XTX Topco Ltd Acquires New Holdings in Jabil Inc. (NYSE:JBL)

XTX Topco Ltd bought a new position in shares of Jabil Inc. (NYSE:JBL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,223 shares of the technology company’s stock, valued at approximately $1,874,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of Jabil by 13.0% during the 4th quarter. Wells Fargo & Company MN now owns 154,314 shares of the technology company’s stock worth $19,660,000 after purchasing an additional 17,766 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Jabil by 36.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock valued at $170,660,000 after acquiring an additional 359,818 shares in the last quarter. Cetera Investment Advisers boosted its stake 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 acquiring an additional 10,173 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position 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 worth $44,387,000 after purchasing an additional 76,573 shares in the last quarter. Finally, Tobam acquired a new position in Jabil in the 1st quarter valued at about $1,692,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays decreased their price target on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Stifel Nicolaus lowered their target price on shares of Jabil from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reduced their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. UBS Group lowered their price objective on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Finally, Bank of America reduced their target price on Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and an average price target of $139.88.

Jabil Price Performance

JBL stock opened at $110.86 on Friday. The company has a market cap of $12.58 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average price of $107.17 and a two-hundred day moving average price of $118.19. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $156.94.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.53 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The company’s revenue was down 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. As a group, research analysts predict that Jabil Inc. will post 7.86 EPS for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Thursday, August 15th. Jabil’s dividend payout ratio is presently 2.91%.

Insider Activity at Jabil

In related news, SVP May Yee Yap sold 4,274 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the sale, the senior vice president now directly owns 24,829 shares in the company, valued at approximately $2,905,986.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the transaction, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total transaction of $500,228.96. Following the completion of the sale, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The disclosure for this sale can be found here. Company insiders own 2.62% of the company’s stock.

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).