Hutchens & Kramer Investment Management Group LLC acquired a new position in shares of Jabil, Inc. (NYSE:JBL – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,333 shares of the technology company’s stock, valued at approximately $288,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of JBL. Principal Financial Group Inc. increased its position in shares of Jabil by 0.8% during the first quarter. Principal Financial Group Inc. now owns 144,405 shares of the technology company’s stock valued at $19,649,000 after acquiring an additional 1,139 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Jabil by 2.9% during the first quarter. D.A. Davidson & CO. now owns 24,573 shares of the technology company’s stock valued at $3,344,000 after acquiring an additional 702 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of Jabil during the first quarter valued at about $214,000. IFM Investors Pty Ltd increased its position in shares of Jabil by 26.8% during the first quarter. IFM Investors Pty Ltd now owns 22,626 shares of the technology company’s stock valued at $3,079,000 after acquiring an additional 4,776 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Jabil during the first quarter valued at about $52,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.
Jabil Trading Down 0.2%
NYSE JBL opened at $221.11 on Monday. The firm has a 50 day simple moving average of $211.10 and a 200-day simple moving average of $198.16. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.66 and a current ratio of 1.00. Jabil, Inc. has a one year low of $108.66 and a one year high of $237.14. The firm has a market cap of $23.62 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 1.58 and a beta of 1.26.
Jabil Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.32 dividend on an annualized basis and a yield of 0.1%. Jabil’s dividend payout ratio (DPR) is presently 5.37%.
Insider Activity at Jabil
In other Jabil news, SVP Francis Mckay sold 2,526 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $224.47, for a total transaction of $567,011.22. Following the sale, the senior vice president owned 40,963 shares of the company’s stock, valued at approximately $9,194,964.61. This trade represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregory B. Hebard sold 6,086 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $213.54, for a total transaction of $1,299,604.44. Following the sale, the chief financial officer directly owned 58,526 shares in the company, valued at approximately $12,497,642.04. The trade was a 9.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 102,451 shares of company stock valued at $21,376,432 in the last quarter. Company insiders own 1.73% of the company’s stock.
Wall Street Analyst Weigh In
JBL has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Jabil in a research report on Tuesday, October 14th. Bank of America lifted their price target on shares of Jabil from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Zacks Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.43.
Get Our Latest Research Report on JBL
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).
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