B. Metzler seel. Sohn & Co. Holding AG Takes $365,000 Position in Jabil Inc. (NYSE:JBL)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Jabil Inc. (NYSE:JBL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,046 shares of the technology company’s stock, valued at approximately $365,000.

Other hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC bought a new stake in shares of Jabil in the second quarter valued at about $28,000. Innealta Capital LLC bought a new stake in Jabil in the 2nd quarter valued at approximately $31,000. Capital Performance Advisors LLP acquired a new position in Jabil during the 3rd quarter worth approximately $32,000. Family Firm Inc. bought a new position in shares of Jabil during the 2nd quarter worth approximately $37,000. Finally, Matrix Trust Co raised its holdings in shares of Jabil by 135.4% in the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after purchasing an additional 214 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on JBL. Barclays increased 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. Bank of America raised their price objective on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. reduced their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus boosted their price target on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Two equities 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 stock has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Insider Activity at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction that occurred 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 owns 108,753 shares in the company, valued at $12,908,981.10. The trade was a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Matthew Crowley sold 1,380 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $125.83, for a total value of $173,645.40. Following the transaction, the executive vice president now owns 18,568 shares in the company, valued at approximately $2,336,411.44. This trade represents a 6.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,689 shares of company stock worth $5,377,431. Insiders own 2.62% of the company’s stock.

Jabil Price Performance

Shares of NYSE JBL opened at $131.12 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 business’s 50 day moving average price is $123.82 and its two-hundred day moving average price is $115.81. The company has a market cap of $14.80 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $156.94.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same period in the previous year, the firm earned $2.34 EPS. The firm’s revenue was down 17.7% compared to the same quarter last year. On average, analysts predict that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, November 15th. Jabil’s payout ratio is 2.90%.

Jabil Company 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).