Lifeworks Advisors LLC Grows Position in Jabil Inc. (NYSE:JBL)

Lifeworks Advisors LLC increased its position in shares of Jabil Inc. (NYSE:JBL) by 40.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 15,597 shares of the technology company’s stock after buying an additional 4,502 shares during the quarter. Lifeworks Advisors LLC’s holdings in Jabil were worth $1,869,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC purchased a new position in shares of Jabil in the 2nd quarter valued at approximately $28,000. Capital Performance Advisors LLP purchased a new position in shares of Jabil in the 3rd quarter valued at approximately $32,000. Innealta Capital LLC purchased a new position in shares of Jabil in the 2nd quarter valued at approximately $31,000. Family Firm Inc. acquired a new stake in shares of Jabil in the 2nd quarter valued at approximately $37,000. Finally, Matrix Trust Co lifted its holdings in shares of 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 buying an additional 214 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Activity

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the sale, the executive vice president now owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Matthew Crowley sold 1,380 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the sale, the executive vice president now owns 18,568 shares of the company’s stock, valued at $2,336,411.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares in the company, valued at approximately $5,051,816.97. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,689 shares of company stock valued at $5,377,431 over the last quarter. Company insiders own 2.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JBL. JPMorgan Chase & Co. reduced their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Bank of America raised their price target on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. Barclays lifted their price objective on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Stifel Nicolaus lifted their price objective on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Jabil Price Performance

Shares of NYSE JBL traded down $2.43 during trading on Thursday, reaching $129.30. The company had a trading volume of 173,209 shares, compared to its average volume of 1,446,783. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $156.94. The stock has a market capitalization of $14.59 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. The stock has a 50-day moving average price of $120.19 and a two-hundred day moving average price of $115.25. 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 released its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same period in the previous year, the firm posted $2.34 earnings per share. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, sell-side analysts predict that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, November 15th. Jabil’s dividend payout ratio is currently 2.90%.

Jabil 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).