V Square Quantitative Management LLC Buys 511 Shares of Jabil Inc. (NYSE:JBL)

V Square Quantitative Management LLC increased its position in Jabil Inc. (NYSE:JBL) by 31.9% during the third quarter, HoldingsChannel.com reports. The firm owned 2,112 shares of the technology company’s stock after acquiring an additional 511 shares during the quarter. V Square Quantitative Management LLC’s holdings in Jabil were worth $253,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers grew its holdings in shares of Jabil by 141.7% during the first quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock valued at $2,324,000 after buying an additional 10,173 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Jabil by 30.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 331,373 shares of the technology company’s stock valued at $44,387,000 after purchasing an additional 76,573 shares during the last quarter. Tobam bought a new stake in shares of Jabil in the 1st quarter worth $1,692,000. BNP Paribas Financial Markets raised its stake in shares of Jabil by 222.8% in the first quarter. BNP Paribas Financial Markets now owns 132,346 shares of the technology company’s stock worth $17,728,000 after purchasing an additional 91,347 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in shares of Jabil by 239.2% during the first quarter. CreativeOne Wealth LLC now owns 10,116 shares of the technology company’s stock valued at $1,355,000 after purchasing an additional 7,134 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JBL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Bank of America boosted their price objective on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. Barclays raised their target price on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Stifel Nicolaus boosted their target price on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.50.

Jabil Stock Performance

JBL opened at $126.30 on Monday. The company’s 50 day moving average is $112.30 and its 200 day moving average is $115.42. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.46 and a beta of 1.25. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $156.94.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate 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 net margin of 4.81% and a return on equity of 42.64%. The company’s revenue was down 17.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.34 EPS. On average, equities research analysts predict 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. Shareholders of record on Friday, November 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Friday, November 15th. Jabil’s payout ratio is 2.91%.

Insider Transactions at Jabil

In related news, EVP Matthew Crowley sold 1,380 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the transaction, the executive vice president now directly owns 18,568 shares in the company, valued at approximately $2,336,411.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Jabil news, EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the transaction, the executive vice president now owns 18,568 shares of the company’s stock, valued at $2,336,411.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the executive vice president now directly owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.62% of the company’s stock.

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).