Bank of America increased their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. cut their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Finally, Stifel Nicolaus upped their price target on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Two equities 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.86.

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).