Jabil Inc. (NYSE:JBL) Shares Purchased by KBC Group NV

KBC Group NV lifted its position in shares of Jabil Inc. (NYSE:JBL) by 0.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 122,025 shares of the technology company’s stock after acquiring an additional 673 shares during the period. KBC Group NV owned 0.11% of Jabil worth $14,622,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Primecap Management Co. CA raised its holdings in shares of Jabil by 3.0% during the second quarter. Primecap Management Co. CA now owns 3,682,875 shares of the technology company’s stock valued at $400,660,000 after buying an additional 107,800 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Jabil by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,636,737 shares of the technology company’s stock valued at $178,058,000 after acquiring an additional 106,808 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Jabil by 29.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock worth $150,463,000 after acquiring an additional 310,590 shares during the period. AQR Capital Management LLC grew its stake in shares of Jabil by 195.8% in the second quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock worth $115,404,000 after purchasing an additional 702,199 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Jabil during the second quarter valued at about $78,660,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Performance

JBL opened at $128.26 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market cap of $14.47 billion, a PE ratio of 11.64, a P/E/G ratio of 1.55 and a beta of 1.24. The business has a fifty day simple moving average of $121.26 and a 200-day simple moving average of $115.40. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94.

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, beating analysts’ consensus estimates of $2.22 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. Jabil’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter last year, the company posted $2.34 EPS. As a group, equities analysts predict that Jabil Inc. will post 7.84 EPS for the current fiscal year.

Jabil Announces Dividend

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

Insider Activity at Jabil

In related news, SVP Francis Mckay sold 11,755 shares of the 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 sale, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This represents a 22.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at approximately $12,908,981.10. This trade represents a 3.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,689 shares of company stock worth $5,377,431. 2.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

JBL has been the topic of several research analyst reports. Barclays raised their target price on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Stifel Nicolaus boosted their target price on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. decreased their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Finally, Bank of America boosted their price objective on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

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).