Jabil Inc. (NYSE:JBL) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC lifted its position in Jabil Inc. (NYSE:JBL) by 45.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,444 shares of the technology company’s stock after acquiring an additional 758 shares during the period. Larson Financial Group LLC’s holdings in Jabil were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in JBL. HHM Wealth Advisors LLC acquired a new stake in Jabil during the 2nd quarter worth $28,000. Innealta Capital LLC purchased a new position in shares of Jabil in the second quarter worth about $31,000. Capital Performance Advisors LLP acquired a new position in Jabil during the third quarter worth about $32,000. Family Firm Inc. acquired a new stake in Jabil in the 2nd quarter valued at about $37,000. Finally, Matrix Trust Co raised its holdings in Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after acquiring an additional 214 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Stock Down 1.0 %

Shares of NYSE:JBL opened at $132.70 on Wednesday. The company has a market capitalization of $14.97 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.55 and a beta of 1.24. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $156.94. The business has a 50-day moving average price of $124.39 and a 200 day moving average price of $115.92. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL) last announced its quarterly 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 business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same period last year, the business earned $2.34 earnings per share. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. Sell-side analysts expect that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Friday, November 15th. Jabil’s dividend payout ratio (DPR) is 2.90%.

Insider Activity

In other news, EVP Matthew Crowley sold 1,380 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the transaction, the executive vice president now owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. This trade represents a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the sale, the director now directly owns 139,108 shares in the company, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,689 shares of company stock valued at $5,377,431. 2.62% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Barclays raised their target price on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Bank of America boosted their price target 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. Finally, Stifel Nicolaus raised their price objective on shares of Jabil from $130.00 to $140.00 and gave the stock 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

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).