Mutual of America Capital Management LLC Sells 1,240 Shares of Jabil Inc. (NYSE:JBL)

Mutual of America Capital Management LLC reduced its holdings in shares of Jabil Inc. (NYSE:JBL) by 8.2% during the third quarter, Holdings Channel reports. The fund owned 13,969 shares of the technology company’s stock after selling 1,240 shares during the period. Mutual of America Capital Management LLC’s holdings in Jabil were worth $1,674,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Cetera Investment Advisers grew its holdings in shares of Jabil by 141.7% during the 1st quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock valued at $2,324,000 after purchasing an additional 10,173 shares during the last quarter. CCM Investment Advisers LLC grew its stake in shares of Jabil by 6.0% during the second quarter. CCM Investment Advisers LLC now owns 149,208 shares of the technology company’s stock valued at $16,232,000 after buying an additional 8,405 shares during the last quarter. Foster & Motley Inc. increased its holdings in shares of Jabil by 8.7% in the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock worth $6,252,000 after buying an additional 4,181 shares during the period. Comerica Bank lifted its stake in shares of Jabil by 68.5% in the 1st quarter. Comerica Bank now owns 42,709 shares of the technology company’s stock valued at $5,721,000 after acquiring an additional 17,355 shares during the last quarter. Finally, Nicola Wealth Management LTD. boosted its holdings in Jabil by 54.9% during the 3rd quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock valued at $4,733,000 after acquiring an additional 14,000 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jabil

In other news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the sale, the director now owns 139,108 shares in the company, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Matthew Crowley sold 1,380 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 18,568 shares in the company, valued at $2,336,411.44. This represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,689 shares of company stock worth $5,377,431 over the last ninety days. 2.62% of the stock is owned by corporate insiders.

Jabil Stock Performance

NYSE:JBL opened at $134.03 on Tuesday. 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’s fifty day simple moving average is $124.39 and its 200 day simple moving average is $115.92. The stock has a market cap of $15.12 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 1.55 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 announced its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same quarter in the previous year, the firm posted $2.34 EPS. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, research analysts predict that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be given a $0.08 dividend. 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 dividend payout ratio is currently 2.90%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Stifel Nicolaus lifted their price target on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Barclays lifted their target price on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. dropped their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Finally, 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 research report on Friday, September 27th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

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).