Jabil Inc. (NYSE:JBL) Shares Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. grew its holdings in shares of Jabil Inc. (NYSE:JBL) by 6.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,306 shares of the technology company’s stock after purchasing an additional 4,705 shares during the period. Hennessy Advisors Inc. owned 0.06% of Jabil worth $10,221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Jabil by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock worth $1,919,948,000 after purchasing an additional 1,427,429 shares during the period. Wellington Management Group LLP increased its holdings in shares of Jabil by 0.7% in the 3rd quarter. Wellington Management Group LLP now owns 5,392,355 shares of the technology company’s stock worth $684,236,000 after acquiring an additional 36,560 shares during the period. Norges Bank acquired a new stake in shares of Jabil in the 4th quarter worth about $192,964,000. Artisan Partners Limited Partnership increased its holdings in shares of Jabil by 36.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock worth $170,660,000 after acquiring an additional 359,818 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Jabil by 13.8% in the 3rd quarter. Northern Trust Corp now owns 1,162,838 shares of the technology company’s stock worth $147,553,000 after acquiring an additional 141,383 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Price Performance

Shares of NYSE:JBL traded up $0.54 during trading hours on Friday, hitting $108.46. 1,122,936 shares of the company’s stock traded hands, compared to its average volume of 1,454,968. Jabil Inc. has a 52 week low of $100.18 and a 52 week high of $156.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. The company’s fifty day simple moving average is $117.63 and its two-hundred day simple moving average is $127.84. The company has a market cap of $13.08 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, June 20th. The technology company reported $1.89 earnings per share 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 analyst estimates of $6.53 billion. During the same quarter last year, the firm posted $1.85 EPS. The business’s revenue for the quarter was down 20.2% on a year-over-year basis. As a group, equities analysts anticipate that Jabil Inc. will post 7.82 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.30%. Jabil’s dividend payout ratio (DPR) is 2.91%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on JBL shares. The Goldman Sachs Group increased their price objective on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Barclays decreased their target price on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Argus lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. UBS Group decreased their target price on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Finally, StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Jabil currently has an average rating of “Moderate Buy” and an average target price of $142.63.

Insiders Place Their Bets

In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at $45,591,095. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Jabil news, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the transaction, the senior vice president now directly owns 29,006 shares in the company, valued at $4,050,687.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the sale, the chief executive officer now directly owns 339,725 shares of the company’s stock, valued at $45,591,095. The disclosure for this sale can be found here. Insiders sold a total of 25,877 shares of company stock worth $3,519,883 over the last ninety days. 2.62% of the stock is currently owned by company insiders.

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).