UniSuper Management Pty Ltd Grows Holdings in Jabil Inc. (NYSE:JBL)

UniSuper Management Pty Ltd raised its position in Jabil Inc. (NYSE:JBL) by 42.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,430 shares of the technology company’s stock after purchasing an additional 6,672 shares during the period. UniSuper Management Pty Ltd’s holdings in Jabil were worth $3,004,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBL. SG Americas Securities LLC lifted its holdings in shares of Jabil by 14.4% during the 4th quarter. SG Americas Securities LLC now owns 22,396 shares of the technology company’s stock worth $2,853,000 after acquiring an additional 2,818 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Jabil by 3.9% during the 4th quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company’s stock worth $278,000 after acquiring an additional 82 shares during the period. Salem Investment Counselors Inc. lifted its holdings in shares of Jabil by 79.2% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the technology company’s stock worth $115,000 after acquiring an additional 400 shares during the period. CVA Family Office LLC purchased a new position in shares of Jabil during the 4th quarter worth about $36,000. Finally, Kingswood Wealth Advisors LLC lifted its holdings in shares of Jabil by 144.7% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 4,267 shares of the technology company’s stock worth $544,000 after acquiring an additional 2,523 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Stock Down 1.0 %

NYSE:JBL traded down $1.14 during trading hours on Tuesday, hitting $112.16. The stock had a trading volume of 1,597,920 shares, compared to its average volume of 1,464,927. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. Jabil Inc. has a 1-year low of $100.18 and a 1-year high of $156.94. The business has a 50 day simple moving average of $115.41 and a two-hundred day simple moving average of $125.86. The company has a market cap of $12.72 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27.

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

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Thursday, August 15th. Jabil’s payout ratio is currently 2.91%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JBL. Barclays cut their price objective on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Bank of America cut their price target on shares of Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, June 21st. JPMorgan Chase & Co. cut their price target on shares of Jabil from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, June 17th. UBS Group cut their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. Finally, StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $142.63.

Insider Transactions at Jabil

In other Jabil news, SVP May Yee Yap sold 4,274 shares of Jabil 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 owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the sale, the executive vice president now directly owns 112,753 shares in the company, valued at $13,126,704.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP May Yee Yap sold 4,274 shares of the firm’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 sale, the senior vice president now owns 24,829 shares in the company, valued at $2,905,986.16. The disclosure for this sale can be found here. Corporate 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).