Caxton Associates LP Acquires Shares of 3,535 Jabil Inc. (NYSE:JBL)

Caxton Associates LP bought a new position in shares of Jabil Inc. (NYSE:JBL) in the second quarter, HoldingsChannel reports. The firm bought 3,535 shares of the technology company’s stock, valued at approximately $385,000.

Several other hedge funds have also modified their holdings of JBL. Benjamin Edwards Inc. purchased a new position in Jabil in the first quarter worth $25,000. ORG Partners LLC acquired a new stake in shares of Jabil in the first quarter valued at about $29,000. Riverview Trust Co purchased a new stake in Jabil during the first quarter worth about $33,000. HHM Wealth Advisors LLC purchased a new stake in Jabil during the second quarter worth about $28,000. Finally, Innealta Capital LLC acquired a new stake in shares of Jabil in the 2nd quarter worth approximately $31,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JBL. JPMorgan Chase & Co. reduced their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. UBS Group reduced their price objective on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. 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. Stifel Nicolaus raised their price objective on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. Finally, Bank of America increased their target price on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.75.

Insider Buying and Selling at Jabil

In other news, SVP May Yee Yap sold 4,274 shares of the company’s stock in a transaction dated 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 owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP May Yee Yap sold 4,274 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the transaction, the senior vice president now directly owns 24,829 shares in the company, valued at $2,905,986.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Frederic E. Mccoy sold 1,250 shares of Jabil stock in a transaction 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 sale, the executive vice president now directly owns 112,753 shares in the company, valued at approximately $13,126,704.26. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by corporate insiders.

Jabil Stock Performance

Jabil stock opened at $122.31 on Friday. The company has a market cap of $13.88 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 2.23 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 has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. The stock’s 50-day moving average is $107.42 and its 200-day moving average is $116.72.

Jabil (NYSE:JBL) last posted 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 4.63% and a return on equity of 40.30%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same quarter last year, the firm posted $2.34 earnings per share. Jabil’s revenue for the quarter was down 17.7% compared to the same quarter last year. Equities analysts anticipate that Jabil Inc. will post 7.85 earnings per share for the current year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were issued a $0.08 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.26%. Jabil’s dividend payout ratio is currently 2.91%.

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).