Resonant Capital Advisors LLC Acquires 473 Shares of Jabil Inc. (NYSE:JBL)

Resonant Capital Advisors LLC increased its holdings in Jabil Inc. (NYSE:JBL) by 23.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,459 shares of the technology company’s stock after purchasing an additional 473 shares during the period. Resonant Capital Advisors LLC’s holdings in Jabil were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JBL. ORG Partners LLC acquired a new position in shares of Jabil during the 1st quarter valued at about $29,000. Riverview Trust Co acquired a new stake in shares of Jabil in the first quarter worth $33,000. HHM Wealth Advisors LLC acquired a new position in Jabil in the 2nd quarter valued at $28,000. Innealta Capital LLC bought a new position in Jabil in the 2nd quarter worth $31,000. Finally, Family Firm Inc. bought a new stake in Jabil during the second quarter valued at about $37,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Jabil Stock Up 0.3 %

Shares of NYSE:JBL opened at $126.30 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market cap of $14.33 billion, a P/E ratio of 11.49, a P/E/G 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. The company’s 50-day moving average price is $112.30 and its two-hundred day moving average price is $115.42.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.59 billion. During the same period in the prior year, the firm earned $2.34 earnings per share. Jabil’s revenue was down 17.7% compared to the same quarter last year. As a group, research analysts forecast that Jabil Inc. will post 7.84 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Friday, November 15th. Jabil’s dividend payout ratio (DPR) is presently 2.91%.

Insider Activity

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total transaction of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at approximately $12,908,981.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Jabil news, EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction 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 completion of the sale, the executive vice president now owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the completion of the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at approximately $12,908,981.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by insiders.

About Jabil

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).